‘ECONOMIC ILLITERACY': Economist calls out ‘CRAZY' ideas from Dems

• Washington state signed a 'millionaire's tax' into law, reflecting a broader Democratic push for wealth taxes.
• Bernie Sanders advocates for 'profitable corporations and the wealthiest people' to pay their 'fair share' of taxes, a sentiment polls suggest is popular.
• Panelists argue that high wealth taxes cause wealthy individuals and businesses to relocate from states like New York and California to lower-tax states, ultimately harming the economy.
• Bernie Sanders' 'Home Team Act,' proposing government intervention in sports team relocations and ownership, is labeled as 'socializing sports' and 'economic illiteracy.'

The discussion criticizes Democratic economic policies, specifically wealth taxes and government intervention in sports. Panelists argue that 'tax the rich' policies, while popular, lead to capital flight from high-tax states and demonstrate 'economic illiteracy' when applied to private enterprises like sports teams. The conversation also touches on social commentary regarding family size and wealth.