Elizabeth Warren's wealth tax would reduce inequality – the problem is it's probably unconstitutional
- Written by Beverly Moran, Professor of Law and Sociology, Vanderbilt University
Sen. Elizabeth Warren argues that her plan is constitutional.AP Photo/Susan WalshSen. Elizabeth Warren says it’s time to tax wealth.
The Massachusetts senator on March 1 introduced a bill to tax households worth over US$50 million and up to $1 billion at a rate of 2%, and anything over that at 3%. She first proposed the idea of a wealth tax d...
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