Responses

No simple yes/ no—it depends on values (equity vs. efficiency/growth), definitions of “wealthy” and “tax rate,” country, and trade-offs. The question is normative. Economics can inform consequences (revenue, growth, behavior, inequality), but “should” hinges on priorities like reducing inequality, funding government, maximizing prosperity, or limiting state power. I’ll focus primarily on the US (t

There is no single objective answer—it depends on values (e.g., equity vs. growth incentives), goals (revenue, inequality reduction, fiscal sustainability), economic assumptions, and tax design. The debate involves progressive taxation principles, empirical data on current burdens and inequality, historical experience, and evidence on behavioral responses. Below is a balanced overview grounded in