How to Tax Billionaires
Ștefania Anghel
If you made money last year, you will almost certainly owe taxes on April 15. And if you made a lot, you will probably owe a lot. That’s true for most Americans—just not the richest ones. And if that makes you angry, you’re justified in feeling that way. But the solution you’re hearing from a lot of politicians at the state and federal levels—wealth taxes—isn’t the answer. Instead of introducing a new, difficult-to-administer, and potentially unconstitutional tax, we should do something simpler:
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