A number of Democratic politicians—and some economists including Paul Krugman—have recently advocated substantially higher income tax rates on high-income Americans. The current top federal tax rate on income is 37 percent for married people filing jointly, and it applies to all taxable income over $612,350. The highest state income tax rate in the United States is in California, where it is 13.3 percent on taxable income over $1 million. Thus, the highest-income people in California lose over half of their incremental income to the government. 

The Federal Reserve and other major central banks are right to rethink their plans to tighten monetary policy in 2019 as global growth slows, according to the investors and former policymakers attending the Davos summit.

Hoover Institution fellow Raghuram Rajan talks about how India needs to move towards a more job-creating economy, all the growth will go for nothing if India does not create good jobs.