The Deduction A Big-Picture Look at Taxing the Wealthy
Taxing wealth has become a hot-button issue in today’s political discourse, promising to reshape economic equality. But what are the real-world implications of such policies? In this episode, we dive into the contentious world of taxing wealth, examine how a progressive tax system aims to balance fairness and revenue generation, and explore the potential impacts and broader implications for economic policy and social equity.
Garrett Watson, Senior Policy Analyst and Modeling Manager at the Tax Foundation, joins Kyle Hulehan to dissect the fundamentals of taxing wealth. They discuss the challenges of implementation, potential long-term consequences for the broader economy, and alternative policy options that could achieve progressivity while maintaining economic growth.
Links:
https://taxfoundation.org/blog/taxing-consumption-progressively-tax-the-wealthy/
https://taxfoundation.org/blog/federal-tax-code-progressive-rich/
https://taxfoundation.org/blog/us-pandemic-response-inequality-progressivity/
https://taxfoundation.org/research/all/federal/tax-fairness-funding-government-investments/
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