wealth tax

Why Wealth Taxes Fail

Eat the rich…then what?

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Andrew Heaton with wealthy people and Elizabeth Warren in a tug of war over a bag of money. | ReasonTV
(ReasonTV)

California progressives are pushing for a tax on billionaires; so are senators like Elizabeth Warren (D–Mass.) and Bernie Sanders (I–Vt.). But as Andrew Heaton explains, such programs don't work. Just ask France.

Andrew Heaton is a producer at Reason. He is the author of, most recently, Tribalism Is Dumb: Where It Came From, How It Got so Bad, and What To Do About It.