MORE OF THE SAME: Elizabeth Warren Proposing New ‘Wealth Tax’ On Rich Americans

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 with assets above $50 million, as well as a 3 percent wealth tax on those who have more than $1 billion, according to Saez.

The wealth tax would raise $2.75 trillion over a ten-year period from about 75,000 families, or less than 0.1 percent of U.S. households, Saez said.

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Warren’s campaign declined to comment on details of the plan.

This is her same old song and dance. See the tweets below:

She’s like a broken record.

 

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