MarketWatch: Supreme Court sides with government on tax case, but that doesn’t mean wealth taxes are coming
Issues
This excerpt is from a piece that originally ran on June 20, 2024.
Wealth taxes are still possible after the decision, according to Keith Thirion, vice president of strategy for Alliance for Justice, a left-leaning legal advocacy organization.
“At a time when 10% of earners control two thirds of all wealth, we need to examine ways to ensure everybody is paying their fair share to create a society in which we can all prosper,” he said.
“It’s a relief to know that today’s narrow ruling leaves options on the table, but we must be vigilant in responding to these obvious efforts to give even more power to those who already control more than most of us can imagine.”