Who Pays Wealth Tax: The Rich or the Poor?

Tags: Capitalism, Labor and Wages, Taxes and Spending

12/05/2022 Jesús Huerta de Soto

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?”

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