Institute a Wealth Tax

Copyright

2021

Published Date

04/16/2021

Published By

Well Being In the Nation Network

A wealth tax would tax the highest-income individuals and families whose total wealth falls above a certain amount. They would pay taxes on monetary assets and physical assets such as real estate and luxury goods. Most of the wealth in the United States is held in the hands of a few. A wealth tax would be one way to redistribute wealth and balance the scale in favor of individuals and households that are low- and middle-income.