The Big Democratic Fight Over How to Tax the Rich

Wealth has emerged as an early dividing line in the 2020 primaries.

By Joshua Green

The Democratic presidential field is growing larger by the week, but the early fault line in the party’s primary has already emerged: wealth. Elizabeth Warren spent her inaugural trip to Iowa as a likely 2020 candidate bashing bankers and billionaires, and soon after she proposed a first-of-its-kind wealth tax (2 percent on net worth above $50 million; 3 percent on billionaires). Bernie Sanders, another likely contender, is pushing a sharp increase to the estate tax. And though she isn’t running for president, New York Rep. Alexandria Ocasio-Cortez turbocharged the Democrats’ fixation on wealth by using her media stardom to advocate income tax rates as high as 70 percent. .........To Read More....

My Take - This is a scary article.  If we were to tax the rich to oblivion there still wouldn't be enough money to satisify these loons, on both sides of the aisle.  Why do we have to keep saying that it isn't the government's money?