The smartest way to make the rich pay is not a wealth tax
7/23/21
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from The Washington Post,
7/21/21:
Shrinking the wealth gap calls for a two-pronged attack: offer more opportunity to those at the bottom and trim the undue advantages of those at the top. In this editorial, we address the latter issue by discussing how best to tax the rich. The smartest approach is the one endorsed in 2018 by economists at the Organization for Economic Cooperation and Development (OECD): significant, broad-based taxes on capital gains, coupled with similarly efficient levies on transfers of wealth through gifts and inheritance.
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