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Tag: wealth tax

National Debt and Possible Tax Increases

Watch this video on YouTube Almost every politician running for president or Congress refers to the alarming growth of the national debt. It is now $23.2 trillion, or $188,000 for each individual taxpayer. Democrats blame the recent run-up of the debt on the...

The Impact of High Taxes on the Rich

Watch this video on YouTube Two types of tax increases are being promoted by several presidential candidates and members of Congress. The less common idea, which I wrote about recently, is a wealth tax on net worth. The more common proposal is a significant increase...

Wealth Tax Is Impractical And Unrealistic

Watch this video on YouTube Democratic Presidential candidate and Massachusetts Senator Elizabeth Warren is proposing a federal wealth tax. It would impose annual taxes of 2% on those with household wealth—net worth, not income—of over $50 million and 3% on those with...