#158: The Fight Against Income Inequality Ft. Emmanuel Saez

Income inequality in the U.S. has reached a five-decade high, according to data from the Census Bureau. Debates over why this is happening and how to address it have taken center stage in the Democratic debates, with Senators Bernie Sanders and Elizabeth Warren calling for a wealth tax while other candidates are pushing back. Emmanuel Saez joins Julian Zelizer in this week’s episode to discuss the erosion of the progressive tax system, which Saez and co-author Gabriel Zucman detail in their new book, “The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay.” While the individual income tax is still progressive, Saez argues that other taxes, such as the sales tax and payroll taxes, make the tax system regressive as a whole. Saez is a professor in the Department of Economics and the director of the Center of Economic Growth at the University of California, Berkeley. Prior to joining the Berkeley faculty, he was an assistant professor of economics at Harvard University. His research focuses on taxation, redistribution, and inequality. Jointly with economist Thomas Piketty, Saez has constructed long-run historical series of income inequality in the U.S. that have been widely discussed in the public debate.