How does a wealth tax even work?

Let’s talk about the Wealth Tax. Lately, it’s become a focal point in the democratic primary. Simply put: The wealth tax would hit the accumulated assets of wealthy Americans to help reduce income inequality.

Sen. Elizabeth Warren claims she can bring in $800 million dollars through taxing the wealthiest Americans on their net worth. Sen. Bernie Sanders takes it even further by taxing the richest citizens 8% on their net worth, in addition to the taxes they already pay.

It’s one thing to get voters excited over a policy that tilts the economy in their favor, but candidates have to prove they can actually implement their big ideas in Washington’s already deeply partisan divide

Read the full story here: https://www.politico.com/2020-election/candidates-views-on-the-issues/
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Видео How does a wealth tax even work? канала POLITICO