US needs to raise taxes to fight poverty: Nobel Laureate Abhijit Banerjee

"If you actually want to deal with poverty, happiness and anger in the US, the government will need to have more resources," Banerjee said in an interview in Stockholm on Saturday

The US needs to raise taxes considerably if it’s going to tackle poverty, according to Abhijit Banerjee, a winner of this year’s Nobel prize in economics.
 

Banerjee, a professor at the Massachusetts Institute of Technology, said inadequate taxation in the world’s biggest economy has left the government without the cash it needs to help its poorest citizens. He won the 2019 prize in economic sciences along with his wife Esther Duflo and Harvard University’s Michael Kremer.
 

“If you actually want to deal with poverty, happiness and anger in the US, the government will need to have more resources,” Banerjee said