12.27.2013

Inequality

Cardiff de Alejo Garcia: Deaton on US inequality and the Pareto criterion:
 "The countries in the OECD that have seen the largest increases in shares of income at the very top are the countries that have seen the largest cuts in taxes on top income. Studies of congressional voting by the political scientists Larry Bartels and Martin Gilens have documented how votes in Congress from both sides of the aisle are sensitive to the wishes of rich constituents and not at all to the wishes of poor constituents. ..."

'via Blog this'

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