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#incomeinequality

4 posts4 participants0 posts today

Not sure if there's any #tax nerds on Mastodon, but I'm looking for historic data on taxes in the UK, definitely income tax but other taxes as well if possible, and ideally presented in a way which allows for meaningful comparisons with contemporary data (e.g. adjusted for inflation, equivalents between different regimes defined etc). Can anyone help? #tax #incometax #incomeinequality

The American economy is increasingly driven by the spending decisions of the wealthiest consumers, with the top 10% accounting for almost half of all spending. “There is a link between "economic inequality and the erosion of democratic norms and institutions” theweek.com/business/economy/r #incomeinequality

theweek · Rich people are 'powering' America's economyThe income gap sets a new record

Some people don’t understand the difference between a million and a billion, so they may say, “Oligarchs… ho hum”. Or they may stand their ignorance on its head, “Bernie Sanders is a millionaire, so why is he talking about #IncomeInequality in America?
A million seconds is about 11 days.
A billion seconds is about 32 years .
#OrdersOfMagnitude