by Henry Oliner | Jul 11, 2017 | Economics
Thomas Piketty’s Capital in The Twenty First Century, has spawned a cottage industry of dissent. Piketty uses masses of data to illuminate a growth in inequality, that he surmises is an inevitable result of capitalism and can only be resolved by painfully high taxes...
by Henry Oliner | Jul 5, 2017 | Economics
Thomas Piketty’s Capital in The Twenty First Century, has spawned a cottage industry of dissent. Piketty uses masses of data to illuminate a growth in inequality, that he surmises is an inevitable result of capitalism and can only be resolved by painfully high...
by Henry Oliner | Oct 13, 2016 | Economics
Don Boudreaux at Cafe Hayek quotes from Deirdre McCloskey’s outstanding Bourgeois Equality in his Bonus Quotation of the Day: Members of the left clerisy, such as Tony Judt or Paul Krugman or Thomas Piketty, who are quite sure that they themselves are taking the...
by Henry Oliner | Sep 11, 2016 | Economics, Taxes
From The NYT and economist Greg Mankiw, Why Taxing Fairly Means Not Taxing Inheritances: Excerpt: From my perspective, the estate tax is a bad way to tax the rich because it violates a principle that economists call horizontal equity. The basic idea is that similar...
by Henry Oliner | Jul 12, 2016 | Uncategorized
Measuring income inequality is more difficult than most realize. Is it a problem if the middle class is shrinking if the reason is that most are moving into the upper class? Why isn’t Obama bragging about this?
