WASHINGTON — When the grand vacation homes of Newport Beach were empty on a beautiful Memorial Day weekend, Molly Munger decided it was time for the U.S. to consider taxing wealth. As her family's boat moved through the harbor a few years ago, Munger, whose father is a billionaire investor,...
Dueling Wealth Tax Plans Mean Sanders-Warren Clash May Come
WASHINGTON — Bernie Sanders announced on Tuesday a plan to tax the nation's wealthiest households, saying it will generate more than $4 trillion over the next decade and substantially reduce billionaires' fortunes — his version of Democratic presidential rival Elizabeth Warren's signature proposal. Sanders, a senator from Vermont, and Warren, a senator...