Political Reform and Progressive Taxation Can Reduce Inequality

Joseph Dillon Davey

Chapter Chapter 11 in The Shrinking American Middle Class, 2012, pp 155-169 from Palgrave Macmillan

Abstract: Abstract Every two years, there are 435 elections for members of the House of Representatives. In 1974, the average amount spent by the winning candidates on their campaigns was $56,000. Most candidates needed to seek out supporters who wanted them to win the election and persuade them to donate to their campaign. In 2008, the average cost was no longer a paltry $56,000; it had increased to $1.3 million.1 The candidates needed to depend on either many more supporters or much more generous supporters and, in most cases, much wealthier supporters.

Keywords: Hedge Fund; Progressive Taxation; Debt Limit; Internal Revenue Code; Business Expense (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-1-137-29507-1_12

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137295071

DOI: 10.1057/9781137295071_12

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().