The Problem with Taxing the Rich

taxing the rich

It’s never easy to get the wealthy to pay their taxes — and Latin America is no exception. Not only do they have the political clout to fight legislation that would increase their contributions relative to low-earners. They can afford top-flight lawyers and accountants to help them maneuver around their income taxes through loopholes and […]

The Do’s and Don’ts of “Nudging”


How can governments guide people to make choices that would improve their  welfare? Traditionally, the focus has been on changing prices; for instance, higher cigarette taxes encourage people to smoke less. Lately, “nudges” have become a favorite tool, and are becoming increasingly popular  in developed and developing countries alike. Latin American governments are no exception […]

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