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8 Democrats who voted against minimum wage hike worth over $43 million

8 Democrats who voted against minimum wage hike worth over $43 million
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Is a Tax on Ultra-Millionaires the Answer to Massive Inequality?

The Nation, check out our latest issue. Subscribe to Support Progressive Journalism The Nation is reader supported: Chip in $10 or more to help us continue to write about the issues that matter. Sign up for our Wine Club today. Did you know you can support The Nation by drinking wine? On the 2020 presidential primary campaign trail, one of Elizabeth Warren’s applause lines came when she talked about her plan for a “wealth tax” two cents on every dollar over $50 million. She made the issue vivid. “How many of you own a home?” she asked; at most stops, it was roughly half the crowd. “Well, you already pay a wealth tax on your major asset. You pay a property tax, right?” People start nodding. “I just want to make sure we’re also taxing the diamonds, the Rembrandts, the yachts, and the stock portfolios.” After a few months, Warren admirers would chant “Just two cents!” as she began her pitch.

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