Why does The Economist hate wealth taxes?

<p>The intelligentsia are going all-in against wealth taxes. Are they just trying to mislead us, or do they have valid criticisms? </p><p><br></p><p>Get TAX WEALTH NOT WORK t-shirt and stickers – <a href="https://shop.garyseconomics.org/" target="_blank" rel="noopener noreferer">https://shop.garyseconomics.org/</a></p><p><br></p><p><br></p><p>CHAPTERS</p><p><br></p><p>(00:00) Intro</p><p><br></p><p>(00:55) Are we a meritocracy or an inheritocracy?</p><p><br></p><p>(06:53) Inheritance tax vs wealth tax</p><p><br></p><p>(12:27) Would it deter innovation?</p><p><br></p><p>(18:52) Taxing the most productive people</p><p><br></p><p>(21:07) The Economist’s integrity</p><p><br></p><p>(22:21) What our intellectual elites think</p><p><br></p><p>(25:40) Confused or misleading?</p><p><br></p><p>(27:30) They are trying to distract you</p><p><br></p><p>(28:42) Why journalists bat for billionaires</p><p><br></p><p>(30:26) If you have less than £10m listen to this</p><p><br></p><p>(34:47) Wealth taxes are NOT far-left</p><p><br></p><p>(36:56) We need the intellectual classes</p><p><br></p><p>(38:45) They are scared we’re going to WIN </p>