Oh man was I glad that Joy had Maria Teresa Kumar, Tara Dowdell, and Karrine Jean-Pierre on that panel this morning. I thought Maria Teresa made some particularly salient points about how a lot of the solutions that are being proposed are going to exacerbate the access problems we already have. I'm finishing my last year of graduate school right now and the majority of people I know from my law school aren't really considering buying a house unless they are married and planning to move to the suburbs/exurbs. Student debt and paying for Republican policies is siphoning a huge amount of cash out of our bank accounts. Our economy depends heavily on people spending money. Well, what happens when people have so much money that, as Maria Teresa pointed out, they literally cannot spend it fast enough? The money lies fallow and doesn't go back into the economy. I think all four women did a good job of pointing out that this level of wealth transfer isn't just ethically bad, it's also exacerbating a lot of other problems.
One thing I wish they had pushed back on was when Ron Insana mentioned that we need to be redirecting people in the direction of high paying jobs is that a big part of what's happening is the jobs are being clustered in a smaller and smaller number of areas. Yeah we have a shortage of welders, but WHERE do we have a shortage of welders? If we have a shortage of welders in California but there are people who need jobs in West Virginia, that's not as simple as saying "we have more jobs than workers."
ETA: to finish out what I meant to say by this point, this also exacerbates the urban/rural divide that's a huge problem in this country. Those jobs are concentrated in a few states. As people leave their hometowns for those cities, the population in those states swells but doesn't correspond to an increase in political power because the Senate has so much power but doesn't account for population size.
Not to mention that he was not remotely accounting for cost of living. If that welding job is anywhere near a major city, $100K is a good median income but generally not enough to buy a home or actually begin accumulating wealth.
I also wished that, during the portion of the conversation where they were talking about healthcare premiums and how that would affect the economy, someone would have pointed out that employer-sponsored healthcare became widespread as a way of getting around WWII wage controls. (Before that it had existed mostly for higher-danger jobs in rural areas, like logging or mining and there were a few teachers healthcare plans primarily associated with university-owned hospitals.) European nations evolved differently, in part because their economies were wrecked by the war. Our wages are still being affected by a policy put in place because of a war we were fighting 75+ years ago.
I do wish Joy had had someone a bit more trained in tax policy on to push back against Insana. For one, when he was talking about conflating Bezos' personal net worth from stock compensation with Amazon's income, I really wanted someone to point out that a) part of the reason Amazon's stock is so high is because of their earning and profits, which is in turn affected by how much Amazon pays in income tax and b) Bezos's compensation package relies heavily on stock options because it is typically taxed at a lower rate than ordinary income.