Actually, they’re not. The Congressional Budget Office recently released a report showing the distribution of income in 2010. It takes a couple of years to compile all the data so more recent tax years are not yet available. The overall trend of tax rates is downward, contrary to what you might be hearing elsewhere. The… Continue reading
Posts Tagged → Robin Hood
Spread the Wealth
Apparently, if you spread the wealth, you improve the economy. According to the International Monetary Fund, inequality is actually bad for economic growth. Furthermore, redistribute policies are actually beneficial to an economy. Who knew?! Apparently, lots of economists knew all along. From the IMF report: In sum, then, inequality remains harmful for growth, even when… Continue reading