Republicans say they will refuse to raise taxes, but Peter Morici thinks they would be smart to...

|By:, SA News Editor

Republicans say they will refuse to raise taxes, but Peter Morici thinks they would be smart to reconsider. Barry Ritholtz wants to hit high net worth individuals whose numbers and net worth have swelled during the past two years. The population of HNWIs rose 8.6% in 2010 to 3.4M after rising 16.6% in 2009, according to a CapGemini report, and their wealth jumped 9.1% to $11.6T.