Warren’s wealth tax would raise less than she claims — even using her economists’ own assumptions

In January, Elizabeth Warren proposed a two percent (“two cent”) wealth tax on families worth $50 million or more, graduated to three percent for those worth $1 billion or more. Last Friday, she announced an additional three percent tax on billionaires as part of her Medicare for All plan.

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Max Ghenis

Max Ghenis

Co-founder & CEO of PolicyEngine. Founder & president of the UBI Center. Economist. Alum of UC Berkeley, Google, and MIT. YIMBY. CCLer. Effective altruist.