History Quote by Jane Mayer

Redistribution of wealth would require enormous amounts of investment. The only time an elite has accepted this has been during crises, such as in…

— Susan George

The U.S. is the country that invented progressive taxation of income and of inherited wealth in the 1910s and '20s.

— Thomas Piketty

“Indeed, self-focus would become a primary motivation of the Boomers’ neoliberal reforms after 1980, where retention of income took precedence over its partial redistribution…

— Bruce Cannon Gibney

“the Reagan years "produced one of the most dramatic redistributions of income in the nation's history....The income of families in the bottom decile fell…

— Thomas B. Edsall

“From the late 19th century until the 1970s, the advanced societies of the West were all becoming less unequal. Thanks to progressive taxation, government…

— Tony Judt

“this fear of growing to resemble Europe was part of the reason why the United States in 1910–1920 pioneered a very progressive estate tax…

— Thomas Piketty

“Many ordinary Americans believe that “large differences in income are necessary for America’s prosperity,” as one standard survey question puts it.18 However, economists who…

— Larry M. Bartels

“high taxation was not regarded in these years as an affront. On the contrary, steep rates of progressive income tax were seen as a…

— Tony Judt

“Two trends are primarily responsible for today’s hyperconcentration of wealth inAmerica— the collective decisions over time by America’s corporate power elite to take a…

— Hedrick Smith

The modern economy isn't about the redistribution of wealth, it's about the redistribution of time.

— Douglas Coupland

“The share of income going to the rich remained remarkably constant from the mid-1940s through the 1970s and then began to escalate rapidly. For…

— Larry M. Bartels

“Probably no country has ever had as large a shift in the distribution of wealth [as what we've seen in the U.S. in the…

— Lester Thurow