The Supreme Court May Preemptively Ban a Federal Wealth Tax
The Supreme Court May Preemptively Ban a Federal Wealth Tax
newrepublic.com The Supreme Court May Preemptively Ban a Federal Wealth Tax
Given the recent ethics questions about justices’ interactions with billionaires, it’s an interesting case to take on.
In a Wall Street Journal op-ed published in 2021, two of the Moores’ lawyers also declared unambiguously that the lawsuit “stands to slam shut the door on a federal wealth tax like the one Sen. Elizabeth Warren wants to enact.” They made a direct pitch to “the courts” to hear the Moores’ case “now” to make it easier to block a wealth tax in the future.
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Ok, then force capital gains to be realized annually, and make the capital gains rates more progressive.
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