Timmy Elsewhere

At the Globalisation Institute. An interesting paper:

So there\’s a bit of a conundrum here. Either the usual models are incorrect or we should see a surge of popular support for much higher taxes on high earners. Something which we don\’t see, which is what is leaving Polly high and dry. Indeed, we\’ve actually seen the demand for redistribution dropping to below the levels of the 1970s, to their lowest recorded levels. Why?

Indeed, why aren\’t people following Polly\’s demands for higher taxes on the rich?

 

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