Warren plans to pay for the program by raising $2.75T from her “ultra-millionaire tax.”
Senator Warren’s proposals rely on a fundamentally misleading use of inequality as a political weapon.
The “Real Corporate Profits Tax” would apply a 7% levy to worldwide profits exceeding $100 million.
“Today’s big tech companies have too much power — too much power over our economy, our society, and our democracy.”
Sticking it to the rich has populist appeal, but the wealthy wouldn’t be the only ones getting gored.