Hannity Moans – Rich people flee America if “ultra-millionaire tax act” goes into effect

All I can say is good luck finding a better tax haven, even if 2% of net worth above $50 million is taxed.

SEAN HANNITY (HOST): It may sound great to a lot of Americans, the idea that Elizabeth Warren is now proposing a wealth tax, which probably means that Joe Biden will do it, because he’s now basically taking dictation now from everybody in the Democratic Party.

Alright, wealth tax, two percent net value of assets [above $50 million] of the wealthiest people in America, “We build a future for all of our kids by investing” — taxing — “in opportunity,” she said. It’d be — you know, contending that the small tax would generate at least 3 trillion dollars. Now, if you’re not going to be subject to that tax, you’re probably saying “great.” Here’s the problem.

…

If Elizabeth Warren does this in the country, do you not think that the people that got rich, most of which got rich by not being stupid and working hard, I don’t know many people that were born with a silver spoon in their mouth, I just don’t know that crowd. I — I didn’t grow up with that crowd. So, I’m just — I’m looking at this, and they think it’s great.

The bill’s going to be dubbed the “ultra-millionaire tax act.”

Okay, what do you think — what is happening that nobody is paying attention to? People are leaving the country. They are giving up their citizenship. That’s the next thing that’s going to happen.

Notice how Hannity omits the “above $50 million”