Evidence on Poverty Traps from Rural Bangladesh [pdf]

Re:Evidence on Poverty Traps from Rural Bangladesh [pdf] by shams93 on Tuesday December 29, 2020 @07:53AM (#25569276)

Then add in a tax system which aggressively taxes labor while leaving capital and inheritance untaxed, if we stopped taxing labor that might be enough to pull a whole chunk of labor out of poverty, just having work is no escape from poverty in a world of high rent and high income tax.

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Re:Evidence on Poverty Traps from Rural Bangladesh [pdf] by jayski on Tuesday December 29, 2020 @10:06AM (#25570354)

There is some truth to what you're saying, but also inheritance is massively taxed in most developed countries, especially in the US.

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Re:Evidence on Poverty Traps from Rural Bangladesh [pdf] by ModernMech on Tuesday December 29, 2020 @10:21AM (#25570530)

Estates are taxed at 0% up to $11 million dollars in the US. Moreover, that upper bound is indexed to inflation, unlike the minimum wage. I wonder why that is...

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Re:Evidence on Poverty Traps from Rural Bangladesh [pdf] by jayski on Tuesday December 29, 2020 @10:31AM (#25570643)

this is true, and 11 million dollars is a LOT of money. Id retire tomorrow if I had that kind of money.

But inheritance tax is 40% above that.

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