Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
Tom Clougherty Profile picture
Tom Clougherty
@TomClougherty
Executive Director & Ralph Harris Fellow @iealondon
Jul 7 • 9 tweets • 3 min read
Wealth taxes are a bad idea, economically and practically, and have no compelling justification.

🧵 (1/9) They are much more significant than they sound.

Say you have £100 of shares that produce a 5% return (£5), but are subject to a 2% wealth tax (£2).

The wealth tax equals a 40% tax on the return on investment. (2/9)