On May 14, 2014, at 10:35 AM, Louis Proyect <[email protected]> wrote: > > Kenneth Rogoff, a Harvard economist, contends in a review of Piketty’s > book that “the idea of a global wealth tax is replete with credibility > and enforcement problems, aside from being politically implausible.” > > Rogoff views evidence of growing inequality presented by Piketty and > others as “persuasive” and he proposes a number of alternative, > smaller-scale remedies to control disproportionate wealth accumulation. > He suggests a shift to a “relatively flat consumption tax, with a large > deductible for progressivity.” Consumption taxes apply to spending, as > opposed to income taxes that are levied on wages, benefits, profits from > sales, dividends and other gains. Why, Rogoff asks, should we “try to > move to an improbable global wealth tax when alternatives are available > that are growth friendly, raise significant revenue, and can be made > progressive through a very high exemption”? > > full: > http://www.nytimes.com/2014/05/14/opinion/edsall-thomas-piketty-and-his-critics.html > > --- > > Researchers Finally Replicated Reinhart-Rogoff, and There Are Serious > Problems. > > Apr 16, 2013 > > Mike Konczal
================ See the people standing there Who disagree and never win And wonder why they don't get in my door I'm painting a room in a colorful way And when my mind is wandering There I will go And it really doesn't matter If I'm wrong, I'm right Where I belong I'm right Where I belong [Fixing a Hole: L&M] _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
