wealth tax

“We're coming into a cycle now, where we're going to start to vote down freedom and vote up equality. And this is sort of what the wealth tax in my mind represents is this kind of redistribution or this returning to a kind of the mean or reversion to the mean i…”

“Between the year 2000 and the year 2016, 25% of millionaire households emigrated out of France during this period. And the amount of tax revenue that was lost during that period of time Was greater than the new revenue generated from the wealth tax that was in…”

“And it's not just going to be billionaires. Eventually the line will, of course, get pushed down.”

“Norway, 20, 22 passed a wealth tax. The wealth tax was supposed to raise one hundred and forty six million dollars of incremental revenue per year. Instead, what happened? Fifty four billion dollars of net worth left the country and they actually had a four hu…”

“In France in 1988, 1989, they passed this millionaire tax. Anyone with 1.3 million euro or greater net worth had to pay a tax of like one percent a year, one and a half percent a year of their total assets. And it raised four to five billion euro a year in new…”

“It establishes a precedent that we can define an arbitrary group of people And confiscate a bunch of their property because they're politically unpopular. And if it succeeds here, it will be replicated over and over and over again. And obviously the line will …”

“For me, we already talked about this, but it was California because of the wealth tax and also the onerous regulations driving business and capital out of the state.”

“That kind of tax that you're describing is not something we have here. It's certainly not something on, on my agenda.”

“When Elizabeth Warren first proposed the wealth tax, so I found, and she said, well, we have these models and everything. So I found the economist at UC Berkeley, And I said, would you share your model with me or at least tell me about it? He goes, I'm like, w…”