{"article":{"id":296009,"heading":""The Public Trust Doctrine," Wealth Inequality, and Iraq","author":"Mary Wood, Dabriel Zucman, and S Plappert","created":"2017-11-11 20:08:13","modified":"2017-11-13 02:00:47","last_modified":"Mon, 13 Nov 2017 10:00:47","article":"https:\/\/law.uoregon.edu\/images\/uploads\/entries\/FINAL_PDF_For_DISTRIBUTION_Encyclopedia_Public_Trust1.pdf<\/a>
Why did the USA invade Iraq?
by Sabastian Plappert
http:\/\/www.grin.com\/en\/e-book\/154621\/why-did-the-usa-invade-iraq<\/a>
http:\/\/gabriel-zucman.eu\/files\/SaezZucman2016QJE.pdf<\/a>
THE
QUARTERLY JOURNAL
OF ECONOMICS
Vol. 131
May 2016
Issue 2
WEALTH INEQUALITY IN THE UNITED STATES SINCE 1913:
EVIDENCE FROM CAPITALIZED INCOME TAX DATA*
Emmanuel Saez and Gabriel Zucman
This paper combines income tax returns with macroeconomic household balance sheets to estimate the distribution of wealth in the United States since 1913. We estimate wealth by capitalizing the incomes reported by individual taxpayers, accounting for assets that do not generate taxable income. We successfully test our capitalization method in three micro datasets where we
can observe both income and wealth: the Survey of Consumer Finance, linked estate and income tax returns, and foundations’ tax records. We find that wealth concentration was high in the beginning of the twentieth century, fell from 1929 to 1978, and has continuously increased since then. The top 0.1% wealth share has risen from 7% in 1978 to 22% in 2012, a level almost as high as in 1929. Top wealth-holders are younger today than in the 1960s and earn a higher fraction of the economy’s labor income. The bottom 90% wealth share
first increased up to the mid-1980s and then steadily declined. The increase in wealth inequality in recent decades is due to the upsurge of top incomes combined with an increase in saving rate inequality.
linguee.com is a translator's wonderland!\n","contact":"marc1seed@yahoo.com","link":"www.freembtranslations.net","address":"","phone":"","parent_id":0,"mime_type":"text\/plain","summary":""The Public Trust Doctrine" is a fundamental precursor to modern environmental law. The doctrine has often been characterized as an attribute of sovereignty that carries constitutional force.","numcomment":1,"fileurl":"\/uploads\/","filesize":null,"article_url":"\/news\/2017\/11\/296009.php"},"attachments":[],"comments":[{"id":296010,"heading":"The plot Against the 99%","article":"https:\/\/www.project-syndicate.org\/commentary\/republican-trump-tax-plan-by-nouriel-roubini-2017-11\r\n\r\nAfter multiple failed attempts to \u201crepeal and replace\u201d the 2010 Affordable Care Act (Obamacare), US President Donald Trump\u2019s administration now hopes to achieve its first legislative victory with a massive tax giveaway that it has wrapped in the language of \u201ctax reform.\u201d To that end, Republicans in the US Congress have just unveiled a bill that, if enacted, could vastly widen the deficit and increase the public debt by as much as $4 trillion over the next decade.\r\n\r\nWorse still, the Republican plan is designed to funnel most of the benefits to the rich. It would lower the corporate tax rate from 35% to 20%, reduce the tax on capital gains (investment profits), eliminate the estate tax, and introduce other changes that benefit the wealthy.\r\n\r\nLike the Republicans\u2019 health-care proposals, their tax plan offers little to struggling middle- and working-class households. Trump continues to govern as a pluto-populist \u2013 a plutocrat pretending to be a populist \u2013 who has not hesitated to betray the people he conned into voting for him.","author":"Nouriel Roubini","parent_id":296009,"mime_type":"text\/plain","created":"2017-11-13 02:00:48","modified":"2017-11-13 02:00:48","fileurl":""}]}