Will Obama Adopt a 'Wealth Tax' to Avoid Default?

by Benjamin Domenech on 9:19 am August 24, 2009

GMU economist Arnold Kling looks down the road and wonders how America is going to deal with its epic mountain of debt: “Other countries that have defaulted have not had the option of enacting wealth taxes.” Let’s ask the reverse question: Is there any reason to expect that this White House wouldn’t consider it?

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