For a wealth tax is as an opportunistic attempt to ride the pandemic policy wave: Democrats have packed hundreds of billions of dollars worth of non-pandemic policy into their pandemic relief bill, and Warren has decided that the coronavirus presents the perfect opportunity to push a signature policy that she favored long before COVID-19 was on anyone's radar.
Warren favored the wealth tax in 2019 when the economy was generally doing pretty well.
Warren's insistence on a wealth tax was one of the ideas that set her apart from Joe Biden during the Democratic primaries.
Reports Warren also indicated that she "Was prepared to look at ending tax treatment that could have a similarly profound effect." The progressives Warren represents might not get exactly what they want out of the Biden administration, but their pressure is having a clear impact.
Warren's advocacy for the wealth tax is also born out of a desire for easy political targets who can shoulder the blame for whatever problems or pseudo-problems Warren wants to bring up.
Warren, like Psaki, has repeatedly invoked the idea that a wealth tax would help ensure that the rich pay their "Fair share"-nevermind that the rich fund a disproportionate share of tax revenues, with the top 1 percent of earners paying about 38.5 percent.
It's a crisis-adjacent rallying cry for Warren and for Warren-ism, an attempt to use the pandemic to push the Biden administration further to the left and keep Warren visible in the process.
https://reason.com/2021/03/02/elizabeth-warren-still-wants-a-wealth-tax-it-still-wouldnt-work/
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