Saturday, February 27, 2010

Tax Policy - President Obama vs. Joe the Plumber

In microeconomics we're just now going through the chapter on tax incidence. We're also taking a quick look at tax fairness which we'll return to later when we cover income distribution. As luck would have it, Greg Mankiw has just presented a paper on tax fairness and income distribution. It's a good read. It contains some useful background information (facts) on income distribution and how that has changed over time. It also covers the differing philosophies of utilitarianism and "just deserts."

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