Wealth Inequality
Podcast episode asks whether states can raise taxes on the wealthy without driving them away
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A recent episode of Slate’s What Next podcast examines proposals to raise revenue by increasing taxes on high-income and high-wealth residents, including in New York and California, and questions whether higher levies could prompt some top earners to relocate.
About 35 demonstrators gathered outside a Tesla dealership in Devon, Pennsylvania, on Saturday to protest a pay package that could make Elon Musk the world's first trillionaire. The event coincided with a nationwide 'No Trillionaires Day' mobilization criticizing extreme wealth inequality and Musk's political actions. Participants voiced concerns over social safety nets and authoritarianism amid Musk's recent controversies.
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France's Medef criticizes the Zucman tax by advocating exclusion of professional assets, but Gabriel Zucman counters that it would empty the tax of its substance. This controversy arises amid fiscal reforms targeting great fortunes in France. Arguments from both sides highlight tensions over taxing the wealthiest.