Tag: World Inequality Report: 2018

NOVANEWS By Kate Harveston, Occupy.com  Income inequality has become one of the biggest political talking points of our age -- and for good reason. The new World Inequality Report 2018, by Berkeley economist Emmanuel Saez along with collaborators Thomas Piketty and Gabriel Zucman, reviews the recent distribution of gains in wealth among various income brackets. Little surprise to most, their research shows that over the past few decades the majority of income gains have gone to the top 1%, not to the middle class. Saez and his colleagues' findings couldn't have been published at a more appropriate time. As the 2017 legislative session closed, House and Senate lawmakers passed the most sweeping tax reform package since the Reagan years. Mainstream analysts and critics of the proposal...