Dean Baker — Progressive taxes only go so far. Pre-tax income is the problem

Summary:
What Dean is saying is to preempt extraction of economic rent before it occurs, instead of taxing it back afterward. A lot of rent extraction results from government policy that can be changed politically — if the public demands it strongly enough. Truthout Progressive taxes only go so far. Pre-tax income is the problem Dean Baker | Co-director of the Center for Economic and Policy Research in Washington, D.C

Topics:
Mike Norman considers the following as important: economic rent, rent extraction, rent preemption

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