The global economy is a complicated machine
Is it time to raise taxes for the wealthy? The pressing issue on everyones' minds is inflation. It's reasonable to expect that our political parties would be trying to do something to reduce it. But with dislocations related to COVID-19 still impacting the economy, Russia's invasion of Ukraine and the subsequent counter-sanctioning by the western coalition striking another set of blows to the supply-side of the economy, what are our best options? Matthew Yglesias explains that along with passing a bill that is overall anti-inflationary, taxing the rich is likely our best chance of surviving the current financial crisis.
From Matthew Yglesias