Media Claim Warren’s ‘Popular,’ ‘Mainstream’ Wealth Tax Could ‘Save America’

Left? Lefter? Leftist? In the quest to see which candidate can be the most liberal, Democratic presidential candidate Sen. Elizabeth Warren called for an “ultra-millionaire tax” to force the wealthy to fork over more to the government.

Her proposal is not a tax on income, but rather on individuals’ assets. If implemented, anyone with more than $50 million in assets (including property) would face a 2 percent annual wealth tax, higher if they have more than $1 billion in assets. Liberal media promoted and defended it, or turned to liberal economists who would.