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Title Statement | Against inequality: the practical and ethical case for abolishing the superrich / Tom Malleson. |
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Alternative Title(s) | Practical and ethical case for abolishing the superrich |
Author | Malleson, Tom |
Publication | New York: Oxford University Press,[2023]©2023 |
Extent of Item | 335 pages |
ISBN | 9780197670408 (trade paperback) |
Other Number | pr07268161 |
Contents | Introduction --Is it Feasible to Reduce Inequality? Income Tax and Market Regulations --Is it Feasible to Reduce Inequality? Wealth Taxes and Tax Havens --Should We Aim for High Taxes and Low Inequality? Weighing Costs and Benefits --Do Rich People Deserve Their Income? --Do the Skilled and Hard Working Deserve More Than Others? --Does Voluntary Exchange of Private Property Justify Inequality? --How Much Inequality is Acceptable? The Case for Maximum Limits on Income and Wealth --Conclusion. |
Bibliography | Includes bibliographical references and index. |
Summary | "Elon Musk, the CEO of Tesla and the richest person in the world, currently possesses $270 billion dollars. An average American worker would have to work for seven-and-a-half million years to earn this much. To put the matter the other way round, the total amount of money that a typical American will earn in their whole life-after, say, forty years of work-is the same as would be earned by Musk in just fourteen minutes. During the first six months of the COVID-19 pandemic, 250,000 Americans died and 20 million lost their jobs in the worst economic crisis since the Great Depression, yet the country's 614 billionaires saw their wealth actually increase by a third, from $2.95 trillion to almost $4 trillion (Manjoo, 2020). Across the world, the richest eight individuals possess the same amount of wealth as half the entire planet--three and a half billion people (Oxfam, 2017). Never across the entire expanse of human history has such a level of inequality been seen before"-- |
Subjects & Genres | |
By Topic | Income distribution |
Income tax | |
Rich people | |
Tax evasion | |
Wealth |