EU politicians and technocrats like to present themselves as progressive and enlightened policymakers. But that virtuous mask slipped after German auto giant Volkswagen announced that its new facility would be located in Turkey instead of an EU member nation.
Elizabeth Warren's wealth tax is based on the idea that the government knows how to use wealth better than the private sector. The plan also ignores that the wealthy have been shown to flee countries with a wealth tax.
Environmentalists rightly point out it is very difficult to manage a complex ecosystem. But they conveniently ignore the fact it's even more difficult to manage an economic system — especially one thrown into disarray by environmental regulations.