Elizabeth Warren is trying to position herself on the far left for 2020 because she believes that’s what the base of the Democratic party wants. In an effort to do so, she’s now proposing a new wealth tax.
The Washington Post reports:
Elizabeth Warren to propose new ‘wealth tax’ on very rich Americans, economist says
Sen. Elizabeth Warren (D-Mass.) will propose a new annual “wealth tax” on Americans with more than $50 million in assets, according to an economist advising her on the plan, as Democratic leaders vie for increasingly aggressive solutions to the nation’s soaring wealth inequality.
Emmanuel Saez and Gabriel Zucman, two left-leaning economists at the University of California, Berkeley, have been advising Warren on a proposal to levy a 2 percent wealth tax on Americans […]
Read the full story from American Lookout
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