In the Ukraine War, We Can Make Oligarchs – Everywhere – the Big Losers

This article by Sam Pizzigati appears in Institute for Policy Studies. Here is an excerpt:

Can we please get serious about taxing the rich? Polls show that hefty majorities of people in the United States — and around the world — believe the rich ought to be paying more at tax time. Yet our contemporary don’t-tax-the-rich era has now entered its fifth consecutive decade.

Egalitarian tax policy, you could say, has hit a rough patch.

Egalitarian tax circles need some fresh thinking, and, fortunately, we have some — from economists and political scientists who’ve been reflecting on how, why, and when do societies end up taxing the rich. Historical moments, these researchers conclude, really matter. Societies don’t tax the rich after duly deliberating about timeless questions of what makes for tax fairness. They tax the rich during moments of social convulsion, especially those that accompany conflicts between nations.

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