The Enormous Cost Of Taxing The Rich
ValueWalk
Imposing additional taxes on the rich sounds like a good idea and has been a very popular rallying cry among many politicians and voters. Yet, each time governments attempt to implement a wealth tax, the result is actually less tax revenue. Q4 2021 hedge fund letters, conferences and more The Argument Of Taxing The RichArguments to tax the rich come from the misplaced notion that the wealthy among us take money from everyone else. This is untrue. Wealth creators represent a small minority who are willing to put in tremendous amounts of work and take enormous risk in the hopes of both monetary …