Leaders | An unrealisable idea
How to tax billionaires—and how not to
Closing loopholes would be a better bet than a levy on unrealised capital gains
Editor’s note (June 20th 2024): The Supreme Court has ruled in Moore v United States, upholding the tax at issue (the “mandatory repatriation tax”). The court declined to weigh in on the constitutionality of a tax on unrealised gains.
Leaders June 22nd 2024
- AI will transform the character of warfare
- The exponential growth of solar power will change the world
- Emmanuel Macron’s project of reform is at risk
- How to tax billionaires—and how not to
- Javier Milei’s next move could make his presidency—or break it
- India should liberate its cities and create more states
From the June 22nd 2024 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Leaders
How to improve clinical trials
Involving more participants can lead to new medical insights
Houthi Inc: the pirates who weaponised globalisation
Their Red Sea protection racket is a disturbing glimpse into an anarchic world
Donald Trump will upend 80 years of American foreign policy
A superpower’s approach to the world is about to be turned on its head
Rising bond yields should spur governments to go for growth
The bond sell-off may partly reflect America’s productivity boom
Much of the damage from the LA fires could have been averted
The lesson of the tragedy is that better incentives will keep people safe
Health warnings about alcohol give only half the story
Enjoyment matters as well as risk