Fellow, Economic Studies, Center on Children and Families
U.S. Economic Performance
Opportunity and Well-being
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July 16, 2013
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December 11, 2012
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RT @AndrewPKelly: "Hey middle class person saving $ in 529: I know you benefited from tax break, but rich people benefited more, so we have to tax all of u."
If response 2 my tweet abt Obama anti-occ licensing proposals any indicator, candidate most creative here gets leg up w all-imp wonk vote
Obama budget to include anti-occupational licensing measures http://t.co/dLnzY47UO7
RT @crampell: The epic all-female ‘Ghostbusters’ cast Chosen: Kristen Wiig, Melissa McCarthy, Kate McKinnon, and Leslie Jones. http://t.co/KePwt43NJp
RT @HertogFDN: Learn from @MQ_McShane, @swinshi, @KSoltisAnderson, DiSalvoCCNY, & @adamjwhitedc at Econ Policy Studies. Apply now: http://t.co/Y2pyZP9YZk
@Noahpinion @WilcoxNMP change it to "not great" and I'm with you
Have 91% of Gains During the Recovery Gone to the Top? Second entry in my Inequality & the Middle Class series http://t.co/M5ne7iVQSk
RT @normative: The online responses to this make me wonder if Chait hired a team of satirists to underscore his point... http://t.co/9qijL1VZYi
Do you miss the Chart of Doom debate? I sensed you might. Another look at the share of gains going to the top...coming...
@Roy_Frontier read that tweet as "no..." rather than "no,..."
@Roy_Frontier I don't think we disagree
Might be because share of gains going to top falls from 91% to 76% if use 2009-13.
Why does Saez report share of gains going to top "during recovery" using '12--which he notes had inflated incomes @ top--as end pt vs '13?
@Roy_Frontier no Social Security is included in the Saez estimates (no transfers)
@Roy_Frontier also, it's pre-transfer income but the elderly are included (heavily dependent on Soc Sec, little pre-tax income)
@Roy_Frontier only part of it. Tax units are poorer than hhs, partly because of that, partly because roommates & cohabitors are separate TUs
This isn't a debatable point-- you can't use the Piketty/Saez data to characterize the bottom 90 or 99%. Grossly mischaracterizes hh trends
Piketty & Saez continue to CHOOSE to describe bottom-99% trends as being for "families" w/o noting how diff Census Bureau trends are
I don't recall Saez mentioning in last year's summary that the '12 inequality estimates were too high due to the tax shifting. 2/2
Saez summary of latest figures leads by downplaying ineq drop due 2 tax changes that inflated '12 share. 1/2
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