I wouldn’t object in principle, and I’m not sure why any conservative would.Read More
Economy & Business
Most people are fine with higher taxes on rich people, but they’re a little less in favor of it than they used to be.
The Tax Foundation offers some criticisms of wealth taxes.
While there may be good arguments for wealth-based taxation systems, the Constitution forbids them in the U.S.
Markets are made up of people interacting with other people. They don’t exist to serve turnips or interstellar dust or sublimity. Just people.
Some advocates of higher marginal tax rates prefer them even if they wouldn’t boost revenues.