Warren's wealth tax will generate $1 trillion less than she claims, study finds

CBS News ^ | December 12, 2019 | BY AIMEE PICCHI

[Still Thinking]

Wait, so the socialists are now going to tax us LESS than they claim they’re going to? Sly bastards....they’ll try anything

[Still Thinking]

Geez, what do you have against Wiccans, comparing them to politicians!

[catnipman]

“Warren has proposed imposing a 2% surcharge tax on wealth of $50 million or more, with the rate rising to 6% on billionaires”

there’s no Constitutional authority to seize private property like this ... just like the income tax, a so-called wealth tax would require a Constitutional amendment ...

[Seruzawa]

Oh crap. You’re right that was unfair of me.

[Vinnie]

The nonpartisan research group says Warren's wealth tax is likely to generate $2.7 trillion over a decade, or about $1 trillion less than she expects, partly due to tax avoidance by wealthy families.

Estimates for Medicare For All run $24.7 T to $54 T over 10 yrs.

$2.7 T tax on 'the rich' doesn't begin to cover it. Maybe 10% ?
Who pays the rest??
Guess who, us.!