print this pagePayback: Why the Top 1% Must Invest in the Rest and How It Can Renew America is a book of fact and opinion. The facts are extracted from governmental and expert sources hyperlinked to the text, with several hundred sources listed in this database. The majority of the data for this book and inferences made by the author are based on data from the following primary sources:
- Bureau of the Census (Census) – https://www.census.gov/
- Bureau of Economic Analysis (BEA) – https://www.bea.gov/
- Bureau of Labor Statistics (BLS) – https://www.bls.gov/
- Congressional Budget Office (CBO) – https://www.cbo.gov/
- Department of the Treasury (Treasury) – https://www.treasury.gov/
- Federal Reserve System (FED) – https://www.federalreserve.gov/
- General Accounting Office (GAO) – http://www.gao.gov/
- Internal Revenue Service (IRS) – https://www.irs.gov/uac/tax-stats
- Joint Committee on Taxation (JCT) – https://www.jct.gov/
- Office of Chief Actuary of Social Security (Chief Actuary SS) – https://www.ssa.gov/oact/
- Office of Management and Budget (OMB) – https://www.whitehouse.gov/omb
- Organisation for Economic Co-operation and Development (OECD) – https://www.oecd.org/
For the chapter “What History Should Have Taught Us,” the author relied primarily on Plutarch’s Lives and Aristotle’s Politics, as well as years of reading the ancient history of Greece and Rome. As to an overriding lesson from history, he is especially mindful of Will Durant’s observation in several of his volumes in The Story of Civilization that the concentration of wealth and income in a few is natural and inevitable, but that if it gets out of hand, it can tear a society apart.
With respect to Chapter IV as it relates to the pre-20th Century American economy, government spending, and government taxing, comments were based on gleanings from two major sources including the Historical Statistics of the United States 1789-1945, as published online by the Bureau of the Census at https://www2.census.gov/, and The Tax History Project History of Taxation in the United States, as published online by The Tax History Museum online at http://www.taxhistory.org/.
Readers are invited to use this resource library to reach their own conclusions about U.S. tax policy and its social and economic implications. Each listing links to a downloadable PDF accessible via the menu on the sidebar of this page.