A Wealth Tax Would Spark a Recession — And It Might Not Be an Accident

Bernie Sanders and Elizabeth Warren at the Democrat primary debates. Source: The New Yorker

Recently, Sen. Bernie Sanders (I-VT) released a position for his 2020 Presidential campaign that called for the implementation of a progressive wealth tax on the wealthiest Americans. Unlike a traditional income tax, this would levy an annual tax on all assets of those who fall under it.

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