The Roosevelt Institute is a think tank, a student network, and the nonprofit partner to the Franklin D. Roosevelt Presidential Library and Museum that, together, are learning from the past and working to redefine our collective future. Focusing on corporate and public power, labor and wages, and the economics of race and gender inequality, the Roosevelt Institute unifies experts, invests in young leaders, and advances progressive policies that bring the legacy of Franklin and Eleanor Roosevelt into the 21st century.
The top 0.1 percent hold $1 of every $6 in US private wealth, much of it never taxed because they borrow against assets instead of selling. UC Berkeley’s Brian Galle, writing for the progressive Roosevelt Institute, proposes charging interest on deferred tax at the asset’s own rate of return — so holding forever no longer shrinks the bill.