April 22, 2014

DANIEL SHUCHMAN: Thomas Piketty Revives Marx for the 21st Century: An 80% tax rate on incomes above $500,000 is not meant to bring in money for education or benefits, but ‘to put an end to such incomes.’ As Megan McArdle noted a while back, the threshold for “earning too much” is just above what a two-earner journalist or academic couple can plausibly make.

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