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Politics11:08 AM ET

The Tax Pitch That Could Spell The ‘End Of America’

United Airlines CEO Scott Kirby called for a national wealth tax earlier this week, but investment banker and political commentator Lou Basenese warns that taxing wealth could spell the “end of America.” Kirby also backed inheritance taxes

Republican Ledger staff · 11:08 AM ET

The Tax Pitch That Could Spell The ‘End Of America’
The Republican Ledger

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United Airlines CEO Scott Kirby called for a national wealth tax earlier this week, but investment banker and political commentator Lou Basenese warns that taxing wealth could spell the “end of America.” Kirby also backed inheritance taxes approaching 100% for certain estates, a separate proposal from a tax on wealth held during a person’s lifetime. ...

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