October 3, 2019

The Fiscal Times: Would a Warren/Sanders Wealth Tax Kill the Economy?

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Steve Wamhoff, director of federal tax policy at the liberal Institute on Taxation and Economic Policy, said Wednesday cited the public investments that could be financed with revenues from the wealth tax, providing the economy with a much-needed boost. “Industrialized nations with thriving economies all over the world collect far more in tax revenue and invest far more in public goods than we do,” Wamhoff wrote Wednesday. “If we need to raise revenue, taxing the rich is a logical place to start given exploding income inequality and wealth inequality.”

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