Time for a Wealth Tax
Elizabeth Warren, appearing on the Rachel Maddow Show, again urged passage of a wealth tax. It’s astonishing to consider how little the super rich would be disadvantaged by giving up two percent of their wealth in excess of a fifty million dollars, and three percent of their wealth in excess of a billion dollars, and what good could be accomplished by redirecting the amounts raised to where it’s desperately needed.
Republicans and centrist Democrats wrongly consider Elizabeth Warren to hold an extreme view. What’s extreme is the gap of wealth and income inequality in this country and the way it’s taken for granted.