What Could Raising Taxes on the 1% Do? Surprising Amounts

When it comes to paying taxes, most Americans think the wealthy do notpay their fair share. There is a sharp divide, however, between Republicans and Democrats when it comes to taxing the rich, who provide most of the cash for political campaigns. All the Republican tax proposals, in fact, cut taxes for the wealthiest Americans. […]

Higher taxes on the rich actually wouldn’t lower inequality that much

Up isn’t down, black isn’t white, and higher taxes on the rich don’t do nothing about inequality. The question, though, isn’t whether they do anything — it’s how much they actually do. The answer might be less than you think. That, at least, is what William Gale, Melissa Kearney and Peter Orszag found when they simulated what […]

Why Hasn’t Democracy Slowed Rising Inequality?

During the past two generations, democratic forms have coexisted with massive increases in economic inequality in the United States and many other advanced democracies. Moreover, these new inequalities have primarily benefited the top 1 percent and even the top .01 percent. These groups seem sufficiently small that economic inequality could be held in check by […]

High Quality Child Care Is Out of Reach for Working Families

In recent decades most Americans have endured stagnant hourly pay, despite significant economy-wide income growth (Bivens and Mishel 2015). In essence, only a fraction of overall economic growth is trickling down to typical households. There is no silver bullet for ensuring ordinary Americans share in the country’s prosperity; instead, it will take a range of […]