Most—Not All—Advisors Think Warren’s Wealth Tax Would Be a Disaster

February 3, 2019  —  By

Not all advisors work with investors who would be impacted by Sen. Elizabeth Warren’s controversial wealth tax, but most have strong opinions about the impact the proposed tax would have on the U.S. investment markets, wealthy investors and the U.S. economy as a whole.

The controversial tax proposal, which is a centerpiece of Warren’s bid to become the Democrat nominee for president in 2020, would levy a 1% tax on those who have $50 million to $1 billion in wealth, rising to 2% for those with $1 billion and above. While Warren has put the revenues her tax would raise in the trillions, pundits are already challenging the constitutionality of the tax as well as the difficulty of valuing assets.

 

Read More