Re:Elizabeth Warren: Universal free public college and cance...
by jawns on Tuesday April 23, 2019 @08:28AM
(#19727893)
In case you're wondering where the money will come from to cover this plan, here's the explanation, buried halfway down the article:
> The entire cost of my broad debt cancellation plan and universal free college is more than covered by my Ultra-Millionaire Tax — a 2% annual tax on the 75,000 families with $50 million or more in wealth.
It sounds like this is not an income tax but a tax on assets. Which becomes very interesting when your assets are not liquid.
> The entire cost of my broad debt cancellation plan and universal free college is more than covered by my Ultra-Millionaire Tax — a 2% annual tax on the 75,000 families with $50 million or more in wealth.
It sounds like this is not an income tax but a tax on assets. Which becomes very interesting when your assets are not liquid.