Triumph of Injustice
by Emmanuel Saez, Gabriel Zucman · first published 2019
50% recommend50% neutral
"A searing examination of a key driver of American inequality-our tax system. Even as they became fabulously wealthy, the rich have seen their taxes collapse to levels last seen in the 1920s. Meanwhile, working-class Americans have been asked to pay more. The Triumph of Injustice is a forensic investigation into this dramatic transformation. Emmanuel Saez and Gabriel Zucman, economists who revolutionized the study of inequality, demonstrate how the super-rich pay a lower tax rate than everybody else. In crystalline prose, they dissect the deliberate choices and the sins of indecision that have
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…wealth tax that nobody has actually proposed. If you want a little more depth on taxation proposals, I’d recommend the Saez and Zucman book [1] that underpinned most of the candidates’ policies: The Triumph of Injustice. All tax policy, including wealth taxes (like property taxes in the US), involves decisions about redistribution. Optimal tax theory is about trying to maximize revenue which includes considering the…
on “Modeling a Wealth Tax” ↗I can recommend "The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay" by economists Emmanuel Saez and Gabriel Zucman for some concrete ideas on how to fix this problem. Some ideas seemed a bit unlikely, but overall great…
on “Microsoft Irish subsidiary paid zero corporate tax on £220bn profit last year” ↗…vacations: avoided VAT on buying the Yacht, avoid VAT on a personal cook, avoid VAT on food. And if this specific company loose a small amount of money every year, tax write-off baby!). Zucman wrote The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay. It's an interesting read, and
…even lower than working class workers[2]. If increasing taxation reduces wealth inequality, so be it, even if it affects me. We all pay a price to reap the benefits of our society. [1] from the book Triumph of Injustice. If I recall correctly, all taxes added up comes out to about a 30% flat tax for everyone except billionaires. https://www.goodreads.com/book/show/45894166-the-triumph-of-... [2] https://sven-giegold.de/wp-content/uploads/2020/03/europe-ca...
on “Ask HN: Why are you not outraged at the capital gains tax proposal?” ↗-The Triumph of Injustice -Politics of Institutional Reform: Katrina, Education, and the Second Face of Power -The Economists' Hour -Insurance of Dummies -Architect of Prosperity: Sir John Cowperthwaite and the Making of Hong…
on “Ask HN: Books you plan to read in 2020?” ↗The US is progressive when it comes to income tax, but if you consider all contributions to tax revenue the US is basically a flat tax system. At least that's what the book Triumph of Injustice led me to believe. Like Warren Buffett literally said: “The wealthy are definitely undertaxed relative to the general population." And if someone has a billion dollars or more in unrealized wealth,…
on “Ask HN: Why are you not outraged at the capital gains tax proposal?” ↗…too little to live. BTW you are another of the wannabe rich I guess who drank the billionaires cool aid, the top 1% only pays a marginal amount of the taxes "Zucman, as detailed in his new book, "The Triumph of Injustice," written with fellow University of California at Berkeley economist Emmanuel Saez, found that the 400 richest Americans now pay a total tax rate of about 23% — that's lower than the bottom half of U.S.…
on “Modeling a Wealth Tax” ↗