Taxing the Top
In a world in which some people keep getting way more than they need, while others can hardly get by, Robin Hood starts to look better and better.
Berkeley economics and public policy prof Emmanuel Saez was awarded the John Bates Clark medal last week. The award recognizes his groundbreaking work showing that, contrary to standard economic thinking, income inequality in the United States has been rising steadily for the past thirty years.
For more on the general topic, see James Cypher's article "Slicing Up at the Long Barbeque" in Dollars & Sense from January/February 2007 that cites Saez's work.
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Congratulations professor Saez, and please keep up the good work.