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Annoyingly there is no source for the data in the article because the book that it is advertising doesn’t come out until next week. My guess is that the wealthi
by ggreer 7y ago
Annoyingly there is no source for the data in the article because the book that it is advertising doesn’t come out until next week. My guess is that the wealthiest 400 households don’t have much income to tax. Most of their wealth would be in investments, which if they hold on to long enough become taxed as long term capital gains (20% for the rich).
- fiter 7y agoDo you think the wealthiest 400 households have had a significant change in wealth/income makeup in the last 70 years? The article is highlighting that something has changed, and they are suggesting its tax policy not investment decisions.