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Alan Blinder: Wealth Tax Is a Decent Idea, Though Probably Unconstitutional


Most economic objections apply to the income tax as well. But 16th Amendment permits the latter. The idea of a wealth tax has been in the news of late, mainly because of campaign proposals from Sens. Bernie Sanders and Elizabeth Warren. Commentators mostly paint the issue in stark black or white: A tax on wealth is either a marvelous


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Posted: December 5, 2019 Thursday 07:11 PM