Warren's wealth tax would slow the economy Unlisted Video
4 years ago
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Elizabeth Warren
Richard Prisinzano
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Business Insider
United States
Sen. Elizabeth Warren
Politics
Sen. Elizabeth Warren's proposed wealth tax would set back US economic growth by 0.9% in 2050.
That's according to a new study by Penn Wharton Budget school released Thursday.
According to Business Insider, this severely undercuts Warren's signature plan.
The new could damage Warren's campaign to be the next Democratic nominee.
The study also found that Warren's wealth tax would raise $1-trillion less than it promises to.
The director of the study said wealthy individuals would invest less in the economy, leading to a slowdown in its growth.
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