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Top heavy the increasing inequality of wealth in America and what can be done about it

By: Material type: TextTextPublication details: New York The New Press 1995Description: ix,111 p. 22 cmISBN:
  • 9781565843479
Subject(s): DDC classification:
  • 22 336.22 WO-T
Contents:
Foreword / Richard C. Leone -- 1. Introduction -- 2. Why Wealth? -- 3. Household Wealth Inequality in the United States: Present Level and Historical Trends -- 4. The Changing Structure of Household Wealth -- 5. Comparisons with Other Countries -- 6. Comparisons of Income Inequality -- 7. Current Systems of Wealth Taxation -- 8. Simulations of Direct Wealth Taxation in the United States -- 9. Concluding Remarks -- 10. Postscript.
Summary: Top Heavy provides the clearest picture available of the growing gap between rich and poor in America, and a compelling proposal to help correct it.Summary: In the second part of the book, Wolff examines the varying wealth taxes in Europe and proposes a progressive alternative to the "flat tax" for the United States - a Swiss-style, direct wealth tax that would raise about $40 billion per year. Top Heavy is a compelling argument for reaffirming the principle that taxation should be based on ability to pay and a persuasive plan for correcting some of the vast and growing inequities in American society.
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"An expanded edition of a Twentieth Century Fund report."

Includes bibliographical references and index.

Foreword / Richard C. Leone -- 1. Introduction -- 2. Why Wealth? -- 3. Household Wealth Inequality in the United States: Present Level and Historical Trends -- 4. The Changing Structure of Household Wealth -- 5. Comparisons with Other Countries -- 6. Comparisons of Income Inequality -- 7. Current Systems of Wealth Taxation -- 8. Simulations of Direct Wealth Taxation in the United States -- 9. Concluding Remarks -- 10. Postscript.

Top Heavy provides the clearest picture available of the growing gap between rich and poor in America, and a compelling proposal to help correct it.

In the second part of the book, Wolff examines the varying wealth taxes in Europe and proposes a progressive alternative to the "flat tax" for the United States - a Swiss-style, direct wealth tax that would raise about $40 billion per year. Top Heavy is a compelling argument for reaffirming the principle that taxation should be based on ability to pay and a persuasive plan for correcting some of the vast and growing inequities in American society.

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