Creating a wealth tax alone doesn’t necessarily solve all our problems (it raises a decent chunk of $$$ but it’s not amazing).
The real power is if we invest those dollars in people, because then people will spend it on things and supercharge the economy in a real way.
Every dollar in a billionaire’s net worth cost the rest of us a lot more than a dollar to let them have that.
https://www.cbsnews.com/news/elizabeth-warren-wealth-tax-plan-ultra-millionaire-tax-act/

As wealth taxes gain traction, Warren proposes levy on the ultra-rich
Sen. Elizabeth Warren's bill would raise taxes on households worth more than $50 million and on billionaires.






