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By Bilal Hafeez 30-07-2019

Could A Wealth Tax Work? (Planet Money, 22 min listen)

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(You can listen to the podcast by clicking here) Last week, we discussed the severely widening gap in US inequality . The data we based this on, it seems, has caught Senator Elizabeth Warren’s eye and she is proposing a new measure of redistributing wealth – a policy taxing accumulated assets of the rich instead of their current income. For example, Jeff Bezos has a yearly salary of $100k, but is worth around $120bn, given his…

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