Tag: wealth tax
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Wealth taxes don’t work and the data is clear
Wealth taxes sound elegant but have been repeatedly tried and repeatedly abandoned. The track record across Europe is unflattering and worth taking seriously.
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Long-term capital gains should be taxed as ordinary income, full stop
Taxing investment income at lower rates than wages distorts the economy, widens inequality, and rests on weaker evidence than its defenders claim.
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Wealth taxes do work and the data is clear
Wealth taxes are dismissed as unworkable, but recent research and updated implementations show they raise revenue and don’t trigger the exodus critics predict.
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The rich don’t pay taxes headline is technically true and rhetorically dishonest
Headlines about billionaires’ low tax rates compare unrealized gains to income tax owed. Both the headline math and the policy debate it shapes deserve scrutiny.