Wednesday, January 9, 2013

Harold Meyerson — A tax deal only the ultra-rich could love


Why inequality is increasing. Hint: in the battle between the wage share v. the profit share, the profit share is winning hands down, and tax policy is on the side of the profit share, too.

The Washington Post | Opinion
A tax deal only the ultra-rich could love
Harold Meyerson | Opinion Writer

Meyerson confuses financial investment, which is household saving, with firm (real) investment, which is firm spending on capital goods and inventory. Residential real estate construction is also counted as non-financial investment.

No comments: