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  2. Tax policy and economic inequality in the United States

    en.wikipedia.org/wiki/Tax_policy_and_economic...

    Income inequality clearly accelerated beginning in the 1980s. Larry Bartels, a Princeton political scientist and the author of Unequal Democracy, argues that federal tax policy since 1964 and starting even before that has increased economic inequality in the United States. He states that the real income growth rate for low and middle class ...

  3. Social welfare function - Wikipedia

    en.wikipedia.org/wiki/Social_welfare_function

    Two-person welfare maximization at the tangency of the highest Welfare function curve on the Possibility function is analogous to tangency of the highest indifference curve on the budget constraint. Kenneth Arrow 's 1963 book demonstrated the problems with such an approach, though he would not immediately realize this.

  4. Income inequality in the United States - Wikipedia

    en.wikipedia.org/wiki/Income_inequality_in_the...

    Income inequality has fluctuated considerably since measurements began around 1915, declining between peaks in the 1920s and 2007 (CBO data [2]) or 2012 (Piketty, Saez, Zucman data [15]). Inequality steadily increased from around 1979 to 2007, with a small reduction through 2016, [2] [16] [17] followed by an increase from 2016 to 2018. [18]

  5. Progressive tax - Wikipedia

    en.wikipedia.org/wiki/Progressive_tax

    Kraja, Lirëza and Morelli [72] have concluded that while a progressive tax framework may be more effective in achieving policy objectives like reducing income inequality and boosting government tax revenue, policymakers must carefully weigh its impact on investment and entrepreneurship and implement strong tax administration and enforcement ...

  6. Criticism of democracy - Wikipedia

    en.wikipedia.org/wiki/Criticism_of_democracy

    Indeed, it has been said that democracy is the worst form of government except all those other forms that have been tried from time to time." [2] Critics of democracy have often tried to highlight democracy's inconsistencies, paradoxes, and limits by contrasting it with other forms of government, such as epistocracy or lottocracy.

  7. Chris Stark of the Climate Change Committee said those with electric cars and heat pumps are benefiting more than those who cannot afford to switch.

  8. Social equality - Wikipedia

    en.wikipedia.org/wiki/Social_equality

    A pro-marriage equality rally in San Francisco, US Equality symbolSocial equality is a state of affairs in which all individuals within society have equal rights, liberties, and status, possibly including civil rights, freedom of expression, autonomy, and equal access to certain public goods and social services.

  9. Causes of income inequality in the United States - Wikipedia

    en.wikipedia.org/wiki/Causes_of_income...

    Federal taxes also reduce income inequality, because the taxes paid by higher-income households are larger relative to their before-tax income than are the taxes paid by lower-income households. The equalizing effects of government transfers were significantly larger than the equalizing effects of federal taxes from 1979 to 2011. [112]