Commentary

What's Behind the Wild New Wealth Tax Proposals?

By Veronique de Rugy
Thursday, February 05 2026

When government grows to dominate ever-larger shares of the economy, and when politicians refuse to be responsible about what they spend, there's a predictable next move: Insist that the problem is "the rich" not paying enough. Never mind that high earners already shoulder a disproportionate share of the tax burden. Never mind that relying on a small and mobile group of people for the bulk of your revenue makes public finances more volatile, not more stable. No, once spending is treated as untouchable and restraint as politically impossible, it's only a matter of time before politics…

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"Documents recently obtained by Sen. Chuck Grassley, R-Iowa, included an anomaly in the classification coding -- one that indicates FBI agents intentionally misclassified information to conceal evidence of Biden-family corruption.On Monday, Grassley highlighted the discovery in a letter he penned to Attorney General Todd Blanche, FBI Director Kash Patel, and Director of National Intelligence Jay Clayton…[more]

— Margot Cleveland, The Federalist

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