MSNBC MSNBC Live With Katy Tur October 21, 2019 18:51:00
People like them pay more in taxes, if you tax wealth itself, you can do that. so just an example, the warren wealth tax, a tax of 2% above $50,000,003% above $1 billion. you generate more than $2.5 trillion in revenue over the next ten years and you made the tax system much more progressive. you double the tax rate of billionaires from 23% today to 46% just with the wealth tax. >> john, why is this a new idea now? why is this not something that had been discussed beforehand? >> well, it's become a prominent idea now because there's so much focus on the widening gap between rich and poor in th...
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