Friday briefing: Would a wealth tax save our public services or be billionaire repellent?
Debate resurfaces over imposing a wealth tax on the ultra‑rich, with proponents arguing it is a moral duty to fund public services, while opponents claim it could prompt capital flight and harm the economy. Analysts suggest the outcome may lie between these extremes, weighing revenue potential against possible disincentives for investment. The discussion reflects broader tensions on fiscal policy and inequality.