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RE: Two Cents makes no sense!

in #warren • 5 years ago

Yes, I agree. The Sander's version of the wealth tax is just as egregious but that isn't a surprise given that they appear to be consulting the same two advisers.

https://www.washingtonexaminer.com/policy/economy/the-berkeley-economists-advising-both-warren-and-sanders-on-their-groundbreaking-wealth-tax-proposals

5 years ago in #warren by
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     5 years ago 

    "In 2018, Bill Gates was worth roughly $97 billion. If Warren’s tax had been in place since 1982, Gates would have been worth just $36.4 billion, according to Saez and Zucman. Under the Sanders tax plan, Gates’ net worth would be a comparatively tiny $9.9 billion."

    They make my point. All this wealth would have come from Gates’ investments, and we would all be that much poorer.

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