A Tax On Income Inequality Itself

12/19/2011 09:30 am ET
  • IAN AYRES and AARON S. EDLIN New York Times

THE progressive reformer and eminent jurist Louis D. Brandeis once said, “We may have democracy, or we may have wealth concentrated in the hands of a few, but we cannot have both.” Brandeis lived at a time when enormous disparities between the rich and the poor led to violent labor unrest and ultimately to a reform movement.

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