Document Type

Article

Publication Title

University of Miami Law Review

Abstract

The last thirty years have witnessed rising income and wealth concentration among the top 0.1% of the population, leading to intense political debate regarding how, if at all, policymakers should respond. Often, this debate emphasizes the tools of public economics, and in particular optimal in-come taxation. However, while these tools can help us in evaluating the issues raised by high-end inequality, their ex-treme reductionism—which, in other settings, often offers significant analytic payoffs—here proves to have serious drawbacks. This Article addresses what we do and don’t learn from the optimal income tax literature regarding high-end inequality, and what other inputs might be needed to help one evaluate the relevant issues.

First Page

83

Volume

71

Publication Date

2016

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