Toward a Progressive Tax Policy

Toward a Progressive Tax Policy

Occupy Wall Street protester Federal Hall New York Stock Exchange New York
Occupy Wall Street protester Federal Hall New York Stock Exchange New York
Blog Post by Renewing America Staff
June 5, 2014 3:10 pm (EST)

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Corporate Governance

The "global wealth tax" suggested by Thomas Piketty in his book Capital in the Twenty-First Century is a utopian-style suggestion to reconstruct the global tax structure. In a new column for Bloomberg View, CFR Adjunct Senior Fellow Peter Orszag suggests two more practical reforms that could make the U.S. tax system more progressive: establishing a progressive consumption tax and changing the U.S. estate tax into an inheritance tax.

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Corporate Governance