A Wealth Tax Is a Machine for Capital Destruction
Taxing unrealized paper values would punish the investment that builds companies, misfire on valuation, and raise far less than promised. Europe already ran this experiment.
1 DAY AGO
Taxing unrealized paper values would punish the investment that builds companies, misfire on valuation, and raise far less than promised. Europe already ran this experiment.
When the largest fortunes in history compound untouched while wages carry the tax code, a wealth tax isn't radical. It's overdue arithmetic.