Economist Daniel Lacalle says a 35% wealth tax would backfire by raising deficits and debt, hurting investment and jobs. He warns it could trigger capital fligh

BWB News TV • 2026-08-17 08:06 UTC • By Billy Odell Tucker-Robinson

Economist Daniel Lacalle says a 35% wealth tax would backfire by raising deficits and debt, hurting investment and jobs. He warns it could trigger capital flight, leaving average citizens with higher taxes and lower prosperity.

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