Remove Production Remove Public Policy Remove Taxation
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Meet the New Global Tax Haven, the United States

NonProfit Quarterly

There are many reasons, including public policies—both on the expenditure side (that is, government support for education, childcare, healthcare, and so on) and on the revenue side (that is, how progressive or regressive taxes are). What accounts for such extraordinary concentration of wealth at the top in the United States?

Law 141
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Of Myths and Markets: Moving Beyond the Capitalist God That Failed Us

NonProfit Quarterly

These policies have real-world effects. Federal Reserve data show that labor’s share of US total income over the past 40 years has fallen by nearly three percentage points of gross domestic product—an amount that exceeds $600 billion annually, or about $4,000 a year per employed worker. That markets work and public policies fail.

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Corporate Capture—Can We Find a Way Out?

NonProfit Quarterly

This is neoliberalism, which is best understood as a politics in which the state acts to support the concentration of wealth among an elite few through its taxation, spending, and regulatory policies. By contrast, nowadays, youth are much more likely to be consuming multinational corporate products and services via mobile apps.

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Excessive Wealth Has Run Amok—This Must Stop

NonProfit Quarterly

It’s time to change public policy to do away with excessive wealth and its corrosive effects on our lives, our society, and our democracy. Some excessively wealthy individuals have fortunes and balance sheets larger than the gross domestic product (GDP) of entire countries. Public policy also helps buoy wealth accumulation.