Income inequality continues to rise amidst greater globalization and along with it political polarization continues to rise too. With the gap between the haves and have nots increasing and the corresponding shrinkage of the middle class, an obvious question is why the masses don’t violently overthrow the government and replace it with a socialist one? After all, socialism appears to be in the air. By most econometric models dealing with income inequality, a revolution of some

As the Democratic party moves further to the left and the Republican party moves further to the right, not only will the polarization that we have been witness to increase, we may begin to see ruptures on policy issues that in the past were nothing more than policy disagreements. Take the issue of taxes as an example. Taxes have always been a hot button issue, with Democrats and/or liberals supporting higher taxes to finance more programs and Republicans and/or conservatives