ProMarket — The blog of the Stigler Center at the University of Chicago Booth School of Business
Emmanuel Saez: Saying Inequality Has Not Increased in the US “the Equivalent of Being a Climate Change Denier”
Asher Schechter interviews Emmanuel Saez
Wednesday, January 22, 2020
Emmanuel Saez — Saying Inequality Has Not Increased in the US “the Equivalent of Being a Climate Change Denier”
In an interview with ProMarket ahead of his upcoming Stigler Center visit this week, UC Berkeley economist Emmanuel Saez discussed the impact of the 2017 Trump tax cuts, the disproportionate political power of the super-rich, and whether he agrees with Bernie Sanders that billionaires shouldn’t exist....
ProMarket — The blog of the Stigler Center at the University of Chicago Booth School of Business
Emmanuel Saez: Saying Inequality Has Not Increased in the US “the Equivalent of Being a Climate Change Denier”
ProMarket — The blog of the Stigler Center at the University of Chicago Booth School of Business
Emmanuel Saez: Saying Inequality Has Not Increased in the US “the Equivalent of Being a Climate Change Denier”
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“the Trump tax cut almost halved the revenues from the corporate tax—that is, the tax that falls on the owners of stocks“
why we’ve seen multiple expansion over last year or two since...
So you can’t look at today’s multiple and compare it to previous years multiple and say “stocks are overvalued”.
The fiscal policy has been modified.... You can’t just ignore that...
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