Skip to main content

View Diary: Robert Reich Gets It Right (171 comments)

Comment Preferences

  •  The wealth tax mentioned as point #2 (1+ / 0-)
    Recommended by:
    redlum jak

    would likely require a Constitutional Amendment. Most constitutional scholars believe that to implement a wealth tax in the US it would require a Constitutional Amendment, just like the 16th Amendment was required to implement the US federal income tax.

    It is interesting to note that several European countries have a wealth tax. Wealth taxes were more popular in Europe but several of the countries abandon them because over the long term they led to capital flight, lower GDP growth and lower overall tax revenues.

    "let's talk about that"

    by VClib on Tue Nov 13, 2012 at 06:04:18 PM PST

    [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site