
Taxation, Theft, and the Sin of Envy
Democrat Sen. Elizabeth Warren wants to impose a two-percent wealth tax on the richest Americans. The wealth of most rich people is in stocks and other investments they own. The 16th Amendment is very clear: “The Congress shall have power to lay and collect taxes on incomes, from whatever source derived…” People who own stock do not pay tax on their stock gains until they sell their stock. It’s th [...]