Elizabeth Warren actually said...

I am extremely confident that the proposed ultra-millionaire tax, as implemented by Treasury, would do much, much better than our existing i...

by applying a tax to a number that corporate executives want to have as high as possible, that a book income tax would serve as a backstop t...

then that is the best argument I have heard all day for a wealth tax.

profitable corporations that report low or no tax liability are engaged in aggressive tax avoidance.