Besides thinking Medicare for All can't be enacted. Hillary Clinton is opposed to a wealth tax [View all]

[highplainsdem]

I've already posted another thread about what she said on MFA

https://www.democraticunderground.com/1287337993

since I'd seen the Axios article first, while scanning Twitter.

Then I found out, via a Fox News article and a tweet from a journalist, that HRC also made it clear at the same conference that she doesn't like the idea of a wealth tax.

That tweet

Link to tweet

.@HillaryClinton on a wealth tax: “I just can’t understand how that could work... we used to have a wealth tax, it was called the estate tax, & I would be all in favor of reinstating that...” Says billionaires would have to sell assets to pay it, which would be too disruptive.

And from that Fox News article:

https://www.foxnews.com/politics/hillary-clinton-2020-dems-medicare-for-all-wealth-tax-disruptive

Clinton later was asked about the wealth tax that Warren has promoted. After admitting she didn't "know much" about the proposal, Clinton suggested it wasn't practical.

"I just don't understand how that could work, and I don't see other examples anywhere else in the world where it has actually worked over a long period of time," Clinton elaborated. "I would be all in favor of reinstating the estate tax because that is much more measurable. It is not as disruptive."

She went on, "If you were going to do a wealth tax and it was on assets... how you would value it is, I think, complicated to start with. But, assuming you can get some system of evaluation, people would literally have to sell assets to pay the tax on the assets that they owned before the wealth tax was levied. That would be incredibly disruptive, so I think there are other ways to raise the revenues."

Both Axios and the Fox News article have video of the full interview, over 40 minutes, but so far I haven't found any articles with short video clips of just what HRC said on MFA and the wealth tax.

Maybe Mediaite will have something like that later.