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Which Wealth Tax? (Project Syndicate) Spence supports Democratic candidates Warren and Sanders in pledging for the introduction of a wealth tax, but only if it’s done right and the cash goes to the bottom 50%. [Bearish US stocks]
How the Rich Are Different: Hierarchical Power as the Basis of Income Size and Class(Blair Fix) A new paper on inequality claiming that the rich of the world are different not because they are more productive or can exploit workers, but because of their hierarchical power or i.e. greater command over subordinates.
The Great Gatsby goes to College: Tuition, Inequality and Intergenerational Mobility in the U.S. (Damien Capelle) Finds that unequal access to higher education in the US has led to increases in returns to human capital, heightened income inequality, and has increased tuition fees and stagnated the enrolment of low-income students.