The Dems 2020 Nominee for President (my guess), Elizabeth “Pocahontas” Warren plans to steal the remaining value left in the economy.
The tax-and-spenders of the world are desperate to find new ways to pay for the crumbling welfare states of western democracies. And they’re targeting the “rich” to do it.
Senator Elizabeth Warren (D-Massachusetts), a 2020 presidential candidate, has proposed a 2% annual tax on assets of households with a net worth of $50 million or more. The tax would increase to 3% for billionaires.
Warren’s policy team estimates the wealth tax would raise an astonishing $2.75 trillion over the next decade. She suggests the tax would be a good way to start paying for proposals such as “Medicare for All.”
Some of the wealthiest people in the world support the idea. A public letter signed by George Soros, Facebook co-founder Chris Hughes, and the daughter of billionaire Charlie Munger calls for a wealth tax to “help address the climate crisis, improve the economy, improve health outcomes, fairly create opportunity, and strengthen our democratic freedoms.”
Note the comparisons to FR and CH. But, also understand, the same lies (with nearly the same numbers) are being pushed here, as were used to foist the Sixteenth Amendment in 1913. You know, only the very richest will may, but only 2%. A few decades later, everyone was paying and the 2% grew to 90%. Maybe another reason they don’t teach history or economics now.