The ‘Tax the Rich’ Delusion of the Democratic Left

By Brian Riedl:

Ever hear anyone on the left spell out exactly how they’re going to pay for Medicare for All, free college, and all the rest? Didn’t think so.

The Democrats’ incoming House majority—and its Senate caucus of presidential wannabes—are about to face fiscal reality.

When confronted with how to pay for their extraordinarily expensive policy agenda, the answer of liberal lawmakers, analysts, and advocates is nearly always the same: tax the rich.

Read more: Manhattan Institute