And what you’re going to get now is increased consolidation of wealth and incomes at the top all of which you and I will eventually have to pay for.

Do you see the unproven assumption in that statement?

Tax policy is only a minor contributor to income inequality. The US GINI ration has been growing at roughly the same rate since the mid-60’s, back when marginal rates were 70% and (supposedly, if you listen to the “progressive left” the tax code was “fairer”.

You can do all the math you like, but tying the tax code to income inequality is …….well, let’s just say you have to get incredibly creative.

Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store