This article is only available to Macro Hive subscribers. Sign-up to receive world-class macro analysis with a daily curated newsletter, podcast, original content from award-winning researchers, cross market strategy, equity insights, trade ideas, crypto flow frameworks, academic paper summaries, explanation and analysis of market-moving events, community investor chat room, and more.
Inequality and Economic Growth (Project Syndicate, 4 min read) Former Chief Economist of IMF, Simon Johnson, argues for a wealth tax, refocused antitrust policies and changes to campaign finance rules to achieve a more equal society, and to sustain economic growth.
The Truth About Income Inequality (Reason, 15 min read) Not all income inequality is bad nor has inequality risen to the extent often cited. Global inequality is falling and both the poor and middle class in the US are now better off than in the past. And using a more complete definition of income the top 1% have seen incomes rise more slowly than Piketty suggests.