Account-1:
Account-2:
Scholar:
Date:
Thursday, January 9, 2020
Reactions:
656 reactions
Shares:
466 shares
Body:
The number of European countries with a Warren-style wealth tax has fallen from 12 in 1990 to just 3 today because wealth taxes simply encouraged avoidance, evasion, and capital flight. In most countries, wealth taxes raised little revenue and became riddled with exemptions.