An Assault On Wealth

A proposed “patriot” wealth tax in Washington and the call for America’s most moneyed individuals to hand over part of their fortunes to Washington leads to questions of motivation: more revenue for federal spending, or a loathing of capitalism. Hoover Institution research fellow and economist David Henderson discusses the accumulation of wealth in America and whether the “assault” on high-profile billionaires is a mere attack or the early stage of a longer siege.