Toward a Progressive Tax Policy
![Occupy Wall Street protester Federal Hall New York Stock Exchange New York](http://cdn.cfr.org/sites/default/files/styles/slide_3_2/public/image/2014/06/Occupy-Protester-Banker.webp)
More on:
The "global wealth tax" suggested by Thomas Piketty in his book Capital in the Twenty-First Century is a utopian-style suggestion to reconstruct the global tax structure. In a new column for Bloomberg View, CFR Adjunct Senior Fellow Peter Orszag suggests two more practical reforms that could make the U.S. tax system more progressive: establishing a progressive consumption tax and changing the U.S. estate tax into an inheritance tax.
More on: