wealth taxes

Ultrawealthy Americans are increasingly seeking foreign citizenship or residency through programs like golden visas as a precaution against potential wealth taxes. Advisors describe second passports as 'insurance,' with a 183% rise in inquiries from U.S. nationals at Henley & Partners between Q1 2024 and 2025. Californians are preparing for a possible 5% one-time tax on billionaires, prompting asset relocations and relocations to states like Florida.

The new PM's proposed business rates policy and wealth taxes are estimated to cost £880m, raising concerns about a lack of government planning. Critics fear there is no clear strategy to address financial implications.

Tony Blair warns Andy Burnham against implementing 'wealth taxes' as Burnham plans to expand the 'mansion tax' to more homes.

Andy Burnham is being urged to adopt radical economic policies like rent control and higher wealth taxes to help Labour retain its majority in the next election, according to a detailed opinion poll. The poll suggests such measures could counter Reform UK in key seats, though Labour risks losing its majority if these policies are not implemented.

Graham Platner, a Maine Senate candidate, proposed jailing billionaires for looking at political ads 'the wrong way' as part of his far-left campaign finance reform agenda. Critics highlighted his endorsers' ties to billionaires and accused him of hypocrisy, while also referencing allegations from ex-girlfriends about his past behavior. Platner also advocated for universal health care, wealth taxes, and a Green New Deal.

Graham Platner, a Maine Senate candidate, proposed jailing billionaires for looking at political ads 'the wrong way' during a speech promoting a far-left agenda including universal health care and wealth taxes. His remarks drew criticism from Republicans, who highlighted his endorsers funded by billionaires and accused him of promoting 'Marxist dystopian' ideas. Platner's campaign faces additional scrutiny due to allegations of past abusive behavior from multiple ex-girlfriends.

The article argues that wealth taxes have a poor historical track record, citing European examples as a cautionary tale. It suggests that attempts to implement such taxes are likely to fail based on past experiences.