Most rich countries that tried annual wealth taxes eventually scrapped them, but now California and Elizabeth Warren want to run the experiment in the US.
In a new Cato Podcast episode, @MrRBourne talks with @adamnmichel about how a “modest” 3% levy can swallow 60% of an asset’s 5% return—and leave workers footing much of the bill.
Listen on Apple, Spotify, and our website!
Apple: ow.ly/ZP2o50ZxIyr
Spotify: ow.ly/VF7A50ZxIyG
Web: ow.ly/cWE450ZxIyB