Bridging Wealth Inequality

GREAT article in The New Yorker about how we got where we are and real solutions. Simple concept: anyone with a home already pays a wealth tax, otherwise known as property tax. Warren’s tax plan proposes taxing all wealth and these economists show how it can effectively be done. It will recoup some of the wealth the middle class has lost to the ultra-wealthy since the Reagan years, yet it will not stop their wealth from continuing to grow. There is room to be even more progressive after evaluating effectiveness. Income tax is only a drop in the bucket for bridging the gap and continues to hurt lower earners.

Read my other referenced articles on ways that the wealthy have unfairly extracted wealth from the middle class (including homes) and you might agree that bridging the gap is warranted, or at least that returning some wealth to the working class is justified.