Even as they became fabulously wealthy, the rich have seen their taxes collapse to levels last seen in the 1920s.
Meanwhile working-class Americans have been asked to pay more.
The Triumph of Injustice is a forensic investigation into this dramatic transformation.
Emmanuel Saez and Gabriel Zucman, economists who revolutionised the study of inequality, demonstrate how the super-rich pay a lower tax rate than everybody else.
In crystalline prose they dissect the deliberate choices and the sins of indecision that have fuelled this trend: the gradual exemption of capital owners; the surge of a new tax-avoidance industry and, most critically, tax competition between nations.
It is not too late to change course.
Instead of competition, we could choose cooperation, finding ways to create a tax regime that serves universal, democratic ends.
The Triumph of Injustice offers a visionary and practical reinvention of taxes for that globalised world.
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| Trend | The gradual exemption of capital owners |
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