Across-the-Board Tax Cuts Generate Inequality

John Komlos

Challenge, 2020, vol. 63, issue 2, 90-97

Abstract: The authors argue that across-the-board tax cuts, such as the Reagan tax cuts of 1981 and 1986, generate inequality on a very large scale. The windfall of money to the superrich is an order of magnitude greater than that of the rest of the society even if in percentage terms it is smaller. It is increasingly clear that there is “no natural, spontaneous process to prevent destabilizing, inegalitarian forces from prevailing permanently” (Piketty 2014, 21). We demonstrate with a straightforward model of how an across-the-board tax cut generates large-scale inequality.

Date: 2020
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://hdl.handle.net/10.1080/05775132.2019.1705543 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:challe:v:63:y:2020:i:2:p:90-97

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MCHA20

DOI: 10.1080/05775132.2019.1705543

Access Statistics for this article

More articles in Challenge from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().