There are basically only five ways to accumulate a billion dollars, and none of them has to do with being successful in free market capitalism.
wealth tax
Posted inEconomic Policy
Gabriel Zucman Explains How the Rich Get Richer
A French economist finds that America’s tax structure lies at the heart of inequality.
Posted inMoney, Politics, and Power
The Billionaire Class Created Their Own Wealth Tax. It Failed.
The folly of voluntary charity as a substitute for government tax and transfer policies is most evident in the story of the Giving Pledge.
Posted inTAP
How a Wealth Tax Would Increase—Not Decrease—Investment
Today on TAP: As wealth has concentrated, investment has declined
Posted inEconomic Policy
The Shaky Case Against Wealth Taxation
Contrary to the skeptics, taxing wealth is both feasible and constitutional. It’s also the most progressive form of taxation available.
Posted inEconomic Policy
What Taxing the Rich Could Yield
America’s 15 wealthiest families are worth a combined $618 billion. That’s not good for our economy—or our democracy.
Posted inMoney, Politics, and Power
How to Restore Taxes on Inheritances
With the estate tax further weakened, is it time to pivot to an inheritance tax?