The following article is worth a read for people with an interest in economics: ergodicityeconomics.com/2017/08/14/wea… -- I strongly disagree with the low-interest-rate-speculation at the end of the article, and I think the authors get the causal relationship entirely wrong, but the ...
... intriguing parts of this article lie elsewhere: (1) The redistribution-coefficient in their simple model turned negative in the US in the early 80s. This would imply that the government is actively making inequality worse. (2) This starts making intuitive sense if one ...
.. examines the model assumption (where taxation is proportional to wealth, vs. the reality that it is mostly based on income).
This very simple model may be making a very strong theoretical point for taxing wealth, not income.
This very simple model may be making a very strong theoretical point for taxing wealth, not income.
