You Could Have a Wealth Tax Raising a Few Billion Or Major Reforms to Existing Taxes That Could Raise £100 Billion or More? Which Would You Prefer if You Wanted To Tackle Inequality?

Yves here. Richard Murphy makes a point in the UK context that applies just as well as in the US. As appealing as a wealth tax might sound, it simply is not an effective way to lower inequality. The …

https://www.nakedcapitalism.com/2024/01/you-could-have-a-wealth-tax-raising-a-few-billion-or-major-reforms-to-existing-taxes-that-could-raise-100-billion-or-more-which-would-you-prefer-if-you-wanted-to-tackle-inequality.html