The Political Economy of an AntiRent-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.
Real Returns to Shareholders
(annual averages)
12
10
8
Percent
6
4
2
0
1955-65
1965-75
1975-85
1985-95
1995-05
-2
-4
Source: Shiller 2016 and author’s calculations.
2005-15
Table 1
Full Employment Policy
Gains from Restructuring Markets
(billions of 2016 dollars)
Low
High
1,115
2,300
Eliminating Financial Sector Waste
460
636
Ending Patent/Copyright Monopolies
217
434
90
145
100
200
1,982
3,715
Reforming Corporate Governance
Ending Protection in Highly Paid Professions
Total
Source: Author's calculations, see text.