Both Elizabeth Warren and ailing presidential candidate Bernie Sanders are proposing the notion of a “wealth tax” on the “ultra rich”. This is a fundamental change in how our government would pretend to be funded, and it has an ugly precedent going back to the 1930s.
Here is their idea:
Elizabeth Warren is particularly devious in that she describes it as “just two cents” for the ultra rich, rather than 2% of confiscation of total wealth per year.
In order to have such a tax, the government will need to set up a system for people to register all of their property in order to prove that they are not subject to the tax. You can be certain that once the system is in place, the wealth tax will no longer be only for billionaires and will no longer be 2%.
After Germany seized control of Austria in 1938, they created a law requiring all Jewish people to register all of their property, as a prelude to confiscating their wealth and worse.
If you wanted to leave the country, you had to hand over 50% of your wealth in order to be allowed to leave. That is straight from the Engles principles of communism and a frequently recurring proposal from Democrats any time they are preparing to raise taxes.
Next time you hear a Democrat say we need to make “the rich” pay “their fair share”, replace “the rich” with “the Jews” and you will understand what they are really doing.