Monday, April 16, 2012
Meet The Economists Who Provided The Data On Growing Income Inequality
This article is about the two French economists who provided much of the data that brought attention to growing income equality in the US. They also argue the the Buffet Rule that is being promoted by the Obama administration, and which the GOP calls class warfare, does not go far enough towards reducing post-tax income inequality. Their research also shows that GOP claims about the negative effect of tax hikes on super rich are without foundation. A good way to tell whether economists have done something useful is the have the WSJ attack them. Saez and Pikketty have achieved that status.
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