korrents

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More than half of the rise in the top 1% income share since 1985 came from pass-through business tax structuring, not tech or finance.

Drawn from what Brad DeLong said

innovation
What this subject means

innovation Where new things come from and how they spread: invention against diffusion, and being near the factory floor.

What Brad DeLong actually said

  1. Brad DeLong Economics professor at the University of California
    And more than half the rise in the top 1% share since 1985 flowed through the pass-through businesses that was a "tax efficiency innovation" feature of the Reagan Revolution.

Added to korrents 20 Sept 2026 · How quotes work · Something wrong? Tell us

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