Peter Orszag, Bloomberg Columnist, writes that in the hoopla over whether Thomas Piketty’s data on growing global inequality are correct, an important question about how to address the problem has been obscured. Piketty describes his own global wealth tax idea as more of a “useful utopia” than a practical policy suggestion. Is there anything more plausible that can be done?
This column discusses two suggestions, a consumption tax and an inheritance tax.
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.