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A Wealth Tax Is Pro-Growth: Don't believe the scaremongering.

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A wealth tax would have a significant effect on the economy’s distribution; if anything, the tax is likely to be pro-growth, and  it’s more likely that any slowing of growth would be small-- if at all --and more than outweighed by the return that the economy would get on the programs that a wealth tax would finance, like education, scientific research, infrastructure and more. Those basic investments all have a long record of lifting economic growth. The very wealthy, however, don’t tend to spend much of their money building roads, starting community colleges or financing clean energy.

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I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

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