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Income Inequality, Progressive Taxation And Tax Expenditures, James R. Hines Jr.
Income Inequality, Progressive Taxation And Tax Expenditures, James R. Hines Jr.
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There are important and growing concerns about income inequality in the United States and other high-income countries. These concerns reflect rising apprehension about the political and social consequences of inequality and worries that the advance of technology, expanding international trade and investment, and other economic developments may have significantly widened income gaps in recent decades and will continue to do so in the future. In the United States, these concerns have prompted renewed calls for political activism and vigorous searches for policy measures that might improve the relative economic positions of low- and middle-income Americans.
There are many ways in …