"On another, more important level, the idea is ludicrous in terms of the tax code and basic common sense. After adding in the ultra-millionaire’s tax and factoring in the other capital taxes Warren wants to levy — on financial transactions, on unrealized capital gains, on corporations — we’d be asking every billionaire to hand over more than two-thirds of their total wealth over a 10-year period. If the government actually managed to collect it, their fortunes would rapidly erode — and so would tax collections. The plan might be a good way to smash wealth, but it’s a terrible way to fund the nation’s health-care system."
What could possibly go wrong?
https://www.msn.com/en-us/news/opinion/opinions-the-math-for-warrens-health-care-plan-adds-up-if-you-accept-its-ludicrous-premise/ar-AAJKSLw
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