America’s runaway inequality has an engine: our unjust tax system.
Even as they became fabulously wealthy, the ultra-rich have seen their taxes collapse to levels last seen in the 1920s. Meanwhile, working-class Americans have been asked to pay more. The Triumph of Injustice presents a forensic investigation into this dramatic transformation, written by two economists who revolutionized the study of inequality. Eschewing anecdotes and case studies, Emmanuel Saez and Gabriel Zucman offer a comprehensive view of America’s tax system, based on new statistics covering all taxes paid at all levels of government. Their conclusion? For the first time in more than a century, billionaires now pay lower tax rates than their secretaries.
Blending history and cutting-edge economic analysis, and writing in lively and jargon-free prose, Saez and Zucman dissect the deliberate choices (and sins of indecision) that have brought us to today: the gradual exemption of capital owners; the surge of a new tax avoidance industry; and the spiral of tax competition among nations. With clarity and concision, they explain how America turned away from the most progressive tax system in history to embrace policies that only serve to compound the wealth of a few.
But The Triumph of Injustice is much more than a laser-sharp analysis of one of the great political and intellectual failures of our time. Saez and Zucman propose a visionary, democratic, and practical reinvention of taxes, outlining reforms that can allow tax justice to triumph in today’s globalized world and democracy to prevail over concentrated wealth.
0 有用 小鹿想念书 2024-01-25 10:39:57 美国
美国的确不算是progressive tax system. 富人如果一直持股不变现,可以实现几乎零缴税。对普通人而言,合理避税的简单方式是把ordinary income转化成capital gain. 尽量用1245 recapture,然后用1231变成capital gain.
0 有用 proletaricat 2020-03-27 10:15:02
A solid, eye-opening, and urgently necessary book.
1 有用 白衣渡江 2020-09-03 13:02:53
摆事实,讲道理,有理有据。读了会抑郁的书。 希望所有人的平均 suffering 减少,希望最可怜的1%的人的平均 suffering 减少,希望最可怜的1%的人的 maximum suffering 减少等等等等。 就跟VaR,CVaR等等一样。
0 有用 小鹿想念书 2024-01-25 10:39:57 美国
美国的确不算是progressive tax system. 富人如果一直持股不变现,可以实现几乎零缴税。对普通人而言,合理避税的简单方式是把ordinary income转化成capital gain. 尽量用1245 recapture,然后用1231变成capital gain.
1 有用 白衣渡江 2020-09-03 13:02:53
摆事实,讲道理,有理有据。读了会抑郁的书。 希望所有人的平均 suffering 减少,希望最可怜的1%的人的平均 suffering 减少,希望最可怜的1%的人的 maximum suffering 减少等等等等。 就跟VaR,CVaR等等一样。
0 有用 proletaricat 2020-03-27 10:15:02
A solid, eye-opening, and urgently necessary book.