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.
Citation:
Nadirov, O., Dehning, B., & Vychytilova, J. (2019). Climate Change and Rising Income Inequality: Is Ultra-Progressive Tax a Solution?. ASERC Journal of Socio-Economic Studies, 2(2), 88-93. DOI:10.30546/2663-7251.2.2.88