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The Need for a True Wealth Tax To Support Those Most In Need Due to the Coronavirus (Markovits)

The Need for a True Wealth Tax To Support Those Most In Need Due to the Coronavirus by Daniel Markovits published by The Justice Collaborative Institute (5/2020).

“It is time for a wealth tax. The medical and economic hardships produced by the coronavirus pandemic are falling most heavily on people who were already most disadvantaged. College-educated Americans are three times more likely to be able to work from home than workers with no education past high school, and those who make more than $80,000 per year are four times more likely to be able to work from home than those who make less than $33,000. This makes it unsurprising that the rich are socially isolating at much greater rates than the rest of America, and that both infections and deaths from the coronavirus are dramatically concentrated among poorer Americans, especially people of color…”

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