, Columnist
Constitution May Block Progressives on Wealth Tax
There are other ways to raise revenue for coronavirus relief.
It’s not so simple to tax all this.
Photographer: Eugene Gologursky/Getty Images
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Debates about the idea of a wealth tax are suddenly sounding a lot less hypothetical.
With massive expenditures related to the Covid-19 pandemic, the U.S. needs to find ways to raise revenue. And with the economic burdens of the calamity falling disproportionately on the less affluent, income inequality has only become more glaring. No wonder the call to target the richest has increasing appeal.