While this may come as a shock to Warren and the media, philanthropy filtered through her plans isn’t philanthropy at all — it’s a political power grab.
The most recent CBO data shows that the wealthiest 1 percent pay an average effective rate of 33.3 percent in federal taxes, while the bottom 20 percent pay just 1.7 percent.
The tax is unconstitutional, illegal, and a lawless usurpation of the people’s direct political power. Notably, this is only a non-exhaustive list of the tax’s legal maladies.
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