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Poll: Majority of Millionaires Like Warren’s Proposed Wealth Tax

Not a poll tax. A pol tax. A pol tax is a tax that is directly placed on each person, AKA a head tax. Like having everyone pay $10 a year. And I’m taking that from the article which uses that as an example of an unconstitutional tax because it’s a direct tax. And the issue of a wealth tax being constitutional can be made moot.

Elizabeth Warren and Bernie Sanders proposed separate measures that would, exclusive: When it comes to billionaires, we can tax them when they're alive, Warren's wealth tax would raise the most money-around $2.75 trillion. A YouGov poll funded by Data For Progress found 61 percent overall.

Elizabeth Warren has proposed a new plan to tax the uber-rich. “The rich & powerful run Washington,” Warren tweeted as she announced the “Ultra- Millionaire Tax.. Alexandria Ocasio-Cortez leads battle for party favorite: poll. ” A progressive wealth tax is the most direct policy tool to curb the growing.

Warren’s wealth tax would raise the tax burden on the rich by 1.1 percent, or $1.27 million, to 4.3 percent. Last week, Warren – who formed an exploratory committee ahead of a potential 2020 bid – detailed her wealth tax, which she is calling an "Ultra-Millionaire Tax." The tax would raise $2.75 trillion over the course of a decade.

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CNBC conducted the poll of 750 millionaires about Warren’s plan to put a two percent tax on wealthy people who have more than $50 million in assets and a three percent tax on those with assets of more than $1 billion, with 60 percent responding they would be okay with the new tax.

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Democrats are busy finding new ways to tax the rich. The most straightforward way to do that – an annual tax on. But none of the existing European plans would go as far as Warren's proposal.. But something as big as a Warren-style wealth tax could be the thing to convince the mega-billionaires to find.

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Elizabeth Warren proposed a “wealth tax” on households with assets of $50 million and more last month.. Thomas Piketty, who said it was one of the most innovative methods. as billionaires, both men would also be subject to the tax.. Consult Poll said 61 percent of voters and 50 percent of Republican.