The Unintended Consequences of Taxing the Rich
About this episode
Tom Wheelwright discusses the economic implications of taxing the rich with Dr. Art Laffer.
👉 https://bit.ly/41d3Kmy 👈 CLICK HERE Ready to change your financial future? Join Tom Wheelwright, Robert Kiyosaki's CPA, and apply to the WealthAbility Accelerator today! The clarion call across the country right now is to "tax the rich." From California's proposed wealth tax to the millionaire taxes in Washington and Massachusetts, proponents argue it's about fairness. But what are the actual economic consequences when you punish productivity? Join Tom Wheelwright as he sits down with economic legend Dr. Art Laffer to dissect why progressive wealth taxes trigger catastrophic economic collapses, how history proves that lowering tax rates actually increases government revenue, and why redistribution always shrinks the total economic pie. Dr. Art Laffer is the father of supply-side economics and one of the most influential economists in modern history. He served as a member of President Reagan's Economic Policy Advisory Board for both terms, anchoring the historic tax cuts of the 1980s. He has also advised British Prime Minister Margaret Thatcher, U.S. Secretaries of the Treasury, and various state governors across the political spectrum. A brilliant academic and mathematician…
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