Sen. Elizabeth Warren, D-Mass., introduced a new wealth tax bill recently that she calls the “Ultra Millionaire Tax.”
The legislation would create a 2 percent annual levy on wealth over $50 million and 3 percent on wealth over $1 billion.
Warren, and other lawmakers, argue COVID-19 has created massive inequality and a wealth tax is needed to balance the scales. Most polls conducted of Americans support the idea, but it still has plenty of opponents in Washington, D.C.
Q: Is a wealth tax, like the one proposed by Sen. Warren, needed to rebalance the economy after COVID?
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Chris Van Gorder, Scripps Health
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San Diego State University is seeking to shave hundreds of millions of dollars off development costs associated with the office portion of its planned Mission Valley campus.
The school, through a formal solicitation process, is currently in search of an architectural firm to come up with alternative designs for what’s being referred to as the “Innovation District,” or the area of the 135-acre site reserved for office, research and educational uses. Bidders are being asked to reconfigure the layout of 13 buildings and 5,000 parking spaces located south of the in-progress Aztec Stadium, as the institution believes the buildings no longer require a parking platform to lift them out of the site’s floodplain.