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In light of the new @iteptweets report (if you haven’t already, read it here itep.org/federal-tax-cu…), a thread on rising inequality & how effective tax policy can address it 1/15
As @PikettyLeMonde, @gabriel_zucman & @berkeley_olab’s Emmanuel Saez have shown, the bottom half of the income distribution has been completely shut off from economic gains since the 1970s
equitablegrowth.org/economic-growt… 2/15
equitablegrowth.org/economic-growt… 2/15
They find that from 1980-2014, incomes grew:
121% for the top 10%
205% for the top 1%
636% for the top .001%
and a whopping 1% for the bottom 50% gabriel-zucman.eu/files/PSZ2018Q… 3/15
121% for the top 10%
205% for the top 1%
636% for the top .001%
and a whopping 1% for the bottom 50% gabriel-zucman.eu/files/PSZ2018Q… 3/15
