This book provides a historical understanding of current debates over tax reform and offers a comparative framework for discussing the relationship between fiscal policy and the distribution of income and wealth. Topics covered include the evolution of income taxation since World War II; the...

Our ability to forecast degrades rapidly the further out we predict. Even if we do manage to accurately forecast an event, the magnitude and consequences of that event usually astonish us. On the rare occasion where we manage to accurately forecast the event, its magnitude and consequences, our...