Many People Hope “to Achieve Some Wealth”

The “Mr. Doggett” who is quoted below is “Representative Lloyd Doggett of Texas, a senior Democrat on the Ways and Means Committee.”

(p. A12) Senator Elizabeth Warren, Democrat of Massachusetts, pressed Treasury Secretary Janet L. Yellen last week on Ms. Warren’s proposed wealth tax, which would impose a 2 percent surtax on the value of assets owned by people worth more than $50 million — and raise at least $3 trillion.

. . .

Other Democrats, even liberals, are not so sure.

“The whole term of a wealth tax scares an awful lot of people who are hoping to achieve some wealth,” Mr. Doggett said. “We don’t want to discourage economic success. We just want to level the playing field.”

For the full story, see:

Jonathan Weisman. “Bipartisan Infrastructure Talks Collide With Democrats’ Goal to Tax Rich.” The New York Times (Mon., June 21, 2021): A12.

(Note: ellipsis added.)

(Note: the online version of the story has the date June 20, 2020, and has the title “Bipartisan Infrastructure Talks Collide With Democrats’ Goal to Tax the Rich.”)

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