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    Europe tried wealth taxes. Most gave up.

    Democratic senators are advancing a series of proposals to tax America’s wealthiest households, with supporters projecting trillions in new federal revenue. Critics, however, argue the plans would generate far less than promised while creating economic and legal complications. Democrats have introduced four major proposals this year aimed at millionaires and billionaires. Phillip Magness, a senior […]

    The post Europe tried wealth taxes. Most gave up. appeared first on The Black Chronicle.

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