In a time of high unemployment and increasing national deficits, some argue that the wealthiest Americans are not paying their fair share. From President Obama’s first budget message in 2009 to the Occupy Wall Street movement, there have been strong calls to ask more from the 1 percent to level the playing field for the 99 percent. But where do these numbers come from? This forum will take a critical look at inequality research, including the papers offered by economists Thomas Piketty and Emmanuel Saez over the last decade, and at solutions such as more progressive taxation and other measures offered to reduce inequality. Join us as our panelists examine the research behind these debates and discuss the real nature of income inequality in the United States.
Featuring Dan Ikenson, Director, Herbert A. Stiefel Center for Trade Policy Studies, Cato Institute; Simon Lester, Policy Analyst, Herbert A. Stiefel Center for Trade Policy Studies, Cato Institute; Daniel Pearson, Senior Fellow, Herbert A. Stiefel Center for Trade Policy Studies, Cato Institute; and Bill Watson, Policy Analyst, Herbert A. Stiefel Center for Trade Policy Studies, Cato Institute.
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In this issue of the Cato Journal, economists Geoffrey Black, D. Allen Dalton, Samia Islam, and Aaron Batteen offer one prominent example of allowing the market to work. Also in this issue, economists Jason E. Taylor and Jerry L. Taylor reexamine the relationship between marginal tax rates and U.S. growth, and Robert Krol looks at bias in CBO and OMB economic forecasts.
March 13, 2014
March 13, 2014
Latest CommentaryWhen I first became a reporter in 1945 for a Boston radio station, a veteran journalist commanded me: “Kid, when you’re on a good...
The 2008-2009 financial crisis and Great Recession have vastly increased the power and scope of the Federal Reserve, and radically changed the financial landscape. This new ebook examines those changes and considers how the links between money, markets, and government may evolve in the future.