Sunday, November 3, 2019

Who's going to buy when the rich have to sell?

Powerline exposes the logical problem behind Elizabeth Warren's wealth tax - if the rich have to send six percent of their money to the IRS every year, where do they get liquid funds?
If they try to sell stocks, someone must buy.
If they sell property, someone must buy.
If they sell artwork or physical assests, someone must buy.
Where do those people get the money?
Warren thinks it can be done.

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