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[BullNBear52]

Andrew Yang says the wealth tax proposals from Sanders and Warren could be a ‘disaster in practice’
PUBLISHED AN HOUR AGO
Kevin Breuninger
@KEVINWILLIAMB
KEY POINTS
Entrepreneur Andrew Yang, whose profile in the primary race has risen in recent months, told CNBC’s John Harwood that a wealth tax could be a “disaster in practice.”
Yang’s campaign is built around a so-called universal basic income, in which all U.S. citizens receive $1,000 a month with “no strings attached.”
Progressive candidates in the top tier of the primary have called to raise taxes on the wealthiest Americans to pay for a bevy of social programs, such as “Medicare for All” and tuition-free college.

https://www.cnbc.com/2019/10/02/andrew-yang-wealth-tax-plans-from-sanders-warren-could-be-disaster.html

I understand raising taxes to pay down the deficit. Not sure about the free stuff though.