Democrats in the state of Washington and elsewhere are considering a wealth tax to address their perceived lack of equality between the amount of financial assets owned by citizens.
Critics point out that almost no one believes the economy would perform better if everyone was limited to the same small income and wealth. Income taxes and wealth taxes remove the incentive for the best and brightest to continue to work hard, and would remove these individuals from the economy.… read more “Unanticipated Effects of a Wealth Tax in Washington State”