Designing a Tax That Doesn't Reward Failure

Taxing wealth would shift resources to stars like Jeff Bezos from less successful managers like Donald Trump.

Give this man a break.

Photographer: Nicole Craine/wireimage/getty images

Most of us haven’t seen Donald Trump’s tax returns, and we may never get that chance. But one thing we do know, thanks to the New York Times, is that Trump declared a $916 million loss in 1995, mostly likely from his troubled casinos and other businesses.

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