Why a ‘Billionaire’ Wealth Tax Would Hurt the Working Poor and the Middle Class0

• Economics
• October 7, 2019

Vermont Senator Bernie Sanders wants to tax billionaires out of existence, or at least make them an endangered species. His proposed wealth tax of up to eight percent per year would mean “the wealth of billionaires would be cut in half over 15 years,” he says. The progressive tax would start at one percent on