The Political Economy of an Anti-Rent-Seeking Equality Agenda

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Presentation transcript:

The Political Economy of an Anti-Rent-Seeking Equality Agenda Presentation at LERA meetings at ASSS, January 6, 2017 Dean Baker

Capital Share of Corporate Income Source: BEA and author’s calculations.

Income Share of the Top 1 Percent Source: Saez 2016.

Source: Shiller 2016 and author’s calculations.

Table 1 Gains from Restructuring Markets (billions of 2016 dollars) Low High Full Employment Policy 1,115 2,300 Eliminating Financial Sector Waste 460 636 Ending Patent/Copyright Monopolies 217 434 Reforming Corporate Governance 90 145 Ending Protection in Highly Paid Professions 100 200 Total 1,982 3,715 Source: Author's calculations, see text.