Experts: Elizabeth Warren's Wealth Tax Plan Hurts Economy

Democratic presidential candidate Elizabeth Warren has a strong shot at winning the Democratic nomination, but experts tell Newsmax that one of her central tenets, a tax on the nation's wealthiest Americans, is doomed to fail.

Warren, 69, the second-term Massachusetts senator, said her plan would tax households worth more than $50 million, with the goal of raising nearly $3 trillion over 10 years to benefit 95% of the 45 million Americans carrying student debt — wiping the debt clean for 75% of them.