If A Wealth Tax Is Such A Good Idea Why Did Europe Kill Theirs?

(Planet Money NPR) - In late January Senator Elizabeth Warren whos in the race to become president in 2020 added a new kind of tax to the American conversation causing anxious pacing on superyachts in every port: a wealth tax. Its a cousin of the property tax but it encompasses all forms of wealth: cash stocks jewelry thoroughbred horses jets everything. Warren calls the policy her Ultra-Millionaire Tax. Read More