Warren's wealth tax would solve economic inequality, says economist Gabriel Zucman

[WobblyDem]

17. Well overdue!

It'd certainly help. A lot of why wealth taxes have struggled elsewhere in the world is because of tax loopholes either originating in the US, or in territories we have a pretty strong say in. America joining in to combat this eyewatering inequality would potentially do a lot to combat corruption here AND in countries without the benefit of the international spotlight. When people don't have billions to throw towards warping politics to retaining those billions...that they don't have to start with

Considering taxes average 40% all the way up to the first m/b(?)illion, where it nearly halves, this is hugely necessary.

Inequality is so dizzying and oligarchs so obviously dictating American politics that I really think we need a wealth tax closer to Bernie's plan:

32M-50M: 1%
50M-250M: 2% (Warren's starting here)
250M-500M: 3%
500M-1B: 4%
1B-2.5B: 5% (Warren's is 3% from here)
2.5B-5B 6%
5B-10B: 7%
10B+: 8%

BUT I'm absolutely over the moon that two people are even approaching this. It's about time we stopped letting billionaires pay for policy!