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The Wrong Way to Tax Billionaires

City Journal
November 1, 2021
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While “taxing the wealthiest 1%” has perennial appeal among left-leaning populists, if ever implemented it is likely to be far more of a vote-getter than a money-maker. In City Journal, Aswath Damodaran highlights the bizarrely narrow scope and likely downstream damage of U.S. President Joe Biden’s much-touted “Billionaire Tax.”

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Javier Milei Makes Fools of the “Experts”

As it began looking like Javier Milei might actually be elected President of Argentina, more than 100 leading international economists warned that this “far-right” political “wrecking ball” would “cause ‘devastation,’ spike inflation, expand poverty, and unemployment.” But as David Harsanyi relates in the Washington Examiner, Milei has tamed inflation, balanced the budget, shrunk the bureaucracy, deregulated the economy, driven down poverty and repaid billions in U.S. loans. And now, Harsanyi notes, Argentina is starting to boom.

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