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Europe’s Wealth Tax Failed. Why Do American Democrats Think It Will Work Here?
High-profile Democrats have again begun proposing high taxes on the wealthy to pay for their absurdly expensive social program suggestions. Media darling Rep. Alexandria Ocasio-Cortez (D-NY) proposed a 70% tax rate on anything earned over $10 million. Sen. Elizabeth Warren (D-MA), a 2020 presidential candidate, proposed a wealth tax last…
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