Inequality: American Buy, Borrow, and Die vs. Scandinavian Wage Compression
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Inequality: American Buy, Borrow, and Die vs. Scandinavian Wage Compression
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About this listen
Wealthy Americans are able to avoid taxes through an accounting strategy known as “buy, borrow, and die.” It’s why Donald Trump is able to pay as little as $0 in federal income taxes some years. But, as Peter and Paul discuss, it turns out that the strategy might work differently than researchers used to think.
Then, in the second half of the show, they discuss a surprising finding about income equality in Scandanavia, which isn’t a product of any of popular progressive redistribution policies like welfare benefits or parental leave. Rather, it’s because of significant wage compression and reduced income for highly educated workers.
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