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Transcripts for CNN Fareed Zakaria GPS 20140202 18:09:00

be changing jobs seven times and they need a vehicle for public education, for learning. they don t have it. also say at the top end we have a system that exacerbates this and doesn t ameliorate it, our tax system. it s ridiculous. the very top end because of the way we have capital gains and the way people are allowed to call things that are really earned income capital gains, the very, very top level are paying much lower average taxes than just below them. chrystia, you wrote a book about this the super rich this concentration of wealth. you know, the part of the question that i think a lot of people have is, how does that relate to what is really the biggest problem, which is the stagnation of wages for the vast majority in the middle? you think about the inequality as these three things, the rise of the super rich, the very poor, which is growing and unfortunately getting calcified, but for most people in the west, the feeling is, you have reasonable skills, not great ones, an

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Transcripts for CNN Fareed Zakaria GPS 20140202 15:09:00

also say at the top end we have a system that exacerbates this and doesn t ameliorate it, our tax system. it s ridiculous. the very top end because of the way we have capital gains and the way people are allowed to call things that are really earned income capital gains, the very, very top level are paying much lower average taxes than just below them. chrystia, you wrote a book about this the super rich this concentration of wealth. you know, the part of the question that i think a lot of people have is, how does that relate to what is really the biggest problem, which is the stagnation of wages for the vast majority in the middle? you think about the inequality as these three things, the rise of the super rich, the very poor, which is growing and unfortunately getting calcified, but for most people in the west, the feeling is, you have reasonable skills, not great ones, and you just can t make much headway in terms of rising wages. how do you address that problem? well, you kno

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