There's no case for a wealth tax

A wealth tax is a pernicious tax because it taxes the same wealth year after year after year. It is double taxation and an attack on property rights far greater than the attack on property rights that comes from taxation in general. A wealth tax specifically targets only income that people choose to save and invest and build up into a store of property and assets.

Read the full blog post here

Source: http://www.iea.org.uk/blog/theres-no-case-for-a-wealth-tax

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