Why a wealth tax makes sense to tackle inequality

Given that wealth inequality in the US is more extreme and dangerous than income inequality, it is past time for a federal wealth tax.

A federal wealth tax offers a vital and necessary tool for directly redressing extreme wealth inequality, as well as advancing racial justice, tackling the climate crisis, and protecting democracy. It also offers a reminder that today’s debt-ceiling gridlock is a consequence of giving tax breaks to the ultrawealthy.

• Download Oxfam issue brief Wealth tax