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.