Wealth Taxes - The Market Variates All the Time

A dozen european countries had a wealth tax in 19 90, but most abandoned them because they were ineffective and expensive to administer. Wealth taxes distort behavior in the way that is harmful the economic growth in national prosperity by taking of people's wealth. A tiny, one tenth of one % tax on financial transactions, just one dollar per one thousand dollars traded, would provide housing vouchers to all homeless people in america. More than 12 times over. Homelesstess has been solved by raising 77 billion dollars per year. That's enough to pay for universal child care and tuition for everyone.