by Summary:
Dean Baker looks at offsets. He doesn't see "taxing the rich" as a good offset. I don't think MMT economists do either, and as far as I know, they have not pushed this proposal. "Taxing the rich" through progressive taxation has another reason. That is, limiting the political power of wealth and reducing inequality. There are good reasons for this – social, political and economic.Some MMT economists have recommend preemption of rent extraction first, with the residual to be addressed by taxation. Beat the PressMMT and Taxing the RichDean Baker | Co-director of the Center for Economic and Policy Research in Washington, D.C
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Mike Norman considers the following as important: MMT, MMT criticism, MMT critics, offsets, progressive taxation, tax policy
This could be interesting, too:
Dean Baker looks at offsets. He doesn't see "taxing the rich" as a good offset. I don't think MMT economists do either, and as far as I know, they have not pushed this proposal. "Taxing the rich" through progressive taxation has another reason. That is, limiting the political power of wealth and reducing inequality. There are good reasons for this – social, political and economic.Some MMT economists have recommend preemption of rent extraction first, with the residual to be addressed by taxation. Beat the PressMMT and Taxing the RichDean Baker | Co-director of the Center for Economic and Policy Research in Washington, D.C
Topics:
Mike Norman considers the following as important: MMT, MMT criticism, MMT critics, offsets, progressive taxation, tax policy
This could be interesting, too:
Mike Norman writes Jared Bernstein, total idiot. You have to see this to believe it.
Steve Roth writes MMT and the Wealth of Nations, Revisited
Matias Vernengo writes On central bank independence, and Brazilian monetary policy
Michael Hudson writes International Trade and MMT with Keen, Hudson
He doesn't see "taxing the rich" as a good offset. I don't think MMT economists do either, and as far as I know, they have not pushed this proposal.
"Taxing the rich" through progressive taxation has another reason. That is, limiting the political power of wealth and reducing inequality. There are good reasons for this – social, political and economic.
Some MMT economists have recommend preemption of rent extraction first, with the residual to be addressed by taxation.
Beat the Press
MMT and Taxing the Rich
Dean Baker | Co-director of the Center for Economic and Policy Research in Washington, D.C