Economics
U.S. Needs to Raise Taxes to Fight Poverty, Nobel Laureate Says
- MIT’s Abhijit Banerjee says the U.S. is ‘extremely undertaxed’
- Banerjee was a co-winner of the 2019 Nobel prize in economics
People walk in Skid Row after new school supplies were donated in Los Angeles, California.
Photographer: Mario Tama/Getty Images
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The U.S. needs to raise taxes considerably if it’s going to tackle poverty, according to Abhijit Banerjee, a winner of this year’s Nobel prize in economics.