| 来源类型 | Article
|
| 规范类型 | 评论
|
| Capital taxation in the 21st century |
| Mark J. Warshawsky
|
| 发表日期 | 2014-06-30
|
| 出版年 | 2014
|
| 语种 | 英语
|
| 摘要 | This article is a review and critique of the new book by Thomas Piketty, Capital in the Twenty-First Century. Piketty, a professor at the Paris School of Economics, reviews data on income and wealth inequality in developed countries over the past hundred years or so. He makes bold projections that apparent recent trends of increasing inequality will continue and deepen. Based on his interpretation of the data, Piketty gives strong prescriptions to substantially increase marginal tax rates on income and to institute a global tax on capital.
The book’s political significance is high for Tax Notes readers because the Obama administration early on strongly endorsed Piketty’s claim with University of California, Berkeley professor Emmanuel Saez that U.S. income and wage inequality has grown significantly over the last 30 years. The administration highlighted Piketty’s findings in its first proposed budget, presented in 2009, tying major parts of President Obama’s domestic policy agenda to the research. More recently, Obama has stated that inequality is the single most important policy issue in the United States, “the defining challenge of our time.” The book will also surely resonate in Europe and among international economic organizations. The book’s intellectual significance is high for Tax Notes readers because the statistics reported are based mainly on historical and recent tax records for France, Great Britain, and the United States (and to lesser extents, Germany, Sweden, and other countries).
Capital taxation in the 21st century by American Enterprise Institute |
| 主题 | Economics
|
| 标签 | Inequality
; Tax reform
|
| URL | https://www.aei.org/articles/capital-taxation-in-the-21st-century/
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| 来源智库 | American Enterprise Institute (United States)
|
| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/256925
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推荐引用方式
GB/T 7714 |
Mark J. Warshawsky. Capital taxation in the 21st century. 2014.
|
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