Progressives love to point to Europe as an example for their policies. So let’s look there. In Europe, we find that the wealth tax as a policy has a fundamental flaw. Thirty years ago, 12 European countries had some form of wealth tax. Now, only three remain. Why is that?
Wealth Tax History in Europe Is Instructive
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When not caused by war, nations decay slowly and gradually (e.g., modern day France, Italy, Spain, Greece etc.).