The Triumph of Injustice
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Even as they became fabulously wealthy, the rich have seen their
taxes collapse to levels last seen in the 1920s. Meanwhile
working-class Americans have been asked to pay more. The Triumph of
Injustice is a forensic investigation into this dramatic
transformation.Emmanuel Saez and Gabriel Zucman, economists who
revolutionised the study of inequality, demonstrate how the
super-rich pay a lower tax rate than everybody else. In crystalline
prose they dissect the deliberate choices and the sins of
indecision that have fuelled this trend: the gradual exemption of
capital owners, the surge of a new tax-avoidance industry and, most
critically, tax competition between nations. It is not too late to
change course.Instead of competition, we could choose cooperation,
finding ways to create a tax regime that serves universal,
democratic ends. The Triumph of Injustice offers a visionary and
practical reinvention of taxes for that globalised world.
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