I fear this is where the U.S. is heading as the anti-wealth, anti-business, anti-producer views are now endorsed by more than half the voting public.
“Wealth inequality has worsened for two decades and is now at an extreme level,” wrote Daniel Altman, who is a professor of economics at New York University’s Stern School of Business, in the an opinion piece published last Sunday in the New York Times.
Altman added that a wealth tax would “allocate opportunities more equitably and efficiently” while ensuring “society did not become unduly polarized.”
I’d be fascinated to learn exactly how the professor would deal with those he considers to be contributing to a “polarized” country.
