Wealth Taxes Will Barely Slow Inequality. So Why Do the Super-Rich Resist Them?

In an interview with C.J. Polychroniou, PERI’s Nancy Folbre discusses the impact of a global wealth tax and how the U.S. tax structure leads to increased inequality.

“In the current political environment, large deficits and ballooning public debt can only go so far before they run up against the need to either increase taxes or cut spending, and working-class voters who feel economically left-behind are furious at the thought of being asked to pay more or make do with less.”