By SIMON CONSTABLE
New research suggests that some politicians may have been barking up the wrong tree when it comes to battling income inequality.
Take for instance, Bernie Sanders, the former left-wing candidate for U.S. president who in 2015 said that a 90 percent top income tax rate on the wealthy would not be too high. His idea was to reduce income inequality and he cited the eye-watering tax rates as the right way to do it. Plenty in the media rushed to his defense.
The problem is that the evidence from the real world doesn’t support such assertions. Read more here.
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