Showing posts with the label The New York Times: The Morning.

The New York Times: The Morning

Pluses and minuses of a wealth tax. Views expressed in this geopolitical news summary are those of the reporters and correspondents. Accessed on 28 October 2021, 1233 UTC. Content supplied by "The New York Times." Source: Please click link or scroll down to read your selections. Thanks for joining us today. Russ Roberts View in browser | Continue reading the main story October 28, 2021 By  David Leonhardt Good morning. What are the pluses and minuses of a wealth tax? A tax protest in New York City last year. Justin Lane/EPA, via Shutterstock Billionaires are different Most Americans pay an annual wealth tax on their largest asset. It’s called property tax. Each year, they pay an amount equal to a small percentage of the estimated value of their house, and a house is by far the most valuable item that most families own. The very rich are different. While