2020 candidate Andrew Yang sat down with John Harwood to take some questions and the subject of the wealth tax came up.
While Yang claimed to "Understand the spirit and intent of it," he went on to say that it could be a disaster to actually implement.
Some of the top contenders in the Democratic presidential primary have called for a wealth tax on America's top earners.
Yang claims the plan, which he calls a "Freedom dividend," would protect the jobs and well-being of Americans whose livelihoods are threatened by automation and technological innovation.
What he failed to talk about was the question of whether or not the federal government could legally impose a wealth tax.
Even ignoring the constitutional questions, Yang did manage to point out a number of factors that would make such a scheme highly problematic.
The interview with Yang did remind us of his own plan to deal with wealth inequality.
https://hotair.com/archives/jazz-shaw/2019/10/02/yang-yeah-wealth-tax-looks-like-disaster-waiting-happen/
While Yang claimed to "Understand the spirit and intent of it," he went on to say that it could be a disaster to actually implement.
Some of the top contenders in the Democratic presidential primary have called for a wealth tax on America's top earners.
Yang claims the plan, which he calls a "Freedom dividend," would protect the jobs and well-being of Americans whose livelihoods are threatened by automation and technological innovation.
What he failed to talk about was the question of whether or not the federal government could legally impose a wealth tax.
Even ignoring the constitutional questions, Yang did manage to point out a number of factors that would make such a scheme highly problematic.
The interview with Yang did remind us of his own plan to deal with wealth inequality.
https://hotair.com/archives/jazz-shaw/2019/10/02/yang-yeah-wealth-tax-looks-like-disaster-waiting-happen/
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