Robert Frank: Reducing Income Inequality Through The Progressive Consumption Tax

12/07/2011 05:46 pm ET

By pulling a simple tax lever, we could reduce the costs of growing income disparities, while at the same time freeing up several trillion dollars of additional resources each year—more than enough to pay down the federal debt and rebuild our crumbling infrastructure—all without requiring painful sacrifices from anyone. This essay is adapted from Robert H. Frank's recently published book, The Darwin Economy.

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