fix articles 133402, leverage
Enough Words (tags)
It's time to take action
Economists Rediscover the Distrribution Question (tags)
Higher taxes for the rich-traditionally a horror to liberal economists-appear in a new light as state transfers to poorer sectors. Those richer than 95% pocket around 20% of the total income. It was less than half as much at the end of the 70s.
IMF Working Paper: "Inequality, Leverage and Crises" (tags)
"A financial crisis can reduce leverage if it is very large and not accompanied by a real contraction. But restoration of the lower income group's bargaining power is more effective."