High Income and Corporate Taxes
This week, John and Sam focus on the importance of taxation in order to boost economic growth and alleviate poverty. Dr. Abhijit Banerjee, a professor at MIT, was recently featured in a Bloomberg article in which he states that taxing the rich and large corporations is the only way to alleviate poverty. Although taxation is important to economic growth, high tax rates don’t ensure a strong economy. So, what is a good way to alleviate poverty? What are the 3 keys to economic success?