A More Constitutional Way To Tax The Rich?
Over the last year, the media has focused on a wealth tax. But there's another type of wealth taxation also on the table, and it might stand a better chance of surviving judicial review.
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A wealth tax is like a property tax, but instead of just taxing buildings and land, it taxes everything someone owns, diamonds, helicopters, paintings, rare pets, you name it. Senators Elizabeth Warren and Bernie Sanders have each proposed that the federal government, for the first time, impose this tax on the ultra-rich â but there's a sizable group of legal scholars who believe the Supreme Court would likely knock this policy down. While supportive of a wealth tax, Lily Batchelder is one of the
