Top economists Stiglitz and Piketty: The US needs a wealth tax on millionaires and billionaires
September 17, 2020 at 12:11 PM EDT
“A wealth tax is a good idea because we have so much inequality in wealth, even a moderate rate like 3% on billionaires and 2% on those over $50 million raises an enormous amount of revenue,” says Joseph E. Stiglitz, an American economist and a professor at Columbia University.