Is that it's not Constitutional. Look at it closely. It's not levied on income, but rather wealth. It's a direct tax.
Hence, it is a direct tax prohibited by Article 1 of the Constitution, and the 16th Amendment (which authorizes only income taxes) has no bearing on it.
I'll be sitting here with the crickets chirping while I wait for the Senate or courts to figure this out, but it's pretty clear to me. There is no Constitutional authorization for this particular form of class warfare.
Verdict - Kevin Williamson’s conclusion on the Democrats’ seeming compulsion to inflict more Clintons on us, and themsellves, via Chelsea: …for Pete’s sake, stop it....
3 hours ago