{
  "id": 926495,
  "title": "Why Wealth Taxes Always Fail",
  "url": "https://urgent.news/2026/08/05/why-wealth-taxes-always-fail",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-05T15:12:10.000Z",
  "source": {
    "name": "Tax Foundation",
    "slug": "tax-foundation",
    "url": "https://taxfoundation.org/oped/wealth-tax-government-revenue/"
  },
  "original_language": "en",
  "account": null,
  "summary": "Though they are often framed as affecting only the richest households, the economic effects of wealth taxes extend much further by reducing capital formation, discouraging entrepreneurship, curtailing wage and employment growth, and ultimately weakening the overall economy.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}