Source: New Economics Foundation | By Fernanda Balata and Hollie Wright
It has long been accepted that there is a line beneath which people have too little to thrive or survive. In a period defined by rapidly growing wealth inequities, there is increasing discussion about whether we should also be asking how much is too much.
Raising taxes on the rich is not only necessary — it’s popular! Yet, we continue to see a gap between this overwhelming support for making the rich pay what they owe and more progressive tax policy becoming the law. In order to build support for a progressive tax system our latest research project at the Excessive Wealth Disorder Institute sought to answer the question: How do we get more Americans to support taxing the rich?
As we stand in the wake of the most recent presidential election, we can reflect on the lessons to be learned. One thing EWDi is reflecting on is how to create an economic system that includes more of us in the promise of shared prosperity.
