Elizabeth Warren said "Oh, yes, I do. Look, let`s remind everybody what the wealth tax is, and that is, this is for fortunes bigger than $50 million. Your first $50 million is free and clear, but your $50,000,001, you`ve got to pay two cents, at two cents on every dollar of wealth above that, until you hit a billion, then you get to add a little bit more. This would affect the top one-tenth of 1 percent in American. And it would be a way to raise about $3 trillion in revenue." @ PoliticalQuotes.com

On the recordMarch 14, 2021

Oh, yes, I do. Look, let`s remind everybody what the wealth tax is, and that is, this is for fortunes bigger than $50 million. Your first $50 million is free and clear, but your $50,000,001, you`ve got to pay two cents, at two cents on every dollar of wealth above that, until you hit a billion, then you get to add a little bit more. This would affect the top one-tenth of 1 percent in American. And it would be a way to raise about $3 trillion in revenue.

Said by

Elizabeth Warren

Democratic · Massachusetts

Source

msnbc.com

Editor's note · Context

Warren discusses the wealth tax and its implications for the top earners in America.

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