This week, Democratic Sen. Elizabeth Warren of Massachusetts introduced the Ultra-Millionaire Tax Act, an annual wealth tax on households with more than $50 million. Lead sponsors in the House are Democratic Reps. Pramila Jayapal of Washington and Brendan Boyle of Pennsylvania.

Read the full article at MarketWatch.

Chuck Collins directs the Program on Inequality and the Common Good at the Institute for Policy Studies. Follow him on Twitter @Chuck99to1.

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