inequality, and polarization in policy preferences. The main innovation lays in the political process determining capital … lower capital taxes, to the benefit of both themselves and economic growth. The model's equilibrium dynamics features … balanced growth path, characterized by constant taxes and lobbying (and a constant growth rate of consumption and capital …

This paper presents a comprehensive analysis of the role of capital taxation in advanced economies with a focus on the … Swedish experience. We synthesize the existing theoretical literature, present facts about the capital stock and its … distribution, review current capital tax practices and empirical findings regarding their effects on economic activity. The paper …

Polish experience and is also consistent with recent work in growth theory which suggests that redistribution that reduces …

Defining the 'global middle class' as being neither poor nor rich in the developed world, we estimate the size of the …