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Would a US 'Rich Tax' Work?

Wednesday, 16 Jun 2010 | 8:28 AM ET

A group of German millionaires and billionaires have proposed giving up 10 percent of their income in the form of a "rich tax" for 10 years to help fix the budget mess in Europe.

Would such a private plan ever work in the United States? Share your opinion:


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  • Carl Quintanilla is an Emmy-winning reporter and co-anchor of CNBC's "Squawk on the Street," broadcast live from the NYSE.

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