“Trust me bro. Supply-side economics doesn’t produce Hoovervilles and Keynesian economics totally didn’t build the post war middle class. If billionairs own everything, you won’t have to worry about resource scarcity. If you can just own nothing, YOU WILL LOVE IT!”
Most billionaire wealth isn't in yachts or jewelry — that's just a few percent of it. Most is productive business capital: companies that employ people, build things, and fund research. Tax that wealth and you're taxing the businesses that employ us all. Cato's Adam Michel explains.
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