Back on the schoolyard, the kids had the above catchphrase for suspected liars like Senator Elizabeth Warren.
James Freeman reports in the WSJ.
If Warren’s “wealth tax could raise the nearly $3 trillion she promises over a decade, that would still leave her close to $30 trillion short.”
He continues (abridged):
The math remains difficult even if she focuses on taxing incomes instead of wealth.
Taking every last nickel of income earned by the top 1%—a 100% tax rate on the roughly $2 trillion they make—still wouldn’t cover the cost of her health care takeover.
Read more here.