Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

That article suggests high taxes are the reason for the increase in poverty from 1964 to 2012 yet taxes on the top tax bracket were cut in half over that period.

It's clear as night and day that the reason why wealth inequality and poverty has been skyrocketing over the last 50 years is due to plummeting tax rates on the wealthy.



That might be clear (perhaps even tautological) for wealth inequality; as others are discussing, it’s much less “clear” for poverty.

You can certainly draw connections - wealth inequality leading to housing inequality leading to homelessness, but that’s a bit more complicated.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: