Michael Bloomberg: Warren wealth tax "probably is unconstitutional"

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Posted by John Kartch on Tuesday, January 29th, 2019, 5:14 PM PERMALINK

Today Michael Bloomberg called out Eizabeth Warren for her so-called "wealth tax" on the American people, noting it "probably is unconstitutional."

Bloomberg said:

“Well number one, I think the Constitution lets you impose income taxes only. So it probably is unconstitutional. Number two, I don’t know of any country that has done that -- people earn money, they pay their taxes, and then they don’t have -- expect the government to come back and take some of it away."

Bloomberg also said:

"We need a healthy economy and we shouldn’t be embarrassed about our system. If you want to look at a system that’s non-capitalistic, just take a look at what was perhaps the wealthiest country in the world, and today, people are starving to death -- it’s called Venezuela.”

Good points, Mr. Bloomberg.

 

Photo Credit: Center for American Progress

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