The Wealth Tax Is An Attack on All

Bernie Sanders recently proposed a “tax on extreme wealth.” Under his plan, the federal government would annually siphon off up to 8% of the assets of the wealthiest individuals.
Way to stick it to those robber barons, right?
Unfortunately, the senator grossly misunderstands how wealth is created. He also seems unaware of the state of the middle class, as well as the negative economic consequences of a wealth tax – which actually amounts to an attack on all of us.

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