If the court finds for the Moores in Moore v. United States,, their reasoning could both invalidate existing tax law and block new proposals to tax wealth or income from wealth, further entrenching existing inequities.
Researchers predict the racial wealth gap will take hundreds of years to close—and that is if the right policies are enacted. The U.S. Supreme Court case Moore v. United States, already a cause for concern for people who care about fair taxes, could create more barriers for racial equity advocates working to improve the economic conditions for people of color.
Chief Justice John Roberts and Justice Alito together have personal stock in 19 companies that could receive over $30 billion in tax breaks from this case, according to a recent ITEP-Roosevelt Institute report. Without ethics rules, this unrestricted access to the court and potential conflicts of interest continue to threaten the credibility of the court. A ruling that Congress can generally tax income only when it is “realized” would make it particularly difficult to tax income from wealth.
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