Giving Compass' Take:

• Pacific Standard reports on proposals made by Alexandria Ocasio-Cortez, Bernie Sanders, and Elizabeth Warren, who want to tax the wealthy in efforts to reduce income inequality.

• Are these high-profile progressives changing the conversation on taxes to encourage the economic growth or are they demonizing the wealthy?

Here's how tax collaboration could change global development. 


Over the course of the last month, a number of high-profile progressives have released big, bold proposals to tax the wealthy.

Senator Elizabeth Warren (D-Massachusetts), who announced in late December she was forming a presidential exploratory committee, has proposed an annual wealth tax of 2 percent on ultra-millionaires with assets over $50 million, and 3 percent on those with over $1 billion.

Representative Alexandria Ocasio-Cortez (D-New York) recently proposed increasing the income tax rate on the top bracket—effectively on all dollars made above $10 million a year—to 70 percent to fund her "Green New Deal."

Read the full article on how to tax America's wealthy by Dwyer Gunn at Pacific Standard.