Most of it is someone founded a company and then they have paper wealth, which maybe they can turn into real wealth, but until they do that, they're not really doing. So that's just the problem with it. That's why people change their behavior. The wealth taxes don't work. When they tried to do it in some of these European countries, the revenue went down. It didn't go up. What Bernie Sanders is now talking about would cause our revenue to go down. It wouldn't actually go up. (16:55–17:01)
CLAIM
Asserts that wealth taxes have historically reduced revenue in European countries.
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