Over the last few decades, the rich have not only enjoyed the largest pre-tax raises, by far. They have also received big tax cuts. The middle class and poor, meanwhile, have suffered from slow-growing incomes — and from overall tax rates that are higher today than in the mid-1960s. The first part of that story […]
Fighting Climate Change with a Green TVA
People’s Policy Project has released its seventh major paper: “Fighting Climate with a Green Tennessee Valley Authority.” Matt Bruenig authored the paper. Jon White designed the paper. The paper contains a brief proposal outlining how to use the Tennessee Valley Authority (TVA), a public power company that is fully owned by the federal government, to decarbonize […]
The Decline of African-American and Hispanic Wealth Since the Great Recession
While many studies have documented the wide disparity in income between whites on the one hand and African-Americans and Hispanics on the other, the gap in wealth is even greater. In seminal work on the subject, Oliver and Shapiro (1995) document and analyse the sources of the wealth differences between blacks and whites and discuss […]
USA ranked 27th in the world in education and healthcare—down from 6th in 1990
It’s not that Americans don’t spend a lot of money on these things. As a matter of fact, the U.S. spends more per student than almost any other country on education and way more than anybody else on healthcare. The problem, or at least part of it, is that much of this money is spent inefficiently. The Nordic […]
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