More Proof that ‘Progressive’ Wealth Taxes Hurt Average Americans

(eranicle/Getty Images)
A new study reaches the obvious conclusion that ‘soaking the rich’ doesn’t help anyone.

NRPLUS MEMBER ARTICLE I t’s a well-observed truth that when you tax something, you get less of it. What many of today’s Democrats don’t seem to understand is that the rule applies just as much to taxes on wealth itself as to taxes on, say, cigarettes or alcohol.

Progressive California state legislators recently proposed an extreme tax that would even follow residents who flee the state with their assets: a 0.4 percent annual tax not on income, but on wealth itself, applied to all Californians with assets totaling $30 million or more. Meanwhile, Senator Elizabeth Warren’s long-time championing of a wealth tax has caught on

Most Popular

Elections

Biden, Never

Editor’s Note: If you would like to read more pros and cons on voting for President Trump, further essays on the subject, each from a different perspective, can be found  here, here, here, here, here and here. These articles, and the one below, reflect the views of the individual authors, not of the ... Read More
Elections

Biden, Never

Editor’s Note: If you would like to read more pros and cons on voting for President Trump, further essays on the subject, each from a different perspective, can be found  here, here, here, here, here and here. These articles, and the one below, reflect the views of the individual authors, not of the ... Read More
Elections

Late Campaign Stops Don’t Seem to Do Much

Growing up in New Jersey, we called nights like tonight – where there were expectations for hooliganism -- vandalism, breaking windows, and perhaps even arson, “Mischief Night.” In Detroit, they called it “Devil’s Night.” In 2020, Americans just call it “Friday.” On the menu today: wondering ... Read More
Elections

Late Campaign Stops Don’t Seem to Do Much

Growing up in New Jersey, we called nights like tonight – where there were expectations for hooliganism -- vandalism, breaking windows, and perhaps even arson, “Mischief Night.” In Detroit, they called it “Devil’s Night.” In 2020, Americans just call it “Friday.” On the menu today: wondering ... Read More

Searching for a Sign

I’ve been waiting for almost six months to see a Biden-Harris yard sign in my neighborhood. Finally one -- just one -- appeared about two weeks ago. It is large and proud. The homeowners even equipped it with a spotlight, so that it is visible at night. I’m surprised, because liberal political yard signs ... Read More

Searching for a Sign

I’ve been waiting for almost six months to see a Biden-Harris yard sign in my neighborhood. Finally one -- just one -- appeared about two weeks ago. It is large and proud. The homeowners even equipped it with a spotlight, so that it is visible at night. I’m surprised, because liberal political yard signs ... Read More
White House

Hell, Yes

Editor’s Note: If you would like to read more pros and cons on voting for President Trump, further essays on the subject, each from a different perspective, can be found here, here, here, here, and here. These articles, and the one below, reflect the views of the individual authors, not of the National ... Read More
White House

Hell, Yes

Editor’s Note: If you would like to read more pros and cons on voting for President Trump, further essays on the subject, each from a different perspective, can be found here, here, here, here, and here. These articles, and the one below, reflect the views of the individual authors, not of the National ... Read More