Friday, November 30, 2012

Joshua Wojnilower — Furthering the Post-Keynesian View of Wealth and Income Concentration

Though I support the government’s ability to offset private sector deleveraging with budget deficits, I find it troubling that more specifics on the distribution of funds and current tax laws are often omitted from the discussion.
Bubbles and Busts
Furthering the Post-Keynesian View of Wealth and Income Concentration
Joshua Wojnilower

Michael Hudson has been addressing this for some time and recommends taxing away economic rent — land rent, monopoly rent and financial rent — while leaving gains from productive contribution alone.

2 comments:

DaRkJaWs said...

See my comment there.

Joshua Wojnilower said...

Tom,

Thank you posting this link.

I'm currently reading Hudson's "The Bubble and Beyond", though only a couple chapters in. He certainly does address these issues and appears to be a good resource. Maybe his work can be a jumping off point for further discussion.