{"id":626432,"date":"2018-07-02T04:15:49","date_gmt":"2018-07-02T04:15:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/02\/the-economist-makes-its-case-for-wealth-taxes\/"},"modified":"2018-07-02T04:15:49","modified_gmt":"2018-07-02T04:15:49","slug":"the-economist-makes-its-case-for-wealth-taxes","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/02\/the-economist-makes-its-case-for-wealth-taxes\/","title":{"rendered":"The Economist makes its case for wealth taxes"},"content":{"rendered":"

The Economist makes its case for wealth taxes:<\/strong> Wealth taxes have the fewest \u201cunintentional bad consequences\u201d and could be the solution to raising the funds governments need to support public services, such as schools, roads, and hospitals, the Economist says. Whereas income and consumption taxes have been widely popular tools over the past several decades, they tend to have adverse effects on growth (high income taxes discourage people from working) and low-income earners (who spend the majority of their income on day-to-day expenses). The magazine notes that wealth taxes are highly unpopular and are politically difficult to implement, but argues that politicians will have to \u201cbite the bullet\u201d and resort to this option sooner or later (watch, runtime: 2:06<\/a><\/u>).<\/p>\n","protected":false},"excerpt":{"rendered":"

The Economist makes its case for wealth taxes: Wealth taxes have the fewest \u201cunintentional bad consequences\u201d and could be the solution to raising the funds governments need to support public services, such as schools, roads, and hospitals, the Economist says. Whereas income and consumption taxes have been widely popular tools over the past several decades, […]<\/p>\n","protected":false},"author":1,"featured_media":626433,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9004],"tags":[72,2388],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-626432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-watching","tag-enterpriseam","tag-worth-watching","wpautop","entry"],"acf":{"mongo_id":"cf66c012-e54f-4306-8a45-9d66c1de0388","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2018\/7\/1140.jpg","photo_position":"above","related_issue":[626404],"teaser":"","voice_url":""},"yoast_head":"\nThe Economist makes its case for wealth taxes - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/02\/the-economist-makes-its-case-for-wealth-taxes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Economist makes its case for wealth taxes\" \/>\n<meta property=\"og:description\" content=\"The Economist makes its case for wealth taxes: Wealth taxes have the fewest \u201cunintentional bad consequences\u201d and could be the solution to raising the funds governments need to support public services, such as schools, roads, and hospitals, the Economist says. 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Or do consumers just work around it? Taxes imposed on popular vices including sugar, tobacco and alcohol apparently result in an overall drop in sales of the taxed items that may point to lower consumption levels, according to The Economist. 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