Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Can a wealth tax actually solve our political and fiscal problems? The math says no.

Economists Emmanuel Saez and Gabriel Zucman, among others, have advocated for wealth taxation as a way to reduce political power resulting from wealth concentration and raise substantial revenue. Here's why that won't work.

Can a wealth tax actually solve our political and fiscal problems? The math says no.

We haven't written up this one. The Hill has the full story — the link below goes straight to it.

Read the original at thehill.com →

More in Finance & Markets

Nairobi among five cities to watch on tech, industry growth

NAIROBI, Kenya, Oct 1 – Nairobi’s technology and industrial sectors are expected to become major drivers of the city’s long-term economic expansion, with Oxford Economics projecting sustained growth…

  • Nairobi projected to become key African city in tech and industry growth.
  • IT sector expected to grow 5.5% annually, finance 4.1% over 25 years.
  • Industrial output could exceed $38 billion by 2050, creating 700,000 jobs.

More from Thursday 1 October →