Democratic presidential candidates Bernie Sanders and Elizabeth Warren have proposed a wealth tax as a way to increase government funding and reduce income inequality, but critics of such proposals argue they can cause more harm than benefits. The Onion takes a look at the pros and cons of a wealth tax.
Increased government revenue could be used to support struggling fossil fuel industry.
Darwinian principle behind tax will naturally drive hedge funds slowest to find loopholes to extinction.
Could finally afford getting that bullet wound checked out.
Kinda nice knowing there’s a tax out there you’ll never, ever, ever have to pay.
Unfair to those who worked really hard to inherit all that money.
The math might be hard to do.
Furs and silks barely staying relevant as it is.
Could face opposition if wealthy Americans ever decide to become influential political force.