Warren's plot to buy votes with other people's money

John Hall:
Democratic presidential candidate Senator Elizabeth Warren is trying to get your vote by promising to confiscate money from an exceedingly small group of Americans and then give their money to other Americans. Warren’s money grab is an asset tax levied against one’s net worth. But because it would hit only the top 0.1 percent of us, it is a wealth tax. Warren unveiled her bright idea on January 24 and she calls it the “Ultra-Millionaire Tax.” The response was immediate, and the big question is whether Warren’s new tax is constitutional.
This is a counterproductive theft of money that would be better used by its owners and in doing so benefit more deserving people who produce goods and services and create real jobs.


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