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Tag Archives: wealth tax

Chart of the WeekHow the Rich Get Richer

By Davide Malacrino Wealth begets wealth. This simple concept of privilege has added to growing discontent with inequality that has escalated under the shadow of the COVID-19 pandemic. A paper co-authored this year by economists from the IMF and other institutions confirms that wealthier people are more likely to earn higher returns on their investments. It also shows that the children of wealthy people, while likely to inherit that wealth, aren’t necessarily going to make the same high...

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Game-Changers and Whistle-Blowers: Taxing Wealth

By James Brumby and Michael Keen February 13, 2018  Versions in 中文 (Chinese), 日本語 (Japanese) New Delhi, India: there are now very few effective explicit wealth taxes in either developing or advanced economies (photo: Jens Kalaene/Corbis). High and rising income inequality is a serious concern in many countries, as highlighted in the IMF’s recent Fiscal Monitor. Wealth, however, is distributed even more unequally than income, as in the picture below. Although Thomas Piketty has...

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