By taxing capital gains and dividends at a lower rate than other income, the federal government increases the likelihood that the rate of return on capital will exceed the economic growth rate, which is a key driver of Thomas Piketty’s theory of rising future economic inequality.

Authors

• Person: Not available Organization: Center for American Progress
  How the Government Subsidizes Wealth Inequality

Sources

• How the Government Subsidizes Wealth Inequality www.americanprogress.org Center for American Progress via serper

Referenced by nodes (3)

• United States federal government entity
• economic inequality concept
• capital gains concept