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A wealth tax is a bad way to pay off pandemic debts: Nobel economist

Angus Deaton said that levies on high-earners would be 'very difficult to implement' and give the wealthy 'huge incentives to avoid it'

Topics
Taxation | Coronavirus | wealth

Lizzy Burden | Bloomberg 



A wealth tax is a bad way to pay off pandemic debts: Nobel economist
The remarks brush against a growing number of politicians calling for the richest to shoulder more of the burden of the record borrowing taken on by governments to prop up economies hit by Covid-19

A tax is a bad way to pay off pandemic debts and probably would become permanent if introduced, Nobel Prize-winning economist Angus Deaton said.

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First Published: Mon, April 12 2021. 21:34 IST

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