Biden's Desperate Wealth Tax Flip-Flop
On the campaign trail, Biden rejected wealth taxes as punitive, divisive, and unworkable. Now, as president, he’s embraced the idea.
On the campaign trail, Biden rejected wealth taxes as punitive, divisive, and unworkable. Now, as president, he’s embraced the idea.
The president's new budget plan calls on Congress to tax wealthy Americans' unrealized capital gains.
And it just might reduce the tax burden for the well-off in the short term.
Imposing a wealth tax may not even be among the enumerated powers of Congress.
Bezos pitched in by creating an online marketplace of cheap consumer goods that people can get delivered to their homes in two days flat.
After returning from space yesterday, Jeff Bezos thanked Amazon customers who made his fortune possible.
Private space companies' efforts are a boost to the government's own space programs, in addition to being objectively cool.
In capitalist societies, the poor get richer.
The new report doesn't reveal anything we didn't already know.
Tax hikes and growing debt guarantee shared pain in a hobbled economy.
And it has failed in almost every country where it's been tried.
A proposed wealth tax would collect 97 percent of its revenue from famous billionaires.
A new study finds that taxes on wealth reduce long-run GDP by 2.7 percent.
The proposed tax would apply to not just wealthy residents, but anyone who is wealthy who has lived in the state for the last 10 years.
The Massachusetts senator failed to expand her appeal beyond a core group of highly educated upper-middle-class voters.
The Vermont socialist has always claimed to be a champion of the working class. But over time, his wealth tax would fall heavily on ordinary Americans.
Should we be worried about the wealth amassed by the so-called 1 percent?
"It's been tried by other nations," the New Jersey senator said.
Warren says her wealth tax math "clearly" adds up. It doesn't.
Does economic success deserve to be punished? The Democratic Party will have to answer in the coming primaries. Joe Biden is on the correct side of it.
Sanders has proposed a wealth tax to eliminate billionaires and fund his expensive domestic policy agenda.
The progressive agenda assumes that no amount of taking will ever lead to less earning.
Warren doesn't merely want to turn back the clock to the pre-Trump era. She wants to raise taxes and regulations far beyond the levels of the late Obama-Biden administration.
Elizabeth Warren says her "ultra-millionaire tax" will raise $2.75 trillion. History says otherwise.
The unintended consequences of helping students with the brightest futures.
Her big new tax plan is impractical, ineffective, and probably unconstitutional.
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