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Data and research on tax including income tax, consumption tax, dispute resolution, tax avoidance, BEPS, tax havens, fiscal federalism, tax administration, tax treaties and transfer pricing., Inheritance taxation can be an important instrument to address inequality, particularly in the current context of persistently high wealth inequality and new pressures on public finances linked to the COVID-19 pandemic, according to a new OECD report. ....
Paolo Acciari, Facundo Alvaredo, Salvatore Morelli 24 April 2021 Growing wealth disparities can have corrosive effects on equality of opportunity when they crystallise over time and turn into persistent disparities across generations. This column uses newly assembled data from Italian inheritance tax records to show that the wealth share of the top 1% (half a million individuals) increased from 16% in 1995 to 22% in 2016, and the share accruing to the top 0.01% (the richest 5,000 adults) almost tripled from 1.8% to 5%. In contrast, the poorest 50% saw an 80% drop in their average net wealth over the same period. The data also reveal the growing role of inheritance and gifts inter vivos as a share of national income, as well as their increasing concentration at the top. ....
Sanders in vermont could have that not come out. so that is i don t know if it s a secret but that is what i found. this is something also you confirmed with the campaign? well i confirmed it with the campaign, but first i confirmed it with the birth certificate, so yes. just want to make sure on what the campaign was saying about it. david corn let me ask you about this because it s interesting. what we re seeing with bernie sanders, it always strikes me when he s asked any question that s not about wealth concentration or any specific explicit policy question he seems to bristle. it s a cheap question, cheapens the process, you re cheapening yourself as a journalist to ask about it. this resistance to any personal information about his life getting into the public domain where does that come from? is that a guy who has this monkish devotion to public policy? is it about being a new englander, about being a vermonter where you don t talk about your personal what is it? ste ....
well, look i think that one of the things that is unfortunately true about presidential elections in america today is that you need a lot of money to win them. it s just that simple. a lot of the money based on this wealth concentration problem we ve been talking about, where does it exist? it exists in the mancehands of millionaires and billionaires many of whom control the financial markets. that s a fundamental problem like sanders was talking about. i m not going to get into the name-calling, and i understand that anyone who runs for office has to do that kind of fundraising, but really the fundamental problem here is both the extent of wealth concentration and the pervasiveness of that wealth and the way it find its way into politics today. okay. i want to play a clip of hillary clinton speaking in iowa a couple of weeks ago. here it is. we need to get back into the habit of actually rewarding workers with increases in their ....
Going back decades, focussing on income inequality wealth concentration, corporate power. things sanders has made his entire career around things that are suddenly coming back. income stagnation all things happening in the country now. they think this message that he s been articulating for years, he has great credibility on, is now showing in a way like never before. it s a twofold thing. number one, break clear of other hillary challengers. martin o malley jim web, lincoln. they want to get it to if you don t like hillary clinton on the democratic side they want bernie sanders to be the default guy. they look at polling and say compared to o malley web, ....