A Different Look at After-Tax Income Inequality
ALAN REYNOLDS, CATO INSTITUTE
Every presidential candidate promises to “reduce income inequality” by raising tax rates on the rich and increasing transfer payments (including tax...
How Not to Spin a Big Drop in Top 1% Incomes
ALAN REYNOLDS, CATO INSTITUTE
When Thomas Piketty and Emmanuel Saez release their annual estimates of top 1 percent incomes, you can count on The New...
Piketty Problems: Top 1% Shares of Income and Wealth Are Nothing Like 1917- 28
ALAN REYNOLDS, CATO INSTITUTE
Former Treasury Secretary Larry Summers’ review of Thomas Piketty’s Capital in The Twenty-First Century, claims that Mr. Piketty and Emmanuel Saez...
Paul Krugman’s Nostalgia for Teddy Roosevelt’s New Nationalism
ALAN REYNOLDS, HERITAGE FOUNDATION
Paul Krugman managed to discover “America’s Taxation Tradition” in an unlikely spot – a fiery old political speech by an unsuccessful...
Another Defective IMF study on Inequality and Redistribution
ALAN REYNOLDS, CATO INSTITUTE
“IMF Warns on the Dangers of Inequality,” screams the headline of a story by Ian Talley in the Wall Street Journal....