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.
- Guest article by Jared Bernstein.
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- wider context about this topic.
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By Jared Bernstein, 24 April 2012
Reposted here with his generous permission
I’ve been waiting for this. It’s the long-awaited, reader-friendly review by Chye-Ching Huang of the economic theory, evidence, and literature on the relationships—or lack thereof—between taxes on high–income households and their impact on growth, jobs, investment, and entrepreneurship.
CCH takes you — pretty gently…
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