1. The George L. Argyros School of Business and Economics, Chapman University, Orange, United States
2. Department of Finance and Accounting, Tomas Bata University in Zlin, Zlin, Czech Republic
DOI:10.30546/2663-7251.2.2.88
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The climate crisis and rise in income inequality have created support for
progressive taxes with a top marginal tax rate above 50%. Three strands of
literature are discussed to show this trend: (1) climate change, (2) income
inequality, and (3) taxing the wealthy. Thoughtful flaws are noted in the
current paper, especially by giving special attention to growing call for a tax
on the wealthy to pay for the fight against climate change and reduce
income inequality.