LIST OF ILLUSTRATIONS

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1.1The Rise of Inequality in the United States, 1978–2018

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1.2The US Tax System: A Giant Flat Tax That Becomes Regressive at the Top

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1.3The US Flat Tax: Composition by Type of Tax

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1.4US Billionaires Now Pay Lower Tax Rates Than the Working Class

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2.1When the United States Taxed High Incomes at More Than 90%

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2.2The Average Tax Rate for the Rich under Eisenhower? 55%

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2.3The Key Role of the Corporate Tax for the Wealthy

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3.1The Rise of Tax Evasion among the Wealthy

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3.2“The Poor Evade, the Rich Avoid” . . . or Vice Versa?

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4.1The Slow Agony of the Corporate Tax

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4.2Paper Profits Are Moving to Tax Havens; Real Activity Less So

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5.1The Collapse of Capital Taxation

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5.2The Rise of Labor Taxation

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5.3The Upsurge in US Wealth Inequality

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5.4Capital Taxation and Capital Accumulation

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6.1The Rise of Multinational Profits

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7.1When America Taxed the Rich Heavily

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7.2One Possible Objective: Returning to the Tax Progressivity of the Truman-Eisenhower Era

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7.3The Wealth Tax: A Key Ingredient for a Progressive Tax System

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8.1From a Rising Tide That Lifts All Boats to One That Lifts All Yachts

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8.2The Plight of the American Working Class

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8.3A Wealth Tax to Limit the Rise of Inequality . . . or De-Concentrate Wealth?

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9.1The US Tax System: Flat . . . or Massively Regressive?

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9.2Funding the Social State of the Twenty-First Century

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9.3A Progressive Tax System for the Twenty-First Century