Trump Says a Recession Would Be Worth It, but Economists Are Skeptical
www.nytimes.com
President Trump and his advisers say his policies may cause short-term pain but will produce big gains over time. Many economists are skeptical of those arguments.
  • jacksilver@lemmy.world
    1·
    17 hours ago

    Because most of the 1% wealth isnt in the form of wages (hence why people say working class vs wealthy sometimes).

    Sure you could increase the income brackets, but I think (would need to double check) that wealth tax would make a larger impact.

    • AA5B@lemmy.world
      1·
      7 hours ago

      Sure, but we know income taxes work, we have a mechanism for collecting them, and we already have a ladder of brackets that are completely logical to extend.

      While I’m also for some sort of wealth tax, I think that will be much harder to even define, much less implement. There are a lot of loopholes that need to be plugged, an entire industry for the purpose of finding those loopholes, and no objective way to even quantize unrealized gains