$50 Million Is Chump Change

Just to be clear, I’m not a fan of Elizabeth Warren’s wealth tax. It introduces needless problems and accomplishes nothing that other, more conventional taxes can’t also accomplish. But then I come across something like this:

And now I hope Warren wins and makes the wealth tax a centerpiece of her campaign. Why? Just to watch Republicans fall all over themselves explaining to America that in their world $50 million is sort of chump change. I would very much like to see that.

FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2019 demands.

We Recommend

Latest

Give a Year of the Truth

at our special holiday rate

just $12

Order Now

Sign up for our newsletters

Subscribe and we'll send Mother Jones straight to your inbox.

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate

We have a new comment system! We are now using Coral, from Vox Media, for comments on all new articles. We'd love your feedback.