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There must be a more progressive structure of local taxation in Britain.
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His no-new-taxes pledge sounds good for now, though it will soon be time to consider a fairer, more progressive tax structure for everyone.
Bring back a more progressive tax structure that existed even as recently as the Clinton era.
However, a more progressive tax structure will be insufficient to accomplish the necessary rebuilding of the middle class.
Hedge fund managers (who are major contributors to both Clinton and Obama) and wealthy corporate interests will fight a more progressive tax structure.
There's a pretty strong consensus among all but the most ideologically conservative economists that the solution would involve considerable public investment in education, infrastructure, and green energy, new policies to promote domestic manufacturing, more activist regulation of the financial industry in particular, and a more progressive tax structure.
We hypothesize that states with more progressive tax structures are more vulnerable to economic downturns, and that progressivity and income volatility may interact to amplify the recession's fiscal impact.
Moreover, volatility may be magnified in states with more progressive tax structures, as bigger changes in the tax base at the top end are amplified by higher tax rates applied to that income.
"We need to promote a shared prosperity through policies that narrow the income gap, like strengthening investments in education and implementing a more progressive income-tax structure".
Anti-tax crusaders sometimes brand proposals to make the tax structure more progressive as class warfare based on envy.
But the most interesting bit of the study is their finding that these changes would make the tax structure more progressive – increasing the tax burden on Americans with the highest incomes.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com