Wealth and Envy: A Wealth Tax Will Make Paupers of Us All

Written by Oliver Perry

In his presidential campaign, U.S. Senator Bernie Sanders issued his own plan to institute a “wealth tax.”

While Warren has touted the tax to fund her agenda, the primary purpose of Sanders’s proposal is to correct what his campaign called the “outrageous level of inequality that exists in America today and to rebuild the disappearing middle class.”^[1]

The wealth tax seems to have wide support. A Quinnipiac Poll claims that 60% of those surveyed support a 2% annual wealth tax on the rich.… Continue Reading