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To help pay down the EU's accumulated debt from funding the post-pandemic economic recovery, the EU is considering implementing a new wealth tax on its member states. Most European Union member states have done away with their net wealth taxes over the past three decades because of the harm they did to long-term economic growth, innovation, and entrepreneurship.
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The people in charge of the economy in Norway forgot a very easy lesson, and now they can do little but watch as the people who make money in their country leave.
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As a way to be 'fair,' President Biden wants a wealth tax. It goes against the Constitution and hurts the business.
To help pay down the EU's accumulated debt from funding the post-pandemic economic recovery, the EU is considering implementing a new wealth tax on its member states. Most European Union member states have done away with their net wealth taxes over the past three decades because of the harm they did to long-term economic growth, innovation, and entrepreneurship.
