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Is a wealth tax needed to rebalance the economy after COVID-19?


Sen. Elizabeth Warren, D-Mass., introduced a new wealth tax bill recently that she calls the “Ultra Millionaire Tax.”
The legislation would create a 2 percent annual levy on wealth over $50 million and 3 percent on wealth over $1 billion.
Warren, and other lawmakers, argue COVID-19 has created massive inequality and a wealth tax is needed to balance the scales. Most polls conducted of Americans support the idea, but it still has plenty of opponents in Washington, D.C.
Q: Is a wealth tax, like the one proposed by Sen. Warren, needed to rebalance the economy after COVID?
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Chris Van Gorder, Scripps Health ....

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