Source: WRAL TECHWIRE, 10/18/21

Editor’s note: Dr. Mike Walden is a William Neal Reynolds Distinguished Professor Emeritus at North Carolina State University.

Trillions of dollars were added to the national debt during the Covid-19 pandemic as the federal government poured money into the economy to avoid a long and deep collapse.  Now national legislators are considering spending trillions more to address physical and social infrastructure issues. To avoid putting all this new spending on the national financial tab, some are advocating new federal taxes.  One idea is to enact a national wealth tax.

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