Great thread on income inequality US vs EU:
1. Pre-tax: US much more unequal
2. Tax: The US tax system much more progressive (!)
3. Post-tax: tax system not progressive enough to reverse huge inequality gap

Conclusion: It is about pre-distribution, not redistribution.
RT @amorygethin: So happy to see our article forthcoming at AEJ: Applied 🥳 This was the very first paper I ever worked on, quite a journey since we started collecting data in 2017 with @thomas_blnc…

🐦🔗: https://n.respublicae.eu/lugaricano/status/1602448248924524544