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Daniel Lacalle: Wealth taxes risk driving jobs and capital away

Daniel Lacalle: Wealth taxes risk driving jobs and capital away
Wealth taxes drive jobs and capital away

Daniel Lacalle, chief economist / investment manager at Tressis Gestion, argues that wealth taxes amount to double taxation on already-taxed income, savings, property, and investment.

He contends that such taxes raise little revenue while creating a net negative effect by driving away capital, jobs, and innovation. Lacalle further claims that wealth taxes do not address inequality nor improve standards of living.

Lacalle has previously noted the U.S. dollar index climbing above 100 as global demand for U.S. assets hit a record high, according to a recent article. He has also argued that central banks overlook the role of public spending as a key driver of inflation, instead focusing on sovereign debt, as discussed in a separate report. These views reflect his broader skepticism toward government-led fiscal measures.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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