How Elizabeth Warren’s greedy wealth tax will make us all poorer
Mihaela Chircă
What irony: The Democrats in Congress who repudiated President Donald Trump’s “Build the Wall” plan to secure our border now want to construct a financial Berlin Wall to prevent Americans from leaving. Sen. Elizabeth Warren (D-Mass.) last week introduced legislation to establish America’s first-ever wealth tax: a 2% per year levy on the wealth — not the earnings, but the holdings — of those with assets worth $50 million or more, plus an extra 1% imposed on billionaires. She calls it the “
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