Senator Elizabeth Warren is suggesting a tax on wealth. Representative Alexandria Ocasio-Cortez says marginal income tax rates should go up. Meanwhile, Senate Majority Leader Mitch McConnell has introduced a bill to repeal the estate tax. We talk about the impact these ideas could have, and how higher taxes on the rich have played out in the past.
Links
[1] https://www.wpr.org/programs/central-time
[2] https://www.wpr.org/people/rob-ferrett
[3] https://www.wpr.org/people/dean-knetter