"Warren’s wealth tax would be an abuse of government power. It is the tax-code equivalent of looting mansions." My latest Bloomberg column:
"What is wrong with the way these 75,000 families made their money? Why should we have special tax rules for a tiny fraction — 0.06% — of households?" My latest Bloomberg column:
"[T]he “save democracy” approach is a bad use of the tax code. For one, it won’t work. You need a lot less than $50 million to be politically influential." 's good take on why "Warren’s wealth tax would be an abuse of government power."
"With wealth taxes, small numbers have big effects. In Warren’s case, a household worth $50 million would lose 20% of its wealth over the first decade. For an asset yielding a steady 1.5% return, a 2% wealth tax is equivalent to an income tax of 133%."
"What is wrong with the way these 75,000 families made their money? Why should we have special tax rules for a tiny fraction — 0.06% — of households?" My column:
Bold, novel policy ideas can also be ... wait for it ... bad ideas. A bummer, I know.
Many legal scholars believe Senator Warren's wealth tax might be unconstitutional. Why would Democrats want to risk adopting a tax that would trigger years of litigation and might be struck down? My latest Bloomberg column:
Democratic politicians — both in Congress and in the party’s presidential race — have largely remained cool to Senator Warren's plan to tax wealth. Why is that? My latest Bloomberg column:
Let's hope the senator's Democratic rivals seize the chance to expose this miracle drug via