First $1 Billion, Now $50 Million: Khanna Says Wealth Tax “Must Not Stop At Billionaires” Rep. Ro Khanna (D-CA) – fresh off endorsing California’s November ballot measure to seize 5% of billionaire wealth – published a Substack essay Wednesday titled, no really, “Why I Support a Billionaire Wealth Tax.” He makes it roughly a dozen paragraphs before explaining that it isn’t one. “The tax should not stop at billionaires, it must reach centimillionaires,” Khanna writes, before spelling out exactly what that means: every fortune of $50 million and up, hit with a 2% federal levy on wealth above that line… — Continue at ZeroHedge News : Read More
