As Democrats Push a “Wealth Tax,” Here’s Why Other Countries Got Rid of It
27th June 2019
I wrote five years ago about the growing threat of a wealth tax.
Some friends at the time told me I was being paranoid. The crowd in Washington, they assured me, would never be foolish enough to impose such a levy, especially when other nations such as Sweden have repealed wealth taxes because of their harmful impact.
But, to paraphrase H.L. Mencken, nobody ever went broke underestimating the foolishness of politicians.
Oh, politicians are actually very cunning; it’s just that they do what’s best for them, not necessarily what’s good for the country.