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.