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Of course, this wasn't meant as a specific policy proposal, but I think it's interesting to compare to his wealth tax proposal from a few years ago, which went
by abeppu 4y ago
Of course, this wasn't meant as a specific policy proposal, but I think it's interesting to compare to his wealth tax proposal from a few years ago, which went up to an 8% tax on wealth above $10B ... which made it technically feasible for large fortunes to avoid shrinking if they were able to generate returns greater than the tax rate, but generally would nudge large amassed wealth to shrink.
https://www.vox.com/policy-and-politics/2019/9/24/20880941/bernie-sanders-wealth-tax-warren-2020 https://www.vox.com/policy-and-politics/2019/9/24/20880941/b...