Are you wealthy? Do you have money? Tim Walz could take away your money if he is elected VP; here's how
Tim Walz made Minnesota one of the most progressive states in the union by enacting a plethora of tax cuts, credits, and rebates for low- and middle-class families and moderate tax hikes on the wealthy.
But if the Harris-Walz Administration ticket wins the election, what consequences would his progressive policies have for the wealthy across the country?
For insight on how Walz's five policies could affect the wealthy if he becomes the Vice President, the economists Stan V. Smith, Ph.D., President of Smith Economics Group, LTD. in Chicago, and Michael Collins, CFA, Founder & CEO of WinCap Financial in Boston, have provided comprehensive analysis.
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The conflict between wealth creation and transfer is constant, and Walz will continue to push policy closer to the progressive left than it has been, according to Dr. Smith. Walz and Harris support policies that will essentially regulate markets and result in increased government supervision since those things require an administrative state to accomplish. According to some states, the most effective way to transfer wealth is to give money to the impoverished. Walz is more in line with the idea of hands-on transfer, which calls for an intermediary layer to handle administration. That's one area of government that will grow.
Grocery store price limits may lead to shortages and closures, as incentives to supply may decrease. This could result in people moving out of town or
