A Wealth Tax is a Terrible Idea
By Josie Gallagher Throughout the first stage of the Democrats' nomination contest, Sens. Elizabeth Warren and Bernie Sanders seemed to be competing against one another for who can impose the most burdensome new taxes — or better yet, who can crash the U.S. economy quicker if elected. Both candidates promise to impose higher estate taxes, higher taxes on small businesses, and a new “wealth tax,” which the Tax Foundation's analysis shows would kill jobs and slow economic growth. Warren and Sanders agree that income inequality is an issue that must be addressed by…continue reading →
