Who Pays Wealth Tax: The Rich or the Poor?

12/05/2022Jesús Huerta de Soto

Narrator:

Spain's government is attempting to levy a wealth tax ostensibly to be "in solidarity with the poor." Because wealth taxes ultimately help lower real wages, there will be more poor people to share in the "solidarity."

Original Article: "Who Pays Wealth Tax: The Rich or the Poor?"

This Audio Mises Wire is generously sponsored by Christopher Condon.

Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.

Author:

Contact Jesús Huerta de Soto

Jesús Huerta de Soto, professor of economics at King Juan Carlos University, is Spain's leading Austrian economist, and a Senior Fellow of the Mises Institute. As an author, translator, publisher, and teacher, he also ranks among the world's most active ambassadors for classical liberalism. He is the author of Money, Bank Credit, and Economic Cycles, as well as Socialism, Economic Calculation and Entrepreneurship (Edward Elgar 2010), The Austrian School (Edward Elgar 2008) and The Theory of Dynamic Efficiency (Routledge 2009).