Putin taxes the RICH among Coronavirus

After the Great Depression, the Revenue Act of 1934 raised income taxes on the wealthy, while reducing them for lower income groups. It also raised estate taxes on the wealthy and closed corporate tax loopholes. The Revenue Act, also called the “Wealth Tax Act,” eventually raised taxes to 75 percent on incomes over $500,000. Can Russia avoid a recession by targetting the many millions of dollars currently being transported tax free into offshore accounts?