Princeton economist Owen Zidar points to a growing class of “stealthy wealthy” Americans: private business owners who build wealth gradually. He argues U.S. tax cuts disproportionately help this group, while support for lower-income households shrinks—fueling inequality. Zidar also urges investment in the young for long-term prosperity and questions whether tariffs are a sound revenue plan.
New research challenges the widely cited pre-tax Gini coefficient of 0.61, arguing it overlooks how government welfare reshapes household resources. By factoring in benefits such as food and housing, the post-fiscal Gini is reported to fall dramatically, even approaching zero, reshaping how India’s inequality is understood and debated.
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