Aggressive new taxes on wealth and finance could curb the sector’s influence

Evidence

Return income tax brackets to the levels seen during postwar prosperity. Expand the estate tax to eliminate the inequality of intergenerational wealth. Raise the capital gains tax. Enforce regulations against tax evasion. Establish international agreements to raise corporate tax. Enact sanctions against tax havens. Add new taxes such as a financial transaction tax, which would hobble the destructive influence of the financial sector, and a wealth tax, which would capture the passive wealth not recovered through income tax. — Andrew deWaard, Derivative Media, 462

Categorization

• XREF: connects to: Even modest income taxes can grow into transformative fiscal instruments — Lawrence M. Friedman, A History of American Law, 3227