Why a “wealth tax” is terrible public policy (and this is not even a controversial observation among economists)

The trouble with Socialism is that eventually you run out of other people's money.Margaret Thatcher For months now, Democratic presidential candidates have proposed a litany of new spending proposals to woo the electorate into voting for them. These include: Medicare for All, which has a $32 trillion price tag - assuming it is extended only … Continue reading Why a “wealth tax” is terrible public policy (and this is not even a controversial observation among economists)