Where will the money come from to create jobs, reform health care and build a green infrastructure?
In our new report, IPS and Wealth for the Common Good identify $500 billion in new revenue with targeted tax hikes on the wealthy, closing overseas tax havens and levies on speculative investment. “Paying for a Strong Economy: Seven New Revenue Sources to Revitalize America and Reduce Financial Speculation”, argues that taxes on the wealthy don’t hurt consumption and discourage the type of speculation that fueled the high-tech and housing bubbles.