Yes, taxing the rich is possible [The New York Times]
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Source: The New York Times
Opinion | Yes, Taxing the Rich Is Possible - The New York Times This article is part of David Leonhardt’s newsletter. You can sign up here to receive it each weekday. For a long time, there was a predictable response to any proposal for increasing taxes on the rich: It will wreck the economy. false grown more quickly Instead, you often now hear a new argument: There’s no point in trying to tax rich people, because they’ll just figure out a way to avoid paying taxes. The Washington Post ran a big news article The Times [ Listen to The Argument” podcast every Thursday morning, with Ross Douthat, Michelle Goldberg and David Leonhardt. ] But this claim is wrong, too. The long history of American policymaking actually shows that raising taxes on the wealthiest taxpayers is entirely possible. Nonetheless, I expect you’ll hear the cynical taxing the rich is impossible” case a lot in coming years, especially if a future president does try to enact a major tax increase on the wealthy. Lobbyist
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