[This is the linked transcript of my regular KVMR commentary broadcast on 6 December 2013.]
Developed nations around the world are up to their ears in unmanageable debt while facing demographic tsunamis of workers getting ready to retire with un- or underfunded pensions. In response, more people in governments and finance worldwide are beginning to eye wealth taxes as the preferred attempt toward a solution. Never mind that in the end the numbers will not add up, it’s the populist politics in the interim that matter. So what’s new?