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(OT) Richest 100 Americans Would Pay $78 Billion Under Warren Tax
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Pelle Svanslös
2021-03-01 21:08:06 UTC
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The 100 richest Americans would hand over more than $78 billion of their
personal fortunes under a wealth tax proposed Monday by Democratic
Senator Elizabeth Warren and other progressive lawmakers. Wealthiest
Americans added $598 billion to their fortunes in 2020.

Dubbed the Ultra Millionaire Tax Act, the bill would require households
with a net worth of more than $50 million to pay a 2% tax on their
wealth annually, with an additional 1% surtax for fortunes exceeding $1
billion. Warren’s proposal is unlikely to go anywhere in a narrowly
divided Congress.

While President Joe Biden has proposed higher taxes on corporations and
the rich, he and some Democrats in Congress don’t support a wealth tax.

About 100,000 families and roughly 1,000 billionaires would end up
paying the proposed tax, according to an analysis by University of
California at Berkeley economists Emmanuel Saez and Gabriel Zucman. They
estimate it would raise about $3 trillion over a decade.

https://www.bloomberg.com/news/articles/2021-03-01/richest-100-americans-would-pay-78-billion-under-warren-tax

Wall Street occupiers would love to see this come true.
--
"Cough cough"
-- Suzanne Lenglen
The Iceberg
2021-03-01 22:14:30 UTC
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Post by Pelle Svanslös
The 100 richest Americans would hand over more than $78 billion of their
personal fortunes under a wealth tax proposed Monday by Democratic
Senator Elizabeth Warren and other progressive lawmakers. Wealthiest
Americans added $598 billion to their fortunes in 2020.
Dubbed the Ultra Millionaire Tax Act, the bill would require households
with a net worth of more than $50 million to pay a 2% tax on their
wealth annually, with an additional 1% surtax for fortunes exceeding $1
billion. Warren’s proposal is unlikely to go anywhere in a narrowly
divided Congress.
While President Joe Biden has proposed higher taxes on corporations and
the rich, he and some Democrats in Congress don’t support a wealth tax.
About 100,000 families and roughly 1,000 billionaires would end up
paying the proposed tax, according to an analysis by University of
California at Berkeley economists Emmanuel Saez and Gabriel Zucman. They
estimate it would raise about $3 trillion over a decade.
https://www.bloomberg.com/news/articles/2021-03-01/richest-100-americans-would-pay-78-billion-under-warren-tax
Wall Street occupiers would love to see this come true.
HAHAHAHA! great fake new posting! it's even from BILLIONAIRE Bloomberg, so we therefore know it won't ever happen! like zero chance.
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