Rethinking The Income Gap
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Rethinking The Income Gap
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Author : Paul Ryscavage
language : en
Publisher: Routledge
Release Date : 2017-09-08
Rethinking The Income Gap written by Paul Ryscavage and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-08 with Business & Economics categories.
The ethical question implied by discreparcies between the distribution of income and the economic foundations of our country is at the heart of much of today's political debate. The answer according to the left-and often the mainstream media-would require major changes in the way our economy functions so as to further redistribute income among households. Higher tax rates on the upper middle class and rich, more restrictive corporate regulations (including higher taxes), more centralized economic planning, in short more governmental intervention into the free market, would all be in our future-and their deleterious effects would soon begin working their way into American life, according to Paul Ryscavage in Rethinking the Income Gap. This book is written by an economist who has spent his career studying and analyzing income inequality. News reports of mushrooming fortunes, most recently among CEOs and hedge fund managers, alongside reports of a struggling middle class and an intractable poverty class, have been common topics for the nation's media. Ryscavage asserts that the media has misused many of the facts surrounding the increase in income inequality. He calls for a reexamination of the facts and what they mean and do not mean-and ultimately shows that, contrary to media reports, income inequality can no longer be used as a measure of economic fairness. He also writes that, notwithstanding the economic downturn of 2008, the "real" news that the media have not reported is the expansion in recent decades of our nation's middle class, especially the upper middle class. Ryscavage argues that we must reexamine what the income gap means. Its relevance as a measure of economic fairness has diminished significantly in recent years. Instead, the income gap is now linked to a variety of economic problems confronting the nation and used as a rhetorical device for stirring up social concern and advancing political agendas. Rethinking the income gap is overdue. This book does just that.
Combating Inequality
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Author : Olivier Blanchard
language : en
Publisher: MIT Press
Release Date : 2023-08-15
Combating Inequality written by Olivier Blanchard and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-08-15 with Political Science categories.
Leading economists and policymakers consider what economic tools are most effective in reversing the rise in inequality. Economic inequality is the defining issue of our time. In the United States, the wealth share of the top 1% has risen from 25% in the late 1970s to around 40% today. The percentage of children earning more than their parents has fallen from 90% in the 1940s to around 50% today. In Combating Inequality, leading economists, many of them current or former policymakers, bring good news: we have the tools to reverse the rise in inequality. In their discussions, they consider which of these tools are the most effective at doing so. The contributors express widespread agreement that we need to aim policies at economic inequality itself; deregulation and economic stimulus will not do the job. No longer does anyone ask, in relation to expanded social programs, “Can we pay for it?” And most believe that US taxes will have to rise—although they debate whether the progressivity should focus on the revenue side or the expenditure side, through broad-based taxes like the VAT or through a wealth tax aimed at the very top of the income scale. They also consider the philosophical aspects of inequality—whether it is bad in itself or because of its consequences; the risks and benefits of more radical interventions to change the nature of production and trade; and future policy directions. Contributors Daron Acemoglu, Philippe Aghion, Danielle Allen, Ben Ansell, David Autor, Sheri Berman, Marianne Bertrand, Olivier Blanchard, Lucas Chancel, William Darity Jr., Peter Diamond, Christian Dustmann, David T. Ellwood, Richard Freeman, Caroline Freund, Jason Furman, Hilary Hoynes, Lawrence F. Katz, Wojciech Kopczuk, N. Gregory Mankiw, Nolan McCarty, Dani Rodrik, Jesse Rothstein, Emmanuel Saez, T. M. Scanlon, Heidi Shierholz, Tharman Shanmugaratnam, Stefanie Stantcheva, Michael Stynes, Laura D'Andrea Tyson, Philippe Van Parijs, Gabriel Zucman
Rethinking Wealth And Taxes
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Author : Geoffrey Poitras
language : en
Publisher: Edward Elgar Publishing
Release Date : 2020-08-28
Rethinking Wealth And Taxes written by Geoffrey Poitras and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-08-28 with Business & Economics categories.
Taxes on the wealthy are a topic sure to incite venomous rants from both right-wing and left-wing ideologues. The topic attracts conflicting interpretations and policy recommendations, and generates proposals for tax reform that consume political debate. All this activity takes place against an opaque backdrop of empirical evidence dealing with the distribution of wealth and income, and tax avoidance and tax evasion by corporations and wealthy individuals. Rethinking Wealth and Taxes explores these problems and considers the possibilities for increasing taxes on wealth to address the increasingly unequal distribution of wealth and income.
Fair Shot
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Author : Chris Hughes
language : en
Publisher: St. Martin's Press
Release Date : 2018-02-20
Fair Shot written by Chris Hughes and has been published by St. Martin's Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-02-20 with Business & Economics categories.
"...deeply felt and cogently argued...Hughes makes a powerful case that deserves a respectful hearing." —The Financial Times Facebook co-founder Chris Hughes argues that the best way to fight income inequality is with a radically simple idea: a guaranteed income for working people, paid for by the one percent. The first half of Chris Hughes’s life played like a movie reel right out of the “American Dream.” He grew up in a small town in North Carolina. His parents were people of modest means, but he was accepted into an elite boarding school and then Harvard, both on scholarship. There, he met Mark Zuckerberg and Dustin Moskovitz and became one of the co-founders of Facebook. In telling his story, Hughes demonstrates the powerful role fortune and luck play in today’s economy. Through the rocket ship rise of Facebook, Hughes came to understand how a select few can become ultra-wealthy nearly overnight. He believes the same forces that made Facebook possible have made it harder for everyone else in America to make ends meet. To help people who are struggling, Hughes proposes a simple, bold solution: a guaranteed income for working people, including unpaid caregivers and students, paid for by the one percent. The way Hughes sees it, a guaranteed income is the most powerful tool we have to combat poverty and stabilize America’s middle class. Money—cold hard cash with no strings attached—gives people freedom, dignity, and the ability to climb the economic ladder. A guaranteed income for working people is the big idea that's missing in the national conversation. This book, grounded in Hughes’s personal experience, will start a frank conversation about how we earn in modern America, how we can combat income inequality, and ultimately, how we can give everyone a fair shot.
Chance Merit And Economic Inequality
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Author : Joseph de la Torre Dwyer
language : en
Publisher: Springer Nature
Release Date : 2019-09-11
Chance Merit And Economic Inequality written by Joseph de la Torre Dwyer and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-09-11 with Philosophy categories.
This book develops a novel approach to distributive justice by building a theory based on a concept of desert. As a work of applied political theory, it presents a simple but powerful theoretical argument and a detailed proposal to eliminate unmerited inequality, poverty, and economic immobility, speaking to the underlying moral principles of both progressives who already support egalitarian measures and also conservatives who have previously rejected egalitarianism on the grounds of individual freedom, personal responsibility, hard work, or economic efficiency. By using an agnostic, flexible, data-driven approach to isolate luck and ultimately measure desert, this proposal makes equal opportunity initiatives both more accurate and effective as it adapts to a changing economy. It grants to each individual the freedom to genuinely choose their place in the distribution. It provides two policy variations that are perfectly economically efficient, and two others that are conditionally so. It straightforwardly aligns outcomes with widely shared, fundamental moral intuitions. Lastly, it demonstrates much of the above by modeling four policy variations using 40 years of survey data from the Panel Study of Income Dynamics.
Rethinking Inequality Decomposition With Evidence From Rural China
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Author : Jonathan Morduch
language : en
Publisher:
Release Date : 1998
Rethinking Inequality Decomposition With Evidence From Rural China written by Jonathan Morduch and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with China categories.
Creating Unequal Futures
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Author : Ruth Fincher
language : en
Publisher: Routledge
Release Date : 2020-08-02
Creating Unequal Futures written by Ruth Fincher and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-08-02 with Social Science categories.
'This is an important and powerful book because of the rigour of the analysis, the good sense of the innovative strategies for action by government, business and civil society, and the concern throughout for social justice.' - John Langmore, Director, UN Division for Social Policy and Development One in six Australian kids live below the poverty line. Among the twenty-five leading industrialised countries, Australia has the fifth highest child poverty rate. This is a useful, if stark, indicator of the extent of long-term disadvantage in this country. Creating Unequal Futures? brings together eight of Australia's leading social scientists to introduce the reader to the processes which create and sustain persistent patterns of poverty and disadvantage. Although the contributors use different approaches, their research leads to a united call for a rethinking away from the prevailing 'gloom and doom' presentations of Australian material life. They signal pathways out of the dilemmas that bind people to poverty and disadvantage. If followed, those pathways will guide us to a future characterised by less inequality. If ignored, we may further entrench patterns of disadvantage and risk creating unequal futures for all Australians.
Global Poverty
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Author :
language : en
Publisher: BRILL
Release Date : 2022-11-21
Global Poverty written by and has been published by BRILL this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-11-21 with Social Science categories.
This book provides a critical understanding of the causes of global poverty by international scholars from multiple disciplines. It is theoretical and empirical, dealing with both economic and non-economic aspects of poverty creation, to offer intellectual insights and political prescriptions.
Foundations Of Real World Economics
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Author : John Komlos
language : en
Publisher: Routledge
Release Date : 2019-01-11
Foundations Of Real World Economics written by John Komlos and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-01-11 with Business & Economics categories.
The 2008 financial crisis, the rise of Trumpism and the other populist movements which have followed in their wake have grown out of the frustrations of those hurt by the economic policies advocated by conventional economists for generations. Despite this, textbooks continue to praise conventional policies such as deregulation and hyperglobalization. This textbook demonstrates how misleading it can be to apply oversimplified models of perfect competition to the real world. The math works well on college blackboards but not so well on the Main Streets of America. This volume explores the realities of oligopolies, the real impact of the minimum wage, the double-edged sword of free trade, and other ways in which powerful institutions cause distortions in the mainstream models. Bringing together the work of key scholars, such as Kahneman, Minsky, and Schumpeter, this book demonstrates how we should take into account the inefficiencies that arise due to asymmetric information, mental biases, unequal distribution of wealth and power, and the manipulation of demand. This textbook offers students a valuable introductory text with insights into the workings of real markets not just imaginary ones formulated by blackboard economists. A must-have for students studying the principles of economics as well as micro- and macroeconomics, this textbook redresses the existing imbalance in economic teaching. Instead of clinging to an ideology that only enriched the 1%, Komlos sketches the outline of a capitalism with a human face, an economy in which people live contented lives with dignity instead of focusing on GNP.
Rethinking And Unthinking Development
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Author : Busani Mpofu
language : en
Publisher: Berghahn Books
Release Date : 2019-03-27
Rethinking And Unthinking Development written by Busani Mpofu and has been published by Berghahn Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-27 with Social Science categories.
Development has remained elusive in Africa. Through theoretical contributions and case studies focusing on Southern Africa’s former white settler states, South Africa and Zimbabwe, this volume responds to the current need to rethink (and unthink) development in the region. The authors explore how Africa can adapt Western development models suited to its political, economic, social and cultural circumstances, while rejecting development practices and discourses based on exploitative capitalist and colonial tendencies. Beyond the legacies of colonialism, the volume also explores other factors impacting development, including regional politics, corruption, poor policies on empowerment and indigenization, and socio-economic and cultural barriers.