# Prof. Aswath Damodaran on the potential consequences of raising taxes on the rich

1 Faculty News January 14, 2013 ![The Economic Times logo](/sites/default/files/styles/246w/public/assets/images/con_032922.jpg?itok=VCGfauqd)>

Excerpt from the [Economic Times](http://economictimes.indiatimes.com/news/economy/finance/taxing-the-super-rich-is-not-a-solution-aswath-damodaran-stern-school-of-business/articleshow/18011729.cms) -- "[Damodaran](http://www.stern.nyu.edu/faculty/bio/aswath-damodaran) says that the moment a complex tax system is created, it is the super rich who are best placed to exploit such a system, negating what is often the principal motivating factor behind higher rates, the desire to reduce inequality."

[Read more](http://economictimes.indiatimes.com/news/economy/finance/taxing-the-super-rich-is-not-a-solution-aswath-damodaran-stern-school-of-business/articleshow/18011729.cms)