Why does Elizabeth Warren want to hit America's 75,000 richest families with a $3 trillion wealth tax? Ostensibly to pay for stuff. Stuff that would supposedly create "an economy that works for everyone," as she puts it. And in the presidential candidate's view, that expensive effort means pricey new federal programs such as universal childcare and student loan debt relief. All paid for through her annual 2 percent levy on fortunes above $50 million, plus an extra 1 percent on wealth excess of $1 billion.
Read Full Article »
