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Bernie Sanders's Dangerous Wealth Tax Distortions

Accurate and representative data is always a necessary ingredient for good tax policy proposals — after all, it’s hard to prescribe a treatment when you don’t have the correct diagnosis. Unfortunately, Senator Bernie Sanders (I-VT) has chosen a period of national crisis to deliver one of his biggest statistical whoppers yet. And just as the underlying data is faulty, his proposed policy recourse would be even more disastrous.

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