The Sanders-Khanna 'Billionaire Tax' Would Make All Americans Poorer

After spending the better half of last year touring the country to "fight oligarchy," Sen. Bernie Sanders (I–Vt.) has introduced legislation to confiscate billionaires' property. On Monday, Sanders introduced the Make Billionaires Pay Their Fair Share Act. The bill, which was also introduced by Rep. Ro Khanna (D–Calif.) in the House, would impose a 5 percent...