Warren defends wealth tax: 'I'm tired of freeloading billionaires'

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Warren defends wealth tax: 'I'm tired of freeloading billionaires'
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Sen. Elizabeth Warren defended her proposed wealth tax during the Democratic presidential debate.

Sen. Elizabeth Warren’s wealth tax came under the spotlight during the Democratic presidential debate on Wednesday night.

Warren recently unveiled a Calculator for the Billionaires, which features sections for high net worth individuals, like Amazon CEO Jeff Bezos and Facebook CEO Mark Zuckerberg, to show what they would pay with her wealth tax. It also allows individuals who identify as billionaires to enter in their respective incomes to find out how much they would pay.

“It’s been tried by other nations,” he said. “It’s hard to evaluate. We can get the same amount of revenue through just taxation.”

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