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Fri Jan 10, 2020, 04:50 PM


Majority of Americans favor wealth tax on very rich: Reuters/Ipsos poll

WASHINGTON/NEW YORK (Reuters) - The idea of imposing a wealth tax on the richest Americans has elicited sharply divergent views across a spectrum of politicians, with President Donald Trump branding it socialist and progressive Democratic presidential contenders Senators Elizabeth Warren and Bernie Sanders prominently endorsing it.

But it may have broad public support, according to a Reuters/Ipsos poll that found nearly two-thirds of respondents agree that the very rich should pay more.

Among the 4,441 respondents to the poll, 64% strongly or somewhat agreed that “the very rich should contribute an extra share of their total wealth each year to support public programs” - the essence of a wealth tax. Results were similar across gender, race and household income. While support among Democrats was stronger, at 77%, a majority of Republicans, 53%, also agreed with the idea.

... The results may reflect how the economic changes of the past roughly 20 years, from globalization to the financial crisis, have shaped attitudes about economic policy.

According to polling by Gallup, concerns about the rich paying too little actually declined through the 1990s and early 2000s, a relative boom period for the United States. But the concerns have been climbing since the crisis years of 2007 to 2009, from 55% to more than 60% as of 2016...


If I were to vote in a presidential
primary today, I would vote for:

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