Ask Prof Wolff: Tax the Rich? Yes We Can!

A patron of Economic Update asks: "Here's a question coming from Switzerland: Very often, when you raise the question about raising rich people's taxes, people will tell you that you can't do that, otherwise these rich people will just go live in another country, where they will pay less taxes. So by raising taxes on the rich you would actually lose money, from a local perspective. What data do we have about that phenomenon and what can we propose to prevent that?"

This is Professor Richard Wolff's video response.

Ask Prof Wolff is a @Democracy At Work  production. We are committed to providing these videos to you free of ads. Please consider supporting us on Patreon.com/economicupdate. Become a part of the growing Patreon community and gain access to exclusive patron-only content, along with the ability to ask Prof. Wolff questions like this one! Your support also helps keep this content free to the public. Spreading Prof. Wolff's message is more important than ever. Help us continue to make this possible.

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Learn more about Prof Wolff's new book, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself," available now at www.democracyatwork.info/books

“A magnificent source of hope and insight.”
Yanis Varoufakis
Greek economist, academic, philosopher, politician, author of Talking to my daughter about the economy


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Showing 1 comment

  • Richard Wolff
    published this page in The Latest 2021-07-09 16:54:24 -0400
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