Taxing America’s Wealthy: Theme of the Week
Here’s what led Bloomberg Opinion coverage this week.
Hold that thought ...
Photographer: Simon Dawson/Bloomberg
Senator Elizabeth Warren has proposed a wealth tax. Representative Alexandria Ocasio-Cortez wants to impose a 70 percent marginal tax rate. Republicans say Democrats’ push to get the country’s wealthy to pony up more in taxes to finance a progressive agenda isn’t going to fly. And Democratic lawmakers and voters want to address how to help America’s working class narrow the widening chasm between the haves and the have-nots, while also maintaining a dynamic economy. Bloomberg Opinion’s writers brought a hefty amount of expertise this week to an issue that will continue to dominate economic and political discussions.
Resentment of the Wealthy Is Not a Policy – Tyler Cowen