<p>Report: Wealth Taxes Are Inefficient, Stifle Economic Growth</p>

Report: Wealth Taxes Are Inefficient, Stifle Economic Growth

Cato Institute

Several European nations have found that imposing taxes on wealth and capital income — as several Democratic presidential candidates have proposed — undermines economic growth and encourages tax avoidance and capital flight, Chris Edwards of the Cato Institute said in an August 1 report.

<p>Several European nations have found that imposing taxes on wealth and capital income — as several Democratic presidential candidates have proposed — undermines economic growth and encourages tax avoidance and capital flight, Chris Edwards of the Cato Institute said in an August 1 report.</p>