Wealth and Taxes

“In the end, this is all about political power.  Saez, Zucman, and others on the left want to transfer power from private hands to the government while eliminating other sources of financial power that may compete with the government.  Whether that is a good idea depends on your view of how bad private versus government power is.”  John H. Cochrane, “Wealth and Taxes,” Cato Institute: Tax and Budget Bulletin No. 86, 2/25/2020.

 

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