image credit: Marc A. Hermann / MTA New York City Transit

Why ‘tax the rich’ policies may make sense in a K-shaped economy

January 26, 2021


“Tax the rich” policies being weighed in some statehouses to cover Covid-era budget shortfalls may make more sense in the current economy.

Inequality has been a hallmark of the pandemic recovery, marked by job loss for those at the bottom and soaring wealth for those at the top.

This so-called “K shaped” recovery means the richest Americans are in a better position to absorb higher taxes relative to low and middle earners, according to some economists.

Read More on CNBC