Wanting the rich to pay more in taxes?

Published February 4, 2019

An article on CNBC about proposals that would increase taxes on the wealthiest families in the country interviews Matthew Dimick, professor of law. A high marginal tax rate “doesn’t seem to hurt economic growth and maybe even spurs it,” he said, adding that policymakers have crafted laws more often to fit the preferences of the rich, and inequality only exacerbates the problem. "Once you have concentrated economic power, that leads to concentrated political power, and that's pretty dangerous for democracy," he said.

 

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