Warren’s wealth tax would raise less than she claims — even using her economists’ own assumptions
Using their cited assumptions around avoidance and economic growth cuts revenue by a quarter
5 min readNov 9, 2019
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.