Posted on 01/24/2019 11:10:12 AM PST by DCBryan1
Sen. Elizabeth Warren, D-Mass., is planning to propose a "wealth tax" on some of the richest Americans, an economist who advises her told CNBC on Thursday.
The new tax from Warren, who recently announced her bid to challenge President Donald Trump in 2020, would only apply to Americans with more than $50 million in assets.
The Washington Post first reported the development.
Warren's proposal comes alongside other Democratic lawmakers' plans to raise taxes on the wealthiest Americans to pay for ambitious policy goals, including a "green new deal."
(Excerpt) Read more at cnbc.com ...
“the Gov will soon take over 401K’s”
I’m sure that’s in the works. I remember Jesse Jackson speaking at the Dim National Convention one year, and he told the crowd the dollar amount that was in government employee’s retirement savings accounts. Then he said, “why can’t WE have some of that money?”
Dims must have paid him to shut up about it because I never heard him mention it again.
A friend of mine immigrated (legally) here from The Netherlands. His father was “graced” with a wealth tax every year even in retirement. Eventually they took everything from him including his furniture and his home.
That is why the guy left The Netherlands to come here.
That is what a wealth tax will do.
Only reason she wants this is because she has already hidden her ‘wampum’ offshore.
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