Saturday 16 December 2017

Moving the Faberge egg abroad is why wealth tax won't work

A levy on the super rich often only scares away the people who create jobs and wealth

'You are getting more mergers that are tax driven,' said investor Warren Buffett
'You are getting more mergers that are tax driven,' said investor Warren Buffett
Thomas Molloy

Thomas Molloy

WHAT do Alex White, Sinn Fein, the Bundesbank and Warren Buffett have in common?

Answer: they all support a wealth tax on the super rich.

Alex White surprised many of the Labour Party's dwindling band of well-off supporters the other night when he floated a wealth tax during the first leadership debate with Joan Burton. The idea seemed to have been plucked out of thin air but the notion of a wealth tax has been in the ether for decades.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Promoted Links

Today's news headlines, directly to your inbox every morning.

Don't Miss