Big-money groups that backed a legal challenge to part of a 2017 tax law had hoped the high court would take the opportunity to ban wealth taxes as proposed by
“The Supreme Court’s job is not to go beyond the confines of the particular opinion in front of them,” Warren said. “But they certainly backed up from cutting off a wealth tax before it could ever get started.”Warren has led Democrats in their pursuit of new taxes on the wealth of the super-rich.
“One of the fairest ways that would raise the most revenue is a two-cent tax on billionaires,” Warren said. “The idea that the top 1/10 of 1% pays about 3.4% of their total wealth every year in taxes and that the 99% pays more than double that — it’s just not sustainable. America is not a country of kings and queens. It’s a country of ‘everybody pays a fair share.’”