Proposal: Billionaires who made money during the pandemic should pay for the recovery
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8 Democrats who voted against minimum wage hike worth over $43 million
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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.