Supreme Court Left the Door Open for a Wealth Tax. But It's Still a Terrible Idea.
Wealth taxes discourage investment, shrink wages, and don’t generate much revenue.
wealth tax
Phil Magness: Who Really Pays the Most Taxes?
Economist and author Phil Magness debunks a recent New York Times piece and shoddy academic work about the rich and their taxes.
The Real Tax Gap
Wealthier Americans pay a record share of federal taxes, but voters (and President Joe Biden) believe they're freeloading.
The State of the Union Is Shouty
Plus: A listener asks the editors a question about progressive taxation in the United States.
Massachusetts' Wealth Tax Encouraged NBA's Grant Williams To Sign With Dallas
Grant Williams breaks down the math: "$54 million in Dallas is really like $58 million in Boston."
SCOTUS Case Could Quash Democrats' Wealth Tax Plans
Plus: Why people believe doomer narratives, schools seek to define social media platforms as public nuisances, and more...
Wealth Taxes Result in Rich People Fleeing, Turns Out
Norway hiked its wealth tax. A bunch of rich people got the hell out.
Biden's New Budget Would Hike Taxes and Wage Class Warfare
The higher taxes on small businesses and entrepreneurs could slow growth. Less opportunity means more tribalism and division.
Yes, There Are Libertarians During Bank Runs
Plus: The editors recommend the best books for sparking interest in free market principles.
Biden's Budget Will Raise Taxes Without Addressing the Federal Government's Spending Problem
Biden is set to propose a new tax on unrealized investment gains and to quadruple a recently imposed tax on stock buybacks.
IRS Controversially Claims Hiring 87,000 New Agents Won't Mean Higher Audit Rate for the Middle Class
So why do Democrats keep equivocating on the point that households making under $400,000 may be targeted for more audits by an expanded IRS?
Privileged People Oppose Even 'Win-Win' Pro-Equality Policies, Says New Study
"Advantaged group members misperceive that equality necessarily comes at a cost to their group."
Why a Wealth Tax Is a Bad Idea
Billionaires are better at figuring out what to do with their money than the government will ever be.
No, Elon Musk Didn't Pay a 3.27 Percent Tax Rate
Plus: How misinformation spreads, ignoring inflation, and more...
France's Authoritarian Establishment Faces Off Against the Even Uglier Authoritarianism of the Far Right
French President Emmanuel Macron is authoritarian-light. Candidate Marine Le Pen is worse.
Biden's Billionaire Tax Wouldn't Just Hurt Billionaires
Wealth isn't held the way many believe it is.
Elizabeth Warren's Wealth Tax Would Hurt More Than Just the 'Tippy Top'
Wealth tax proponents claim only super rich people would be affected. But to raise the revenue Warren, Sanders, and Biden want, they'd have to tax the "working rich"—doctors, lawyers, and other hardworking high earners.
Joe Biden Wants To Spend How Much? On What Now?
Plus: What is the libertarian stake in the culture war over school curriculums?
Bernie Sanders Is Wrong About the American 'Oligarchs'
"Multi-billionaires like Elon Musk, Jeff Bezos, Richard Branson are off taking joyrides on their rocket ships to outer space. They are buying $500 million superyachts."
Joe Manchin on Biden's Wealth Tax: 'You Can't Tax Something That's Not Earned.'
Joe Manchin keeps saying out loud the part that Joe Biden would rather keep quiet.
Biden's Desperate Wealth Tax Flip-Flop
On the campaign trail, Biden rejected wealth taxes as punitive, divisive, and unworkable. Now, as president, he’s embraced the idea.
Biden Is Trying To Pass a Wealth Tax—Again. It Could Be Unconstitutional.
The president's new budget plan calls on Congress to tax wealthy Americans' unrealized capital gains.
It Sure Looks Like Democrats Don't Have the Votes To Raise Enough Taxes To Pay for Their Massive Spending Bill
And it just might reduce the tax burden for the well-off in the short term.
Democrats' Proposed 'Billionaire Tax' Is Definitely a Wealth Tax, and It May Be Unconstitutional
Imposing a wealth tax may not even be among the enumerated powers of Congress.
Elizabeth Warren Says People Are Struggling and Jeff Bezos Hasn't Pitched In Enough
Bezos pitched in by creating an online marketplace of cheap consumer goods that people can get delivered to their homes in two days flat.
AOC Says Amazon Abuses Market Power, Ignores Fact That Customers Shop at Amazon Because They Want To
After returning from space yesterday, Jeff Bezos thanked Amazon customers who made his fortune possible.
Billionaires Spending Their Own Money To Go to Space Has Progressives Howling for a Wealth Tax
Private space companies' efforts are a boost to the government's own space programs, in addition to being objectively cool.
People Love To Criticize Capitalism. Here's Why They're Wrong.
In capitalist societies, the poor get richer.
ProPublica's Bombshell Tax Report That Wasn't
The new report doesn't reveal anything we didn't already know.
Enjoy Tax Day 2021. They Just Get Worse From Here.
Tax hikes and growing debt guarantee shared pain in a hobbled economy.
Elizabeth Warren's and Bernie Sanders' 'Wealth Tax' Would Be Terrible for Low-Income Workers
And it has failed in almost every country where it's been tried.
Washington State Might Tax 4 People Billions of Dollars. What If They Leave?
A proposed wealth tax would collect 97 percent of its revenue from famous billionaires.
Wealth Taxes Make Us Poorer
A new study finds that taxes on wealth reduce long-run GDP by 2.7 percent.
California Lawmakers Want a Wealth Tax to Soak the Rich for Living There. Also, for Leaving.
The proposed tax would apply to not just wealthy residents, but anyone who is wealthy who has lived in the state for the last 10 years.
Elizabeth Warren Drops Out. Her Failed Campaign Is a Reminder That Even Democratic Voters Don't Want a Woke Policy Wonk in the White House.
The Massachusetts senator failed to expand her appeal beyond a core group of highly educated upper-middle-class voters.
Bernie Sanders' Wealth Tax Would Be Bad for Workers
The Vermont socialist has always claimed to be a champion of the working class. But over time, his wealth tax would fall heavily on ordinary Americans.
The Truth About Income Inequality
Should we be worried about the wealth amassed by the so-called 1 percent?
Booker Says Warren's Wealth Tax Would Destroy Economic Growth
"It's been tried by other nations," the New Jersey senator said.
Elizabeth Warren Is Running Out of Fake Money to Pay for Her Terrible Ideas
Warren says her wealth tax math "clearly" adds up. It doesn't.
Elizabeth Warren's 'Wealth Tax' Is Punishment, Not Taxation
Does economic success deserve to be punished? The Democratic Party will have to answer in the coming primaries. Joe Biden is on the correct side of it.
Bernie Sanders Thinks Every Billionaire Is a Policy Failure
Sanders has proposed a wealth tax to eliminate billionaires and fund his expensive domestic policy agenda.
The Progressive Feeding Frenzy
The progressive agenda assumes that no amount of taking will ever lead to less earning.
Warren Wants 'Big, Structural Change' That Goes Beyond Anything Previous Democratic Administrations Have Proposed
Warren doesn't merely want to turn back the clock to the pre-Trump era. She wants to raise taxes and regulations far beyond the levels of the late Obama-Biden administration.
Why Elizabeth Warren's Wealth Tax Won't Work
Elizabeth Warren says her "ultra-millionaire tax" will raise $2.75 trillion. History says otherwise.
Elizabeth Warren's Plan To Cancel Student Debt Helps the Well-Off
The unintended consequences of helping students with the brightest futures.
Elizabeth Warren's Wealth Tax Is a Stunt Policy That Other Countries Have Tried and Discarded
Her big new tax plan is impractical, ineffective, and probably unconstitutional.
