Charles Schwab Joins Chorus of Billionaires Opposing Wealth Tax
- The idea is ‘sort of wrong-directed in many ways,’ he says
- Wealth levy is key campaign tenet of Elizabeth Warren
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Charles Schwab, founder of the giant discount brokerage firm, is joining other finance billionaires in opposing the wealth tax backed by presidential candidate Elizabeth Warren.
“It’s sort of wrong-directed in many ways,” Schwab said Tuesday for a future episode of “The David Rubenstein Show: Peer-to-Peer Conversations” on Bloomberg TV. “I came from really nothing and had plenty of incentive to create what we’ve created.”