Why does The Economist hate wealth taxes?

The intelligentsia are going all-in against wealth taxes. Are they just trying to mislead us, or do they have valid criticisms? Get TAX WEALTH NOT WORK t-shirt and stickers – https://shop.garyseconomics.org/CHAPTERS(00:00) Intro(00:55) Are we a meritocracy or an inheritocracy?(06:53) Inheritance tax vs wealth tax(12:27) Would it deter innovation?(18:52) Taxing the most productive people(21:07) The Economist’s integrity(22:21) What our intellectual elites think(25:40) Confused or misleading?(27:30) They are trying to distract you(28:42) Why journalists bat for billionaires(30:26) If you have less than £10m listen to this(34:47) Wealth taxes are NOT far-left(36:56) We need the intellectual classes(38:45) They are scared we’re going to WIN