Averages taxes (Fed, state, local) as share of income in the US was steeply progressive in 1950. By 2018 it had become staggeringly flat with top 400 paying least of all! Saez and @gabriel_zucman endorsed by @PIIE
piie.com/microsites/how… https://t.co/1R9QKg4QZb
By contrast with life insurers, US public pension systems have shifted away from fixed-income securities as interest rates fell. Moodys
By contrast with life insurers, US public pension systems have shifted away from fixed-income securities as interest rates fell. Moodys via daily shot newsletter from