2019-02-03 13:39:00 Sun ET
technology social safety nets education infrastructure health insurance health care medical care medication vaccine social security pension deposit insurance
It can be practical for the U.S. to impose the 2% wealth tax on the rich. Democratic Senator Elizabeth Warren proposes a 2% wealth tax on the richest Americans with more than $50 million in total assets. For the even richer Americans with more than $1 billion total assets, the wealth tax should rise to 3%. This radical tax proposal may help raise almost $2.5 trillion to $3 trillion in a decade, although this proposal affects less than 0.1% of U.S. households in accordance with the fiscal estimates of Berkeley economic advisor Emmanuel Saez. On one hand, this wealth tax can help reduce economic inequality in America by closing the wealth gap between the rich and the middle class. At the same time, this wealth redistribution can promote better social mobility as the rich Americans may then find it difficult to transfer their economic advantages to the next generation via education, business ownership, and political power.
On the other hand, the wealth tax proposal can help fight tax evasion by wealthy Americans who might choose to renounce their U.S. citizenship by tunneling funds abroad. The proposal is now subject open debate and controversy as the American consensus tilts toward progressive taxation.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2020-08-19 10:32:00 Wednesday ET
Corporate strategies, portfolio choices, and management memes add value and drive business process improvements over time. Andrew Campbell, Jo Whitehead,
2018-03-01 07:35:00 Thursday ET
Trump imposes high tariffs on steel (25%) and aluminum (10%) in a new trade war with subsequent exemptions for Canada and Mexico. The Trump administration&#
2023-02-21 08:27:00 Tuesday ET
Mark Granovetter follows the key principles of modern economic sociology to analyze social relations and economic phenomena. Mark Granovetter (2017) &
2019-05-15 12:32:00 Wednesday ET
The May administration needs to seek a fresh fallback option for Halloween Brexit. After the House of Commons rejects Brexit proposals from the May administ
2020-04-24 11:33:00 Friday ET
Disruptive innovations tend to contribute to business success in new blue-ocean markets after iterative continuous improvements. Clayton Christensen and
2019-08-07 12:33:00 Wednesday ET
Conor McGregor learns a major money lesson from LeBron James. This lesson suggests that James spends about $1.5 million on his own body each year. The $1.5