Wealth inequality is supported by the combination of high accumulation rates for the affluent, who benefit from tax preferences for capital income, and low accumulation rates for the non-wealthy, who are incentivized toward consumption.

Authors

• Person: Eugene Steuerle Organization: Milken Review
  Taxes, Government Transfers and Wealth Inequality

Sources

• Taxes, Government Transfers and Wealth Inequality www.milkenreview.org Eugene Steuerle · Milken Review via serper

Referenced by nodes (1)

• capital income concept