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.
2020-02-02 10:31:00 Sunday ET
Our proprietary alpha investment model outperforms the major stock market benchmarks such as S&P 500, MSCI, Dow Jones, and Nasdaq. We implement
2019-04-21 10:07:54 Sunday ET
Central bank independence remains important for core inflation containment in the current age of political populism. In accordance with the dual mandate of
2017-04-07 15:34:00 Friday ET
Would you rather receive $1,000 each day for one month or a magic penny that doubles each day over the same month? At first glance, this counterintuitive
2019-08-06 07:28:00 Tuesday ET
Former basketball star Shaq O'Neal has almost quadrupled his net worth once he learns and applies an ingenious investment strategy from Amazon Founder J
2017-03-15 08:46:00 Wednesday ET
The heuristic rule of *accumulative advantage* suggests that a small fraction of the population enjoys a large proportion of both capital and wealth creatio
2019-09-09 20:38:00 Monday ET
Harvard macrofinance professor Robert Barro sees no good reasons for the recent sudden reversal of U.S. monetary policy normalization. As Federal Reserve Ch