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Wealth Tax: The Envious Enabler of American Socialism
U.S. Senator Elizabeth Warren wants to become President. If elected, one of her plans is to implement a wealth tax. She said:
We need structural change to get our economy and our democracy back on track – and no billionaire is going to get in my way of fighting for it.[i]
While a wealth tax would bring in revenue, its most important effect might be fast-tracking a complete government takeover of the economy. Merely change some tax rates, some thresholds, and the government taxes everything into its own hands. Behold! The socialist dream of “the people” owning everything.
If …
Posted in Federal
Tagged Bruce Ackerman, Chief Justice Fuller, Communism, Elizabeth Warren, Hylton v United States, Jeff Bezos, Kelsey Piper, Ludwig von Mises, Mark Zuckerberg, Parable of the Talents, Pollock v. Farmers’ Loan & Trust Co., Socialism, Thomas Piketty, Universal Basic Income, Walter Dellinger, Wealth Tax
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