Opinion: Money Talks, But It Doesn’t Make Sense: The Crazy Things Billionaires Say about a Wealth Tax

In a recent interview with CNN, billionaire Leon Cooperman choked up, visibly upset as he talked about the future he envisioned for his vast fortune and the havoc he imagines a wealth tax, like those proposed by Elizabeth Warren and Bernie Sanders, would wreak on his plans.  He characterizes her proposal as “socially and morally bankrupt” and complains, echoing Chase CEO Jamie Dimon, that Warren has been engaging in the “vilification” of billionaires. read more

Two Questions Warren and Sanders Raise Going into 2020: “How Much is Enough?” and “Do We Have Enough?”

A lot of energy has gone into railing against the tax policy proposals forwarded by Elizabeth Warren and Bernie Sanders. In the most general terms, they both push hard for raising taxes on the extremely wealthy, the wealthiest of the wealthiest, who have been able to avail themselves of the opportunities this nation affords to accumulate vast fortunes. read more