How do we decide how much tax the richest and poorest people should pay?
You’d think this would be a straight-forward question; surely people just want a system that is fair.
Not so. On this episode of The Big Money Questions, professor of politics at New York University David Stasavage explains the three different systems that are considered by some to be fair.
The prevailing view can lead to top tax rate as high as 90 per cent, as seen in Britain after World War II, to a government trying to lift the inheritance tax burden for most people today.
So where do you fit in the debate?
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