wages. We should also eliminate the stepped-up basis rule that lets heirs avoid capital gains taxes on the appreciation of assets that occurred before the death of their benefactors. Xviiixix Smith, Hedrick, Who Stole the American how do u define a hero essay Dream, Random House. Chicago: University of Chicago, 1960. Higher levels of income inequality increase political pressures, discouraging trade, investment, hiring, and social mobility according to the report. The share of after-tax income received by the top 1 rose from.5 in 2009.6 in 2011.
Bushs tax cuts of 20, the taxes on top incomes were slashed, and tax loopholes favoring the wealthy were widened. Congressional Budget Office, US Government.
Robert Reich (How to Shrink Inequality)
Challenging the Oligarchy by Paul Krugman The New York
Saving Capitalism: For the Many, Not the Few: Robert
The Common Good: Robert
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Time for a Sales Tax on Wall Street Financial Transactions. Check date values in: access-date ( help ) "Obama, GOP fight the class war". A b Winner-Take-All Politics (book) by Jacob. "The United States of Inequality Entry 8: The Stinking Rich and the Great Divergence by Timothy Noah, m (September 14, 2010) "Distributional National Accounts". Share of income of the top 1 for selected developed countries, 1975 to 2015. "The Distribution of Major Tax Expenditures in the Individual Income Tax System". Other sources that have noted the increased inequality included economist Janet Yellen who stated, "the growth in real income was heavily concentrated at the very tip of the top, that is, the top 1 percent." 76 Follow-up research, published in 2014, by Emmanuel Saez and. 8) Constrain Wall Street. For all families, the median was 54,100 in 2001 and 52,700 in 2016, a slight decline.