The irony of Mamdani. His system of free stuff only works if you can tax the rich. The problem is, the rich can afford to leave. So if all the rich people leave who are you going to tax to pay for your free stuff? And this my friends is why socialism always fails.
This is insane. People who have moved out of California over the past 10 years are receiving letters from the state government demanding they respond to why they left, how they moved their belongings from point A to point B and where they moved to in an attempt to tax them.
Norway’s wealth tax increase, expected to raise $146M, led to a $448M net loss as $54B in wealth left the country, reducing tax revenue by $594M.
ALEX RECOUSO
CO-FOUNDER AND CEO
Martin Erlić @SeloSlav 1d
Wealth taxes are the only way we don’t go extinct. I hope Europe keeps moving in this direction. When the US collapses in on itself, Europe wil
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