Goke Pelemo

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In the United States, perceptions are very different. In a sense, a (white) patrimonial middle class already existed in the nineteenth century. It suffered a setback during the Gilded Age, regained its health in the middle of the twentieth century, and then suffered another setback after 1980. This “yo-yo” pattern is reflected in the history of US taxation. In the United States, the twentieth century is not synonymous with a great leap forward in social justice. Indeed, inequality of wealth is greater today than it was at the beginning of the nineteenth century. Hence the lost US paradise is ...more
Capital in the Twenty-First Century
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