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 Cato Study: Europe Abandoned Wealth Taxes Proposed by Imbecilic Dems

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Cato Study: Europe Abandoned Wealth Taxes Proposed by Imbecilic Dems Vide
PostSubject: Cato Study: Europe Abandoned Wealth Taxes Proposed by Imbecilic Dems   Cato Study: Europe Abandoned Wealth Taxes Proposed by Imbecilic Dems Icon_minitimeTue Aug 06, 2019 4:24 am

When Sen. Elizabeth Warren (D-Mass.) introduced a new “wealth tax” in her campaign for the 2020 Democratic presidential nomination, she proposed taking the United States down a failed fiscal path most Europeans gave up on decades ago, according to Cato Institute tax expert Chris Edwards.
“European welfare states that U.S. liberals like Warren look to for inspiration, such as Sweden, have changed course, repealed their wealth taxes and other high-end taxes after realizing how damaging they were,” Edwards told The Epoch Times on Aug. 5 in an email.
“By contrast to ‘sin’ taxes, wealth taxes are ‘virtue’ taxes that penalize the wealthy for being frugal and for reinvesting their earnings. That makes no sense,” said Edwards, director of tax studies for the Washington-based libertarian think tank and editor of its downsizinggovernment.org website.

Cato Study: Europe Abandoned Wealth Taxes Proposed by Imbecilic Dems Warren-1165922640-700x420

https://m.theepochtimes.com/cato-study-europe-abandoned-wealth-taxes-dems-propose_3030936.html

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