One of the best ways to fix the income tax is by taxing extreme wealth holdings of billionaires and mega-millionaires directly.
Elizabeth Warren
The Public Record
Elizabeth Ann Warren is an American attorney, academic, and politician serving as the senior United States senator from Massachusetts since 2013. A member of the Democratic Party, she has been a prominent advocate for consumer protection, economic equality, and corporate regulation. Warren gained national recognition for her work in establishing the Consumer Financial Protection Bureau and has focused on issues such as student debt relief and healthcare reform during her tenure in the Senate.
Based on fact, the wealthiest in this country are paying less in taxes than everyone else.
It's more than fair that they be asked to pay a small percent of their wealth--and I just can't understand why the wealthiest and luckiest people in the world would be complaining about it being such a hardship.
Wow! A billion-dollar loophole that does not require the company to do anything differently, just file some paperwork.
I am extremely confident that the proposed ultra-millionaire tax, as implemented by Treasury, would do much, much better than our existing income tax at measuring and valuing and enforcing wealth, or the true economic resources of…
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 to the existing loopholes in the tax code?
the wealth tax would result in the transfer of ownership of those assets from wealthy Americans to wealthy foreigners.





