If levied, the “billionaire tax” targeting unrealized capital gains would penalize entrepreneurship and have unprecedented destructive potential
The beauty of the market is that it rewards people for creating value for others. Discover new means of creating value means trying new things, being entrepreneurial, and, yes: failing.
Professor Donald Boudreaux has an excellent piece over at Cafe Hayek, where he rebuts a common argument he’s been hearing lately in support of Donald Trump: Trump has proven time and again he knows his stuff when it comes to economics. He has a personal wealth of $10Billion proving his understanding. Hard to argue with […]