JONATHAN TURLEY: Sanders' wealth tax dangles checks while torching the Constitution
"Enough is enough." With those words, Vermont Senator Bernie Sanders launched a push to impose a 5% annual wealth tax on America’s billionaires. With Rep. Ro Khanna, the legislation, "Make Billionaires Pay Their Fair Share Act," echoes the growing "eat-the-rich" mantra on the left — seeking to replicate a disastrous push in California that has led to an exodus from that state and an estimated loss of $2 trillion in taxable assets.
It is also flagrantly unconstitutional.
Under the plan...