Free Republic

Elizabeth Warren has again proposed a federal wealth tax. The reality that the Supreme Court could declare a federal wealth tax to be unconstitutional is apparently irrelevant to Senator Warren. The possibility of a deep negative economic consequence to the United States as the result of a wealth tax is apparently irrelevant to Senator Warren. The probability that the stock market would be slaughtered by wealthy investors all simultaneously selling stocks and bonds is apparently irrelevant to Senator Warren. The probability that the only buyers of stocks and bonds after a wealth tax would be foreign governments is apparently irrelevant...