Elizabeth Warren to propose new ‘wealth tax’ as 2020 race heats up: Economic advisor


#TIA – Taxing the rich may be a good idea but it doesn’t start a new campaign with any new battle cry.

Sen. Elizabeth Warren, D-Mass., is planning to propose a “wealth tax” on some of the richest Americans, an economist who advises her told CNBC on Thursday.

The new tax from Warren, who recently announced her bid to challenge President Donald Trump in 2020, would only apply to Americans with more than $50 million in assets.

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