The Top 20% Of US Earners Pay For All Transfer And Government
The bottom 60% of the US income distribution receives more in transfer payments than it pays in taxes. The top 20% pay for virtually all government and transfer payments, testifying […]
Envy Has Got Nothing To Do With It
Evidence is mounting that rising inequality is producing negative economic effects. These effects range from producing insufficient demand, financial instability, a decline in societal cohesion, trust and upward mobility. Those […]
Rising inequality destroys the economy
I earn 1000 times the median wage, but I do not buy 1000 times as much stuff. My family owns three cars, not 3,000. I buy a few pairs of […]
Rising Inequality and the Financial Crisis Revisited
Debate among the big beasts..