Robert Reich

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Why Are House Democrats So Reluctant to Tax Wealth?

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Why Are House Democrats So Reluctant to Tax Wealth?

There's an asymmetry at the heart of American politics

Robert Reich
Sep 21, 2021
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Why Are House Democrats So Reluctant to Tax Wealth?

robertreich.substack.com

I have to get this off my chest. Last week, the House Ways and Means Committee released its proposed tax increases to fund President Biden’s $3.5 trillion social policy plan.

Here’s the big thing that hit me: Democrats didn’t go after the huge accumulations of wealth at the top – representing the largest share of the economy in more than a century.

You mi…

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