It’s time for a wealth tax in America. Here’s how it works. Consider two people: - An heir with $500 million worth of yachts and jewelry and art - A public school teacher with no savings in the bank They both bring home $50,000/year. And they both pay the same amount in federal taxes. That’s a system that is rigged for the top. My plan: Just a two-cent #WealthTax for every dollar over $50 million in assets and a few more cents for every dollar of wealth over $1 billion. With that, with the wealt
It’s time for a wealth tax in America. Here’s how it works. Consider tw…
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Elizabeth Warren in 85 seconds
Elizabeth Warren in 85 seconds
Jan 8, 2015
CNNMoneyTami Luhby
I’m pleased to join the Senate Finance Committee to make the rich and powerful finally pay their fair share in taxes and to build economic security for struggling families, including through the budget reconciliation process. There’s a lot of work to do. My first order of business on the committee that leads tax and revenue policy in the Senate will be to introduce legislation for a #WealthTax on fortunes above $50 million. It is time to make the ultra-rich pay their fair share. https://www.warr
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I’m pleased to join the Senate Finance Committee to make the ri…
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The American people know that our tax system is rigged for the ultra-rich – and the overwhelming majority believe that it's time for a #WealthTax to build a future for the rest of America. | U.S. Senator Elizabeth Warren
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