A Painless Wealth Tax
by Jerry Cayford The wealth tax was reintroduced a few months ago. Sponsors of the Ultra-Millionaire Tax Act are leading progressive Democrats Elizabeth Warren, Pramila Jayapal, and Brendan Boyle. The sixty or so co-sponsors are all Democrats (plus independent Bernie Sanders)—hardly a surprise, since taxing wealth, rather than just income, is a progressive policy. But…
