The wealth gap took center stage at last night's debate. Here's a side-by-side comparison of how Elizabeth Warren's and Bernie Sanders' wealth tax plans stack up.

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The wealth gap took center stage at last night's debate. Here's a side-by-side comparison of how Elizabeth Warren's and Bernie Sanders' wealth tax plans stack up

At the October 15 Democratic presidential debate, candidates were asked how they would address wealth inequality. A wealth tax was a major part of their answers, a New York Times transcript of the event shows. A wealth tax, like the ones proposed by presidential candidates Sen. Elizabeth Warren and Sen. Bernie Sanders, would make ultra-wealthy Americans pay the federal government a small percentage of their net worth each year.

At the October 15 Democratic presidential debate, candidates were asked how they would address wealth inequality. A wealth tax was a major part of their answers, a New York Times transcript of the event shows. A wealth tax, like the ones proposed by presidential candidates Sen. Elizabeth Warren and Sen. Bernie Sanders, would make ultra-wealthy Americans pay the federal government a small percentage of their net worth each year.

 

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VAT is impossible to avoid. VAT + UBI is a net gain for the bottom 94% of Americans. Wealth tax can be avoided via loopholes and capital flight.

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