Wealth Tax: Sen. Warren’s Latest Bad Idea Will Slow Growth And Kill Jobs

February 17, 2019  —  By

Hand it to the all-new, far-left Democratic Party: They’re not short on bad ideas. On the heels of Rep. Alexandria Ocasio-Cortez’s plan to tax “the rich” at 70% or higher, comes Sen. Elizabeth Warren’s idea to also impose a wealth tax on those at the top.

In the case of Warren, she says “economists” estimate her proposed 2% tax on those with more than $50 million in wealth, 3% for billionaires, will produce a gusher of revenue over 10 years, $2.75 trillion to be exact. It won’t happen.

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