Does Taxing the Rich Make Us Wealthy?

 Watch Here:  https://www.youtube.com/watch?v=oUKHD5iEc6Y

Politicians often claim that if the rich just “paid their fair share,” we could fund everything from free college to universal healthcare. But economics - and history - tell a different story. In this video, we break down why “taxing the rich” isn’t the silver bullet it sounds like. From France’s failed millionaire tax to JFK and Reagan’s pro-growth reforms, we’ll explore how high tax rates often backfire by discouraging investment, driving people away, and shrinking the economy. You’ll also learn who actually pays the majority of U.S. taxes, why the math doesn’t add up for wealth taxes, and what real prosperity looks like when incentives are aligned. Learn more by going to FEE.org or our Substack: https://thefreemanmag.substack.com/ Sources: Taxes and Growth: A Cautionary Graph — Brookings Institution https://www.brookings.edu/articles/ta... History Shows Raising Top Tax Rates Doesn’t Lead to Revenue Windfalls — National Taxpayers Union Foundation https://www.ntu.org/foundation/detail... Taxes Have Consequences: An Income Tax History of the United States — EconLib https://www.econlib.org/taxes-have-co... The Reagan Tax Cuts: Lessons for Tax Reform — Joint Economic Committee (U.S. Congress) https://www.jec.senate.gov/public/ind... Revenue Effects of a 70 Percent Top Tax Rate — Penn Wharton Budget Model https://budgetmodel.wharton.upenn.edu... Summary of the Latest Federal Income Tax Data, 2023 Update — Tax Foundation https://taxfoundation.org/publication... France Forced to Drop 75% Supertax After Meagre Returns — The Guardian https://www.theguardian.com/world/201... Don’t Forget About Migration’s Long-term Implications — Pacific Research Institute https://www.pacificresearch.org/dont-... Why Europe Axed Its Wealth Taxes — Cato Institute https://www.cato.org/commentary/why-e... The Law — Frédéric Bastiat (via FEE) https://fee.org/resources/the-law/