Income inequality has soared while taxes have become less progressive … or not

Income inequality has soared while taxes have become less progressive … or not

[Ed. – Ocasio-Cortez seized on the Times piece — or at least a tweet promoting it — to explain how it would help her pay for her Green New Deal.]

On October 6, the New York Times ran a piece broadcasting the striking claims made by the economists Emmanuel Saez and Gabriel Zucman in the new book The Triumph of Injustice. Just a couple of weeks later, it’s clear that these claims are built atop a foundation of often questionable and sometimes indefensible assumptions.

Per Saez and Zucman, while the rich have been pulling in more and more of the nation’s income … they’re paying lower and lower tax rates. …

The debunkings came from everywhere: a Twitter thread by Journal of Public Economics editor Wojtek Kopczuk, an article by the economic historian Phil Magness, an academic response from the economist David Splinter, a report from the Republican side of the Senate’s Joint Economic Committee (JEC), a traditional book review in Le Grand Continent, and more.

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