Sure,Trump Proposed at 14.25% Wealth Tax – Because Trump Knows About Taxing Wealth

Donald Trump did indeed propose a 14.25% wealth tax for the United States – this being proof that Donald Trump actually knows something about the taxation of wealth. As opposed, say, to Matt Yglesias.

The important point about Trump’s wealth tax being that it accords with standard economic theory, in that it would be once and it would be unexpected. Which is why the IMF has flirted with the idea – but the point is again that such a tax must be once and it must be unexpected.…

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