Jared Bernstein examines the economic impact of raising taxes on high-income households

Reblogged from Fabius Maximus:

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Summary:  Three of the most significant changes in America's social and economic structure since the Reagan Revolution in 1980 are slowing GDP growth, the rising federal deficits and the great increase of inequality in wealth and income.  Increasing taxes on the wealth might help reverse two or even all three of these trends.  Today's post examines the costs of rising taxes on the rich.

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