Putting Tax on Wealth Means We Must 1st Measure It

Presidential candidate Elizabeth Warren wants to impose an annual wealth taxon the fortunes of rich Americans. The tax would be limited to households whose net worth is at least $50 million, in other words, to the wealthiest 0.1% of all families. The annual tax rate would start at 2% of a family's net worth over $50 million and rise to 3% for families with wealth greater than $1 billion. Just 75,000 households would be required to pay the new tax, but Sen. Warren predicts it would raise an additional $2.75 trillion over the next decade.