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 and ability-to-pay vs. incentives and economic efficiency), how “wealthy” is defined (high income earners vs. the ultra-rich with massive unrealized wealth), the specific tax (higher income rates, capital gains, wealth tax, estate tax), how revenue is spent, and enforcement. Evidence shows the U.S. tax system is progressive ove