Warren's Wealth Tax Could Shake Up the Economic Status-Quo
The American dream encourages the population that hard work and good character leads to monetary success. But with a shrinking middle class and a small group of people getting richer and richer, more people are beginning to question the morality of extreme wealth. Democratic primary candidate Senator Elizabeth Warren's tax plan takes aim at America's multi-billionaires. Taxes are very complicated, so after reading this, it would be best to check out this New York Times article that describes the plan in more detail. The senator advertises billionaires would pay 6 cents on every dollar in income. That sounds miniscule. In reality, it's definitely not. If Warren's wealth tax had been implemented in 1982, Jeff Bezos would have had 49 billion dollars by 2018 instead of 160 billion. Is this fair? That's for the voters to decide. One could argue that 1 billion alone could buy over a dozen private islands, which nobody needs; another could arg