How Higher Taxes Can Fight Inequality While Promoting Growth [psmag.com]
According to the latest World Inequality Report , inequality is like the world's oceans: almost everywhere, and rising all the time. The United States is no exception. Its wealth gap today is as large as it's been since the turn of the 20th century. The authors of the report sound genuinely alarmed. "If rising inequality is not properly monitored and addressed," they warn us, "it can lead to various sorts of political, economic, and social catastrophes." One of the report's authors is the...