Assignment task:
Podcast: #302 - Income Tax and Inequality in US History posted at spreaker
Listen to the podcast.
Listen to how inequality (concentration of wealth) has changed in the U.S. over time. Also listen to how this inequality relates to differences in income taxes (who pays taxes and how much they pay).
Q1. Discuss how inequality in the U.S. has changed over time? Has it increased or decreased? When did that happen?
Q2. Discuss the relationship between income taxes in the US and inequality. Who pays income taxes and how much? It is equal how much people pay?
Q3. What conclusions do the podcast speakers come to? What do they say about what happens when the wealthy pay more "marginal" taxes? How do income taxes impact economic growth and inequality?