Source: Fox News
by Jonathan Turley
“‘Enough is enough.’ With those words, Vermont Senator Bernie Sanders launched a push to impose a 5% annual wealth tax on America’s billionaires. With Rep. Ro Khanna, the legislation, ‘Make Billionaires Pay Their Fair Share Act,’ echoes the growing ‘eat-the-rich’ mantra on the left — seeking to replicate a disastrous push in California that has led to an exodus from that state and an estimated loss of $2 trillion in taxable assets. It is also flagrantly unconstitutional. Under the plan, Congress would target 938 billionaires to tap them for $4.4 trillion. That money would then be redistributed as a $3,000 direct payment to every man, woman and child in a household making $150,000 or less — $12,000 for a family of four. The timing of the move is telling.” (03/10/26)