The super-rich are already in a panic over Elizabeth Warren's tax plan
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Every time someone tells you that Sen. Elizabeth Warren’s plan for a wealth tax is never going to happen, consider this: The ultra-wealthy people who would be hit by the tax are taking it very seriously. Not just seriously enough to try to torpedo WarrenThe super-rich are already in a panic over Elizabeth Warren's tax plan
Every time someone tells you that Sen. Elizabeth Warren’s plan for a wealth tax is never going to happen, consider this: The ultra-wealthy people who would be hit by the tax are taking it very seriously. Not just seriously enough to try to torpedo Warren’s presidential run by trying to elevate yet another billionaire to compete with her. Not just seriously enough to whine to the media or threaten to support Trump over her. Seriously enough to be talking to their wealth managers about it. “We’re definitely seeing an increase in people looking to take steps before the election,” one wealth manager told The Washington Post. “It comes up in every conversation, and it’s one of the first things we talk about.” People with $50 million and more of wealth are actively looking at strategies to avoid paying a wealth tax, should Warren become president and get it passed. Because heaven forbid anyone be left with 2% less than the amount over $50 million they previously had. The horror! Sign the petition: Support Elizabeth Warren's tax for the mega-wealthy. Read more