As you know, income inequality is getting worse, low-income wages are not going up, so that component of housing has been declining in real terms.

众所周之,收入的不平等愈演愈烈,低收入者的工资不会上涨,因此以实际值计算的这部分成本是下降的

耶鲁公开课 - 金融市场课程节选

And even they agree income has gone up that remains untaxed, more important becasuse agriculture incomes are not that high and the moral case for taxing people who are not growing as fast as...is not that strong.

即使政府承认农业收入的,增加部分未征税，更重要的是,农业收入并不是很高,正常情况下不该向收入增长速度,低于农业收入增长速度的人群收税。

普林斯顿公开课 - 国际座谈会课程节选

We didn't even have income tax until 1913 when the Supreme Court allowed it, so it was zero, then it went up to 90%-- or actually it was 94% at the peak--and it came down to 15%.

直到1913年最高法院允许征收的时候,我们才开始征收所得税,开始税率是零,而后飙升到90%,然后它最高达到94%再降到15%

耶鲁公开课 - 金融市场课程节选