Billionaire Tax is Wrong, Unfair and Counter-Productive
4 min readMar 28, 2022
Overtaxing the wealthy reduces capital formation, slows economic growth and is simply not fair.
President Biden has just released his proposal for the Federal government’s budget for fiscal year 2023. In spite of an overheated, highly inflationary economy, Biden proposes a budget with a more than $1 trillion deficit and calls for a wealth tax on the very wealthy. That…