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Can we make the super-rich pay more tax?
The Inquiry
The Biggest Problem With the Wealth Tax
Allison says aiming a new tax at the super rich would also do more harm than good in the wider economy. Some business owners might end up using funds that could have benefited their firms to pay it, and that shortfall could stifle creativity. And she says there's another fundamental issue to solve. The biggest problem with the wealth tax is just so hard to implement because what is wealth before it could be collected?
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