Tax on wealth

Sen. Elizabeth Warren, D-Mass., has proposed a "wealth tax" on some of the richest Americans. I have been waiting for this for sometime. It will start with the 160,000 people who have assets of over $50 million with the average being $72 million. It will start at 2.5% of their net worth and bring in about $275 billion per year. That could give every taxpayer $1,800. However it will not work that way. The money will go to the government and then distributed based on how they (the government) determines the need.