The New Yorker has published an article that examines Elizabeth Warren’s proposal for an annual wealth tax. The New Yorker article begins as follows:
As Senator Elizabeth Warren prepares for Thursday’s Democratic debate, in Houston, she is the first viable contender for the Presidency in decades to have proposed a direct tax on wealth. In January, she unveiled a plan to assess a two-per-cent levy on fortunes greater than fifty million dollars and to tax three cents on every dollar of wealth exceeding a billion dollars. Since then, economists have been debating the proposal’s practicality and desirability. During a conference at the Brookings Institution in Washington last week, some of the main protagonists faced off. Many of the technical issues that they raised were important, but to me the main thing that came across was the groundbreaking nature of Warren’s proposal.
Click here to see full article: The Growing Debate Over Elizabeth Warren’s Wealth Tax | The New Yorker
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal..
