The real economic question about Elizabeth Warren's wealth tax

It might be a risk, but not for the reasons that most critics cite

Elizabeth Warren.
(Image credit: Illustrated | Alex Wong/Getty Images, Goja1/iStock)

Sen. Elizabeth Warren is swinging for the fences with her policy platform. The Democratic presidential contender from Massachusetts has a sweeping agenda to deal with things like student debt, affordable housing, child care, the racial wealth gap, and more. It also includes taxes levied on the richest Americans: a big new wealth tax, a new corporate profits tax, and a hike in the estate tax.

Of course, any genuinely ambitious agenda is also going to attract a swarm of mainstream worrywarts. Various experts told The Washington Post they're concerned the rich will evade Warren's taxes, that her plans will balloon the debt, and that her taxes will slow economic growth.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More
Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.