Democratic presidential candidates Bernie Sanders and Elizabeth Warren have proposed a wealth tax as a way to increase government funding and reduce income inequality, but critics of such proposals argue they can cause more harm than benefits. The Onion takes a look at the pros and cons of a wealth tax.
Democratic presidential candidates Bernie Sanders and Elizabeth Warren have proposed a wealth tax as a way to increase government funding and reduce income inequality, but critics of such proposals argue they can cause more harm than benefits.
Increased government revenue could be used to support struggling fossil fuel industry.Darwinian principle behind tax will naturally drive hedge funds slowest to find loopholes to extinction.Kinda nice knowing there’s a tax out there you’ll never, ever, ever have to pay.The math might be hard to do.Could face opposition if wealthy Americans ever decide to become influential political force.
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