I would like to begin by congratulating the IMF for using its convocatory power to bring visibility and credibility to this critical issue of equity. Anthony Atkinson’s paper is both thoughtful and thought-provoking. Thinking of Latin America, it made me more worried than ever about the region’s inequality problem, and more convinced than ever about the necessity of aggressive compensatory policy—antidotes to the toxin Latin America’s income inequality injects into its economic, social, and political systems. Let me explain.