By Ben Shapiro -
This past week, Democrats settled on an area of apparent commonality: the desire to eat the rich. According to Treasury Secretary Janet Yellen, “Senator Wyden and the Senate Finance Committee … would impose a tax on unrealized gains on liquid assets held by extremely wealthy individuals, billionaires.” While Yellen refused to call this a “wealth tax,” House Speaker Nancy Pelosi had no such qualms: “We probably will have a wealth tax,” she said.
This has long been a talking point for the most Marxist-leaning Democrats, like Sen. Elizabeth Warren, who famously proposed a 2% wealth tax on all assets of a family above $50 million and 6% on all assets above $1 billion.
Elated Warren supporter Adam Jentleson told The Washington Post, “Biden’s agenda was about to fall apart, but Warren had a plan for that.”
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