Wealth Tax – Constitutional Probably – Good Idea Not So Much

Wealth Tax – Constitutional Probably – Good Idea Not So Much

Calvin Johnson’s recent paper A Wealth Tax is Constitutional, 38 ABA Tax Times No. 4 is timely as my senator, Elizabeth Warren’s proposal for a wealth tax of 2% on fortunes over $50 million and 3% on fortunes over $1 billion is attracting a lot of attention.  I don’t know what the source of those percentages is although it does allow Senator Warren to say “two cents” a lot.

Democratic…

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