Counterargument

Capitalism is not the answer to fix our nation’s income inequality. The author who wrote the response to Saez’s article believes that capitalism is the only way to build wealth. However this is not the case.  The government is reliable to fix the income inequality in our nation. The government’s Internal Revenue Service produces statistics to monitor the income levels. These statics are not only high quality but final. The releasing of these statistics is usually a slow process and can be up to 2 years behind. It is extremely crucial that these statistics be produced more efficiently because therefore the income inequality issue could be solved without Capitalism. These statistics can be produced more efficiently if tax returns, information returns, and filing extension forms were all formed together a year earlier than usual. Income wage distribution could be more efficient if the quarterly wage income data that was gathered by unemployment insurance systems was systematically analyzed.