Part 7/10:
Raise Tax Rates for the Wealthiest: Historical precedent shows that marginal tax rates on the affluent can be much higher, and reintroducing these rates can help address income inequality.
Implement a Wealth Tax: Taxing accumulated wealth rather than just income could effectively address rising inequality, ensuring the ultra-wealthy contribute fairly to societal needs.
Introduce a Transaction Tax: A small tax on stock trades could generate substantial revenue, targeting the rich who hold vast wealth in financial assets.
Close Existing Tax Loopholes: Address loopholes like the stepped-up basis, which allows vast wealth to pass tax-free between generations, only exacerbating wealth concentration.