Problem
Many European countries have imposed a wealth tax. It is typically based on everything a person owns minus everything the person owes (the difference between what is owned and what is owed is called net worth). Put yourself in the shoes of an individual in a country that has just decided to impose a wealth tax. How does a wealth tax affect your incentive to accumulate wealth? How does it affect your incentive to work hard?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.