Chasing wealth and income, present and past, onshore and offshore.
https://gabriel-zucman.eu
https://www.taxobservatory.eu
Gabriel Zucman is a French economist who is currently a chaired professor at the Paris School of Economics, a summer research professor of public policy and economics at the University of California, Berkeley's Goldman School of Public Policy, and the director of the EU Tax Observatory in Paris. .. more
Reposted by Gabriel Zucman
Wat mij betreft een absolute aanrader voor iedereen die geïnteresseerd is in ongelijkheid, belastingen en onze democratie.
Reposted by Steffen Mau, Gabriel Zucman
This time, California could lead a global movement for tax justice, proving that the world’s wealthiest can, at last, be made to pay a little bit of tax.
/end
+7.5% on average per year over the last 40 years, net of inflation
In the US, the 400 wealthiest families owned the equivalent of 2% of GDP in wealth in 1982
Today, they own about 20% of US GDP in wealth
There are about 200 such people in California.
The tax would raise about $100 billion.
that's perfectly fine! 🧵
Reposted by Gabriel Zucman, Dominique Meurs, Caroline Robion‐Brunner
open.substack.com/pub/gabrielz...
Reposted by Gabriel Zucman
Et de ma fille de 11 ans.
Rien a foutre.
ILO, which along with WIL has the most comprehensive treatment of hours worked, has a 13% gap between US and EU27 (and virtually 0 with core EU)
ilostat.ilo.org/topics/labou...
Reposted by Justin H. Kirkland
The key priority should be to invest massively in education, universities, research, public infrastructure, and energy transition
The key to its future productivity and prosperity
/end
Reposted by Philippe Quirion
The EU can be proud of its development model, and the Trumpists (and European conservatives that echo them) should keep it down a bit
Because neither ILO, OECD, WIL, etc. subtract the depreciation of natural capital
The US produces $81 of gross output per hour, but at a particularly high cost for the planet
The EU27 produces $71 of gross output per hour, but with dramatically less carbon emissions
More importantly, all of these numbers over-estimate the productivity gap between US and EU27:
There is in fact a good case to be made that EU27 is more productive
WIL focuses on net output (GDP minus capital depreciation)
This is more meaningful: producing assets that depreciate fast is not particularly productive