Taxing the Rich Starts With Knowing Who They Are
Not all the rich are created equal, and it will take different policy approaches to redistribute some of their wealth.
When we talk about the wealthy, who are we really referring to? Is it the billionaires on private jets? The neighbors up the street who seem to always have the flashiest new cars and exotic vacation photos?
This election season, a number of candidates have floated proposals to tax the wealthy to address extreme inequality and finance new spending programs. Often left unsaid is which segment of the wealthy they’re referring to and why taxing the very rich is necessary for everyone to prosper, both to raise revenue and put a brake on the undemocratic concentration of wealth and power. The truth is we need these taxes on the rich, now more than ever. To get t...