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F or decades, economic policy in most liberal democracies has been premised on two core beliefs: that free markets would maximize economic growth, and that we could address inequality through ...
An assessment of the Biden administration’s tax proposals on increasing capital gains taxes has found that they would reduce wealth inequality without harming economic growth. The study from ...
America's economic diversification is also expected to give it a leg up in one of the most volatile features of the new era: trade conflict. The US and China are already battling for control over ...
According to a working paper released by the Society for the Study of Economic Inequality entitled "Tax policy and income inequality in the U.S.,1978—2009: A decomposition approach," tax policy can either exacerbate or curtail economic inequality. This article argues that tax policy reforms passed under Republican administrations since 1979 ...
Although some spoke out in favor of moderate inequality as a form of incentive, [296] [297] others warned against excessive levels of inequality, including Robert J. Shiller, (who called rising economic inequality "the most important problem that we are facing now today"), [298] former Federal Reserve Board chairman Alan Greenspan, ("This is ...
Selected economic variables related to wealth and income equality, comparing 1979, 2007, and 2015. Taxes on income derived from capital (e.g., financial assets, property and businesses) primarily affect higher income groups, who own the vast majority of capital.
According to EIG, which uses US Census Bureau data to sort districts by economic well-being, roughly 52 million Americans live in a "distressed" zip code. That's up from 50 million in 2018 .
The economic restructuring also served to create structural barriers to improvement for those with the least education and skills. [6] Thus, the United States' shift to a globalized economy lead to greater income disparity between education groups, which, because of the uneven distribution of minorities in jobs and an overall increase in wage ...