Now Comes The Pocahontas Tax And The 40 Trillion Dollar Question

It appears that Pocahontas is fixing to take a tomahawk to the wealth of the rich. That is, Senator Elizabeth Warren yesterday proposed a “wealth tax” that will clip people with a net worth over $50 million by 2% and those with over $1 billion by 3%. But as Scott Minerd, global chief investment officer of $265 billion Guggenheim Partners, rightly noted, […]