Both Sides: Does America Need A Wealth Tax? Analysis Questions: 1. Robert Reich argues that the...

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Both Sides: Does America Need A Wealth Tax? Analysis Questions: 1. Robert Reich argues that the current system discourages a sense of meritocracy, because the super rich can pass their wealth down to heirs who have never worked for it. Is this a legitimate concern? Is it the government's role to do something about it? 2. Pete Suderman argues that wealth taxes are not just motivated by a desire to raise tax revenue, but by a desire to reduce the wealth of the super rich. Should the government reduce the wealth of the super rich? Why/Why not? 3. Robert Reich argues that the super rich's ability to pass wealth down generationally grants massive economic power to a relatively small number of people. Would a wealth tax prevent this from happening? What are others way we might prevent it? 4. Pete Suderman points out that wealth taxes are both difficult and expensive to enforce. How would Robert Reich respond to this? 5. Robert Reich says Elizabeth Warren's wealth tax proposal would generate $2.75 trillion over the next decade. How would Pete Suderman respond to this? 6. For the moment, assume that Robert Reich's concerns about wealth are correct, but also assume that Pete Suderman is correct in arguing that wealth taxes are ineffective and detrimental. What are some other possible solutions to Reich's concerns? Both Sides: Does America Need A Wealth Tax? Analysis Questions: 1. Robert Reich argues that the current system discourages a sense of meritocracy, because the super rich can pass their wealth down to heirs who have never worked for it. Is this a legitimate concern? Is it the government's role to do something about it? 2. Pete Suderman argues that wealth taxes are not just motivated by a desire to raise tax revenue, but by a desire to reduce the wealth of the super rich. Should the government reduce the wealth of the super rich? Why/Why not? 3. Robert Reich argues that the super rich's ability to pass wealth down generationally grants massive economic power to a relatively small number of people. Would a wealth tax prevent this from happening? What are others way we might prevent it? 4. Pete Suderman points out that wealth taxes are both difficult and expensive to enforce. How would Robert Reich respond to this? 5. Robert Reich says Elizabeth Warren's wealth tax proposal would generate $2.75 trillion over the next decade. How would Pete Suderman respond to this? 6. For the moment, assume that Robert Reich's concerns about wealth are correct, but also assume that Pete Suderman is correct in arguing that wealth taxes are ineffective and detrimental. What are some other possible solutions to Reich's concerns?

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Concerns about wealth being passed down through generations without meritocratic efforts are legitimate as it can perpetuate inequality and undermine ... View the full answer