Matters Of Policy & Politics: Party Like It’s 2010?

Hoover Institution fellow Benjamin Jaros discusses the wealth tax and what might happen if implemented.

I was invited to the “Festival Internazionale dell’ Economia” in Turin, to speak about inflation and debt. The grand topic of the conference is “Saving the welfare state” (“Salvare lo stato sociale”). So, I added some typically grumpy comments on that topic.

Why billionaires are leaving in response to a proposed one-time wealth tax, and why the resulting income tax losses belong in the fiscal score.