Question
Thomas Piketty's recent book on Capital has fueled the present discussion on wealth inequality, which seems to be headed the way of 18th Century France...and
Thomas Piketty's recent book on "Capital" has fueled the present discussion on wealth inequality, which seems to be headed the way of 18th Century France...and we know how that ended.
What way(s) might be used effectively to mitigate or reverse this polarization without causing absolute panic amongst the very rich and causing the markets to crash (which hurts everyone, eventually)?
Raising Capital gains taxes to ordinary income levels | ||
Change the estate tax laws to insure that most money gets recycled; offer tax credits for certain philanthropy; modestly increase marginal rates at upper levels and decrease rates at middle levels. | ||
Break up the Big Banks | ||
Impose Tariffs on goods from China | ||
Increasing the marginal tax rates at the high income levels, perhaps up to the 95% confiscatory taxes we saw after WWII. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started