“Confiscatory” Wealth Tax.

Argentina Approves “Confiscatory” Wealth Tax On Millionaires

In an early glimpse of what wealth redistribution will look among developed nations in coming years, on Wednesday the lower house of Argentina’s Congress approved a bill seeking to raise 300 billion pesos ($3.75 billion) through a tax on the ultra rich to finance programs aimed at helping families hit by the COVID-19 pandemic.

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www.zerohedge.com/markets/argentina-approves-confiscatory-wealth-tax-millionaires

Coming to your country soon.

 

 

h/t Patagonians