THE WEALTH GAP IS ONE OF THE DEFINING ISSUES IN THE US RIGHT NOW, BUT PROPOSALS THAT PUNISH THE WEALTHY COULD BE FOCUSING ON THE WRONG PART OF THE PROBLEM

Sarah Rice/Getty Images Unequal recovery from the financial crisis may be behind increased hostility towards billionaires, Bloomberg columnist Noah Smith wrote in a column. And while a wealth tax may reduce billionaires' fortunes, it might not do anything to make the economy feel more fair to the middle class, Smith argued. While the idea of using a wealth tax to solve America's inequality problem has gained traction in recent year...

BusinessInsider (Date:11/29/2019 16:11) Read full article >>

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