thomaspiketty
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You are viewing stuff tagged with thomaspiketty.
Sheelah Kolhatkar writing in the New Yorker; The Ultra-Wealthy Who Argue That They Should Be Paying Higher Taxes:
In the U.S., executive compensation has increased, on average, by nine hundred and forty per cent since 1978, according to one estimate; during the same period, worker pay has risen twelve per cent. Income inequality hasn’t been this extreme since the nineteen-twenties. Emmanuel Saez and Gabriel Zucman found that, as a result of cuts to estate and corporate taxes, as well as the 2017 G.O.P. tax bill, the four hundred richest Americans pay a lower over-all tax rate than any other group in the country. In a Times Op-Ed, Saez and Zucman wrote, “This is the tax system of a plutocracy.”
I am reading the conclusions in Thomas Piketty’s Capital in the Twenty-First Century (It is rather unreasonable to try to wade through the 300 pages separating my progress in the book and the conclusions, given our two week old! So, I skipped to the end…). Here are some interesting quotes: