Wealth tax in US won't solve inequality

There has been much written lately about imposing an explicit wealth tax, as well as higher income taxes, on the richest Americans.

Several Democratic presidential contenders, most notably Ms Elizabeth Warren, have called for a wealth tax and it has been embraced by more than a few members of the very group that would be hit hardest by such a levy.

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A version of this article appeared in the print edition of The Straits Times on August 08, 2019, with the headline 'Wealth tax in US won't solve inequality'. Subscribe