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Multiple European countries have wealth taxes in order to sustain their extensive social safety nets, and California is apparently considering a “wealth tax” of it’s own to aid the state’s billion-dollar budget deficits. Taxes like this are unfair and don’t play out the way bureaucrats promise. This 5-Minute Video is one of the first videos PragerU ever made—and it remains incredibly relevant today. Especially with recent scandals like Somali tax fraud in Minnesota, as hardworking Americans pay for the excesses of blue-state bureaucracy. The inevitable consequence of progressive income tax policies is always that the hardest working and most productive pay more than their fair share while funding the waste and fraud of those who want a free ride. |