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Friday, February 28, 2014

Inequality in two charts

by John MacBeath Watlkins

Inequality went down at a time when taxes were more progressive, up when they became less progressive. Should we go back to that model?


(from Voteview: http://voteview.com/Top_Marginal_Income_Tax_Rate.htm )


(source: http://www.libertarianprepper.com/the-sinister-roots-of-socialism/gini-index-usa/ )

The troughs in one chart nearly match the peaks in the other.When taxes are high, perks matter more than income to those at the top, I suppose.

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