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Elizabeth Warren says her “Ultra-Millionaire Tax” will raise $2.75 trillion. History says otherwise. ------------------ Subscribe to our YouTube channel: / reasontv Like us on Facebook: / reason.magaz. . Follow us on Twitter: / reason Subscribe to our podcast at Apple Podcasts: https://goo.gl/az3a7a Reason is the planet's leading source of news, politics, and culture from a libertarian perspective. Go to reason.com for a point of view you won't get from legacy media and old left-right opinion magazines. ---------------- Elizabeth Warren wants the federal government to provide free healthcare for every American, college for every student who wants it, childcare for every parent, and housing for low-income families. And she wants to pay for it all with a new tax on the richest of the rich. She calls it the "Ultra-Millionaire Tax." Skimming a bit more off the top of the bank accounts of the ultra-wealthy might sound like a good deal for working- and middle-class Americans who feel like they're falling behind, but the reality is that wealth taxes have been tried before. And they haven't worked the way Warren promises. Full text and sources available at https://reason.com/?post_type=video&p... Produced by John Osterhoudt. Based on an article by Peter Suderman. Additional graphics by Josh Swain. Photo of Sen. Warren; credit: F. Carter Smith/Polaris/Newscom Photo of Sen. Warren; credit: Richard Ellis/ZUMA Press/Newscom Photo of Sen. Warren; credit: Kevin Dietsch/UPI/Newscom Photo of Sen. Warren; credit: Derrick Salters/WENN.com/Newscom Photo of Sen. Warren; credit: Brian Cahn/ZUMA Wire/Newscom Photo of Sen.'s Warren and Sanders; credit: Tom Williams/CQ Roll Call/Newscom Photo of Perry Mansion; credit: CelebrityHomePhotos/Newscom Photo of IRS Sign; credit: Molly Riley/McClatchy DC/TNS/Newscom Photo of Fredensborg Palace, Denmark; Credit: hbgbild/MEGA/Newscom Photo of Malmo City Library, Sweden; Credit: Armand Tamboly/robertharding/Newscom