Bernie Sanders and Elizabeth Warren are intending to take your savings and property. The ultimate form of socialism!
Can they do this? Yes, if they tax everyone at the same rate and apply the rules equally to all. This means that the poor are taxed at the same rate as the wealthy. You see there is a little thing like the Constitution preventing them from targeting just the wealthy or the upper middle class. Do you think they have even read the Constitution? Warren has a law degree and yet she seems unaware what is in the Constitution and Bill of Rights or is it that she does not like this Constitution. Warren and Sanders appear to believe that the pesky Constitution just gets in their way.
Now for the facts. When the left wanted the “progressive” income tax which does not tax all at the same rate, they had to get the 16th amendment passed. Here is why – Article 1, Section 8 grants the Congress “the power to lay and collect Taxes, Duties, Imposts and Excises (taxes) …..but all Duties, Imposts, and Excises shall be uniform throughout the United States.” What happens if they make the tax change anyway? If this happens the 4th amendment seems to get in their way. “The right of the people to be secure in their person, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated…”