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Elizabeth Warren to propose 'wealth tax' on Americans with more than $50 million in assets [trunc]
CNBC ^ | 24 JAN 19 | Kevin Breuninger | Tucker Higgins

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 ...


TOPICS: Breaking News; Business/Economy; Constitution/Conservatism; News/Current Events; US: Massachusetts
KEYWORDS: 2020; crockajawea; elizabethwarren; fauxahontas; liawatha; massachusetts; slingingbull; socialism; socialists; taxandspend; warren; warren2020
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To: Bucky14

“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.


161 posted on 01/27/2019 8:44:53 AM PST by Heart of Georgia
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To: DCBryan1

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.


162 posted on 01/27/2019 8:54:37 AM PST by Texas resident (Democrats=Enemy of People of The United States of America)
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To: DCBryan1

Only reason she wants this is because she has already hidden her ‘wampum’ offshore.


163 posted on 01/30/2019 11:05:34 AM PST by KIDFOH
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