In 2015, the top 1% paid almost as much in federal income taxes ($568B and 39% of taxes paid) as the entire bottom 95% ($588B and 40.4% of taxes paid). pic.twitter.com/wJJWV7OpAF
— Mark J. Perry (@Mark_J_Perry) November 28, 2017
.@SenSanders opposed the reforms that caused this
14 Dec 2017 Leave a comment
in economic history, politics - USA, public economics Tags: top 1%
Where is Occupy Wall Street when they are most needed
09 Dec 2017 Leave a comment
in applied price theory, economic history, labour economics, sports economics Tags: superstars, top 1%
Who pays taxes in the USA?
10 Nov 2017 Leave a comment
in politics - USA, public economics Tags: top 1%
Average Income of Top 10% in 2010
31 May 2017 Leave a comment
in financial economics, human capital, labour economics, labour supply, occupational choice Tags: superstars, top 1%
Macroeconomic Consequences of Taxing the Rich
11 May 2017 Leave a comment
in fiscal policy, macroeconomics, politics - USA, Public Choice, public economics, sports economics Tags: taxation and labour supply, top 1%
Top income shares falling since 1950s @FairnessNZ @CloserTogether
07 Apr 2017 Leave a comment
in economic history, politics - New Zealand, poverty and inequality Tags: superstar wages, superstars, top 1%
It has become an urban legend in New Zealand that inequality is getting worse and worse.
Brian Easton adjusted the top income share database for New Zealand for the introduction of dividend imputation. This encouraged companies to distribute more dividends.
Once this measurement error was corrected by Easton, there has been no increase in top income shares in New Zealand since the 1950s. It has been a slow taper at best or a flat line.
There is a wages boom from the early 1990s after 20 years of wage stagnation, a period which some people regard as the good old days.
The return of real wages growth, and strong employment growth to boot, came straight after the Ruth Richardson horror budget and the passage of the Employment Contracts Act.
Every ethnic group experienced strong income growth as well as the graphic below shows. The rich got richer and the poor got richer too.
ROGGE LECTURE: DEIRDRE MCCLOSKEY (NOVEMBER 15, 2014)
30 Mar 2017 Leave a comment
in applied price theory, development economics, economic history Tags: top 1%
Would @GetUp @SenSanders go back in Time Machine to their 1970s glory days?
27 Mar 2017 1 Comment
in applied price theory, applied welfare economics, development economics, economic history, growth miracles, politics - USA Tags: anti-market bias, Leftover Left, pessimism bias, The Great Enrichment, top 1%
18.1% of all children born on this planet in 1960 died before they had their fifth birthday ourworldindata.org/data/populatio… https://t.co/1FcIzAk88b—
Ninja Economics (@NinjaEconomics) December 28, 2015
A Graph for Pope Francis: If You Want to Help the Poor, You Should Embrace Capitalism. Exhibit A: See Chart http://t.co/yG1ixKZxrJ—
Mark J. Perry (@Mark_J_Perry) September 21, 2015
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