Who.What.Why.How. Wealth Taxes.

Who is pushing wealth taxes? “Left wing progressives”

What is a wealth tax? A tax on the market fluctuation of assets like homes, stocks, art

Why? “To  curb extreme wealth accumulation and fuel trillions in new public spending by targeting everything that income, property and capital gains taxes miss.”

How many states have proposed a wealth tax? 9 including California and Hawaii

What have the brains said about the wealth tax?

• “wealth tax in some countries seems more efficient to repel [the] rich than to effectively redistribute wealth.” – Alain Trannoy, a French economist

Do some states have constitutional protections from a wealth tax? Yes, New York’s prohibition on taxing intangible property is seen as preventing a wealth tax

Governing | The Impoverished Idea of a Wealth Tax