Wealth tax is double taxation on future earnings that do not exist yet. Small owners get crushed while big players survive.
Leftists either cannot do basic math or want destruction on purpose. Real world examples in Europe show businesses fleeing or shutting down. “Wealth tax explained: 1. Laura loves to cook, she risks all her life savings and opens a small restaurant: Laura‘s Kitchen 2. Laura works really hard, evenings, weekends, no vacations 3. The local …