The Wealth Tax Revival Is Repeating a Failed Experiment

California is looking to impose a new wealth tax to fleece the state’s billionaires. While supporters of the tax claim it will raise more than $100 billion, if passed, it likely will crash in the same manner that wealth taxes in other countries like Sweden and Colombia have done.

Original article: https://mises.org/mises-wire/wealth-tax-revival-repeating-failed-experiment