Fortune: It’s Too Easy for the Ultra-Rich to Pass Down Wealth. Here’s How to Fix That

The first is to tax extreme wealth directly—specifically, with a 1% tax on the assets of the wealthiest 0.1% of households, those with assets greater than $20 million. Such a wealth tax would raise nearly $1.9 trillion over the next 10 years, according to forthcoming research from the Institute on Taxation and Economic Policy that was shared with me. Read more