Joseph Stiglitz, the Nobel prize-winning Keynesian economist, has called for the super-rich to be subjected to taxes as high as 70% to help tackle widening inequality.
Stiglitz said that while an increase in the top rate on income would help lead to a more equal society, introducing wealth taxes on the fortunes accumulated by the world’s wealthiest over many generations would have an even bigger impact. as “very reasonable” and said they “would really go a long way to raising revenues that could alleviate some of our country’s problems”.
Send Hugo Stieglitz after them.
extreme inequality generates the political fracture in US By taxing more our society gains in having a more egalitarian, cohesive society The mantra of both LNP &Labor have been tax cuts till 2030 Magic with NDIS costing $40bils
France did it under Mitterand then all the wealthy fled to Geneva n Cayman island