Surprise! When the rich get richer, taxes go lower
In this article Dylan Matthews shows that “the share of income in the U.S. held by the top one percent has grown considerably in recent decades”. However, this is not the case in other countries. In particular, by referring to this work, Matthews argues that the countries where inequality grew the most are those that saw the biggest cuts in top marginal tax rates for wealthy earners. Is this surprising? Not really. Still, the mechanism behind this is not clear at all.