Ronald Reagan put government tax policies into precise alignment when he said, “If you want more of something, subsidize it; if you want less of something, tax it.”
Democrats in Congress should take those words to heart as they deliberate how to pay for a pared “Build Back Better Act.”
Do they really want the ultra-rich to invest less?
That may well be the unintended consequence of a wealth tax, now taking center stage as a way to fund the massive expansion of a federal government that hasn’t yet figured out how to pay for what it already spends.
Democrats in Congress should take those words to heart as they deliberate how to pay for a pared “Build Back Better Act.”
Do they really want the ultra-rich to invest less?
That may well be the unintended consequence of a wealth tax, now taking center stage as a way to fund the massive expansion of a federal government that hasn’t yet figured out how to pay for what it already spends.
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