Taxing the wealthy is viewed by some as the easiest way to increase revenue without burdening the general population however, this option comes with a host of pros and cons that have to be carefully considered to minimize reverberating economic consequences in the short and long term. Global economies have recently taken a big hit from the pandemic and climate crisis. This, in addition to the individual domestic economic issues they were already facing before the pandemic. Read our article: Should the wealthy pay more taxes? What do you think?