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[I]ncome inequality has been rising at more or less the same rate everywhere in the industrialized world... The link you cite excludes income from capital gain
by vannevar 15y ago
[I]ncome inequality has been rising at more or less the same rate everywhere in the industrialized world...
The link you cite excludes income from capital gains, which for the wealthiest Americans comprises most of their income and which is taxed at a much lower rate, as Mitt Romney's recent tax disclosure exemplifies.
- Symmetry 15y agoTrue, I don't have any good cross-national comparison that includes capital gains, if anybody has that I'd be grateful if they could post it. My guess would be that the effect would be pretty much the same from nation to nation, but of course I can't be sure of that without data.