COULD IT HAPPEN? – 9/24/19

The wealthiest one-tenth of 1% of US households (top 122,000 households) are estimated to own 20% of total US wealth, i.e., 20% of $109 trillion.  An annual 1% “wealth tax” levied on this group would generate $218 billion per year in tax revenue (source: The Brookings Institute).

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