Stephen L. Hall Profile picture
Capitalist; Technophilic Luddite; Anti-social Introvert; Cantankerous Curmudgeon.
Nov 11, 2019 12 tweets 2 min read
The complete insanity of Warren's Wealth Tax plan:

1) As a tax upon wealth rather than income under the 16th Amendment the plan would face immediate constitutional challenge as not be apportioned among the states as required by the Constitution. 2) If, by some miracle, it survived that constitutional challenge, the tax being a tax upon wealth and not income would fall under the "takings clause" of the Constitution requiring them to be compensated for the property taken by the government.