Raise the gift tax and income tax as well. High taxes on high earners is a good thing. It spurs investment, flattens the distribution of wealth and income, and

Raise the gift tax and income tax as well. High taxes on high earners is a good thing. It spurs investment, flattens the distribution of wealth and income, and spurs spending. Give a millionaire a million dollars and he’ll save it or “invest it”, inflating asset prices even further. Give a thousand people and thousand dollars and most will spend it, helping the economy.