A study from the Wharton School finds that Sanders' wealth tax on will generate $1 trillion to $1.5 trillion less than claimed.
proposed wealth tax on the richest Americans will generate $1 trillion to $1.5 trillion less than what the campaign claims.
The Penn Wharton Budget Model assessed the budgetary and economic effects of two proposals from Sanders, I-Vt., to determine how his planned wealth tax and expansion of the estate tax would impact households and the greater American economy. The Wharton figures, if correct, would represent a marked shortfall for the Sanders campaign, which has pegged its wealth tax as integral to its campaign ambitions for proposals like "Medicare for All" and reducing student loan debt.
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