America’s runaway inequality has an engine: our unjust tax system. Even as they became fabulously wealthy, the ultra-rich have had their taxes collapse to levels last seen in the 1920s. Meanwhile, working-class Americans have been asked to pay more. The Triumph of Injustice presents a forensic investigation into this dramatic transformation, written by two economists who revolutionized the study of inequality. Eschewing anecdotes and case studies, Emmanuel Saez and Gabriel Zucman offer a comprehensive view of America’s tax system, based on new statistics covering all taxes paid at all levels of government. Their conclusion? For the first time in more than a century, billionaires now pay lower tax rates than their secretaries. Blending history and cutting-edge economic analysis, and writing in lively and jargon-free prose, Saez and Zucman dissect the deliberate choices (and sins of indecision) that have brought us to today: the gradual exemption of capital owners; the surge of a new tax avoidance industry, and the spiral of tax competition among nations. With clarity and concision, they explain how America turned away from the most progressive tax system in history to embrace policies that only serve to compound the wealth of a few. But The Triumph of Injustice is much more than a laser-sharp analysis of one of the great political and intellectual failures of our time. Saez and Zucman propose a visionary, democratic, and practical reinvention of taxes, outlining reforms that can allow tax justice to triumph in today’s globalized world and democracy to prevail over concentrated wealth. A pioneering companion website allows anyone to evaluate proposals made by the authors, and to develop their own alternative tax reform at taxjusticenow.org.
America's runaway inequality has an engine: our unjust tax system.
In 2005 the European Court of Justice offered an opinion on a KPMG-promoted Box 3.3 Congressional subcommittee chaired by Senator Carl Levin The Levin Subcommittee has focused its investigation on generic abusive tax shelters sold to ...
In this concise book, he lays out in approachable language how the international banking system works and the dangerous extent to which the large-scale evasion of taxes is undermining the global market as a whole.
Why America Should Tax Accumulated Fortunes William H. Gates. 15. “Executive Pay,” Business Week, April 16, 2001. 16. ... Edward Wolff, “Recent Trends in Wealth Ownership, 1983–1998,” Levy Economics Institute working paper no.
Never have the arguments in this book been more timely—or more important.
Eugene McCarraher challenges the conventional view of capitalism as a force for disenchantment.
In this book, three International Monetary Fund economists show that this increase in inequality has in fact been a political choice—and explain what policies we should choose instead to achieve a more inclusive economy.
Bringing together thirty-two world-class economists, Economics After Neoliberalism offers a powerful case for a new brand of economics—one focused on power and inequality and aimed at a more inclusive society.
Hall, Peter, and David Soskice. 2001. Varieties of Capitalism: The Institutional Foundations of Comparative Advantage. Oxford: Oxford University Press. Hall, Robert, and Alvin Rabushka. 1981. The Flat Tax. Stanford: Hoover Institution.
Superstars Matthew Haag was an introverted teenager without much of a social life. Short and frail, he was no athlete. Instead he spent most of his time playing video games in his bedroom in Palos Hills, Illinois, his pale complexion ...