Taxing the rich isn’t as politically sound as progressives make it out to be
“Tax the rich!” shout progressives. Why not? America’s richest people are ridiculously rich. “Five bucks to you is like $6 million to billionaire Jeff Bezos!” shrieks Sen. Elizabeth Warren. Taking more from billionaires and millionaires just seems fair. That’s why Washington state passed a new “millionaire’s tax,” California will soon vote on a “billionaire’s tax,” and my mayor in NYC shouts, “increase taxes on the wealthiest New Yorkers!” Don’t these politicians realize that in America, people can move? The same day Washington’s House ...