Elizabeth Warren and Bernie Sanders have proposed wealth taxes on the biggest fortunes in America. The White House and lots of billionaires are attacking them for it. But guess what: You'll be surprised who supports it.
Highly stylized output of models that assume supply-constraints on growth are the norm, and which are presented as effects on “growth” and “jobs” with no further context are notably unuseful, and often actively misleading in today’s policy debates.
The deeply detailed proposal includes no new taxes on the middle class. It cuts health care costs and finds other revenues, saving ordinary Americans $11 trillion in premiums and deductibles
Not only would universal healthcare reduce taxes for most people, it would also lead to the biggest take-home pay raise in a generation for most workers
Emmanuel Saez and Gabriel Zucman
The New York Times
The good news is that we can fix tax injustice, right now. There is nothing inherent in modern technology or globalization that destroys our ability to institute a highly progressive tax system. The choice is ours.
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