Progressive wealth tax and what it really means for middle America Economic War Room Ep 66


A recent Politico poll showed 76 percent of registered voters want higher taxes on the rich.  Progressives say higher taxes will only apply to the ultra-wealthy, but history shows it will eventually apply to the rest of us if they have their way. Some politicians are looking to set up a system that will incentivize the wealthiest people in this country to actually leave the country. In 1990, there were twelve developed nations with wealth taxes and because of the disastrous results only four of those nations that have retained their wealth tax from 1990 to the present. Jeff Diest from the Misis Institute joins the Economic War Room to highlight the real consequences of a wealth tax.




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