Two prominent Democratic presidential candidates want to impose “wealth taxes” on millionaires’ holdings. A prominent liberal economist declares that no billionaire ever made their fortune legitimately. John Cochrane, a renowned economist and the Hoover Institution’s Jack and Rose-Marie Anderson Senior Fellow, explains how and why “wealth” became a pejorative term and where we go from here.

Subscribe to Area 45 in Apple Podcasts (and leave a 5-star review, please!), or by RSS feed. For all our podcasts in one place, subscribe to the Ricochet Audio Network Superfeed in Apple Podcasts or by RSS feed.

There is 1 comment.

Become a member to join the conversation. Or sign in if you're already a member.
  1. MISTER BITCOIN Member

    wealth taxes have been tried in Europe and they didn’t work which is why they don’t exist in Europe except for a few hopeless basketcase countries like Spain and Greece.

    In fact, the cost of collection was greater than the money collected

     

    • #1
    • November 21, 2019, at 10:57 PM PST
    • Like