Dean Baker: Bezos proposal would not impact bottom 40 percent who pay no income tax

Dean Baker: Bezos proposal would not impact bottom 40 percent who pay no income tax
Bezos plan misses bottom 40 percent

Dean Baker asserts that the bottom 40 percent of earners pay no income tax, meaning proposals by Jeff Bezos would not benefit this group.

He adds that the revenue Bezos proposes to forego could instead provide tens of millions of people with healthcare or childcare.

Baker has recently noted that one country’s economy is growing at twice the rate of the U.S., citing a notable disparity in growth patterns in recent analysis. In another article, he argued that fears about artificial intelligence causing mass unemployment are overstated and described capitalism as efficient at producing waste, according to his commentary on AI and labor markets. These views inform Baker’s continued focus on disparities in economic benefit distribution.

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