<p>Cato Report Says Wealth Tax Would Increase Inequality</p>

Cato Report Says Wealth Tax Would Increase Inequality

Cato Institute

A large wealth tax would do nothing to stop wealth inequality, fail to raise promised revenue, promote tax evasion, and is overall not a useful way to combat current economic issues because of its politicization, John H. Cochrane said in a report released by the Cato Institute on February 25.

<p>A large wealth tax would do nothing to stop wealth inequality, fail to raise promised revenue, promote tax evasion, and is overall not a useful way to combat current economic issues because of its politicization, John H. Cochrane said in a report released by the Cato Institute on February 25.</p>