Daily Tax Report ®

Warren Faults ‘Capitalism Without Rules’ in Pushing Wealth Tax

Jan. 30, 2019, 10:49 PM

Democratic presidential hopeful Elizabeth Warren said “capitalism without rules is theft” and defended her wealth-tax proposal as a way to raise revenue and bolster opportunity for ordinary Americans.

“I believe in capitalism. I see the wealth that can be produced, but let’s be really clear,” the Massachusetts senator said Jan. 30 in an interview with Bloomberg TV. “Encouraging companies to build their business models on cheating people—that’s not capitalism.”

She said she supports “capitalism with serious rules, and that means rules where everybody gets a chance to play.”

Warren, who announced her exploratory committee for a 2020 presidential bid, pushed...

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