2020 Presidential race- Why a wealth tax never works…
President Donald Trump is in the middle of starting his campaign run for President in 2020. It appears that his main rival will be Senator Elizabeth Warren of Massachusetts, one of her main proposals if she is made President of the US is her Wealth Tax. Essentially, it is a 2% tax on a family’s wealth if that family’s wealth should exceed $50 million.
Once your family is worth over $1 billion, there will be an extra sub charge of 1%, obviously Elizabeth Warren isn’t the first person in US history to propose such a wealth tax, and she will definitely not be last.
(adsbygoogle = window.adsbygoogle || []).push({});
Is the wealth tax worth it?
Although to those family’s who don’t come anywhere the $50 million threshold, the wealth tax seems fair, and they often call for ...