BUSINESS

America's Taxation Tradition

Nobel Prize-winning Economist Paul Krugman, professor of international trade and economics at Princeton University, speaks du
Nobel Prize-winning Economist Paul Krugman, professor of international trade and economics at Princeton University, speaks during a Bloomberg Television interview in New York, U.S., on Monday, Jan. 28, 2013. Krugman discussed the performance of bonds, Fed monetary policy, and the U.S. economy compared with that of Japan. Photographer: Scott Eells/Bloomberg via Getty Images

As inequality has become an increasingly prominent issue in American discourse, there has been furious pushback from the right. Some conservatives argue that focusing on inequality is unwise, that taxing high incomes will cripple economic growth.

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