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There's an old saying: Those who can, do; those who can't, teach. A similar idea underscores the debate over wealth taxes in California and elsewhere: Those who can, build companies. Those who can't, devise ways for the government to take shares in what others have built. This new version ...

Remember "affordability" mania? The time was 2025. A young, charismatic democratic socialist candidate for New York City mayor named Zohran Mamdani became a viral sensation. His secret? "Affordability." Ask him about almost anything and he'd turn the conversation to affordability. When a ...