Occupy Wall Street
For Economists Saez and Piketty, the Buffett Rule Is Just a Start
Emmanuel Saez and Thomas Piketty have spent the last decade tracking the incomes of the poor, the middle class and the rich in countries across the world. More than anything else, their work shows that the top earners in the United States have taken a bigger and bigger share of overall income over the last three decades, with inequality nearly as acute as it was before the Great Depression.
The Case for Raising Top Tax Rates
A new understanding of the economics of taxation - For 30 years, any proposal to raise taxes had to overcome an unshakable belief that higher taxes inevitably led to less growth. The belief survived the Clinton administration, when taxes rose and the economy surged. It survived George W. Bush s administration, when taxes were cut yet growth sagged. But now, a growing body of research suggests not only that the government could raise much more revenue by sharply raising the top tax rates paid by the richest Americans, but it could do so without slowing economic growth. Top tax rates could go as high as 80 percent or more.
Why the super-rich love the UK
According to the Socialist Worker, if you earn 150,000 a year, you are rich. But in the rarefied world of serious money, you are not super-rich until you have at least 100m. - and UK tax policy caters to the Super Rich -- UK has a gigantic sign hanging over it saying, "Rich People! Come and Live Here! You Won't Have to Pay Any Tax!" It is an extraordinary policy for any developed nation, and not one that anyone else has been tempted to adopt.
Why the Rich Keep Getting Richer
Mitt Romney, who wants talk of income inequality confined to "quiet rooms," admits he's spent the last decade living mostly on investments and paying less than half the taxes that would apply to a salary, just one more example of why the rich keep getting richer, as Bill Moyers and Michael Winship observe