• Critics say a wealth tax wouldn't work. Argentina just brought in $2.4 billion with one

    7 days ago - By Business Insider

    Congress in Buenos Aires, Argentina.
    Natacha Pisarenko/AP
    A one-off tax on Argentinian's wealthiest brought in around $2.4 billion for pandemic recovery.
    The measure was passed in December, as worldwide critics of wealth taxes said they weren't feasible.
    Critics say they're difficult to implement, and the ultrawealthy will dodge them, but Argentina raised more than expected.
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    A one-off wealth tax on the wealthiest Argentinians brought in around $2.4 billion to help address pandemic costs, according to the Buenos Aires Times. In December...
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