I understand that correlation doesn’t equal causation, but it suuuure looks like progressive tax policies (and when I wrote “tax policies” I most definitely didn’t mean just income tax rates) actually can make a difference in inequality!

Do you understand the difference between marginal and effective tax rates, Jack?

Until we get an answer to that little question, there’s not much use in discussing.

If anyone believes the solution to income inequality in a globalistic, automated, information age is just to jack up tax rates on the 1%, I’ve got a bridge to sell them.

I am very familiar with all these graphs, btw.

Written by

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