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Will a Wealth Tax be passed if a Democrat is elected president in 2020?
Bernie Sanders appears to have tied for most delegates in the Iowa primary, greatly boosting his chances of becoming the Democratic nominee for president. A Weath Tax has been one of his signature issues. Other candidates (including Elizabeth Warren) have also endorsed a version of a Wealth Tax. Even if Sanders or Warren was elected, however, such a law would face numerous challeges to being passed, primarily in the US Senate where 60 senators would presumably be necessary to overcome a filibuster.
Conditional on the Democratic candidate being elected president of the United States (regardless of whether or not it is Bernie Sanders), will a Wealth Tax be passed (in their first term)?
For the purposes of this question a policy will be considered a Wealth Tax if it:
1) Could theoretically be applied to at least one person living in the US at the time of passage.
2) The amount paid is based on a formula related to a person's net-worth, not their income (with some assets possibly being excluded)
3) Has a rate of at least 0.13% (the lowest rate in Switzerland).
4) Includes (at a mininum) privately held companies and stock in public corporations as a basis for the wealth tax.
If the Republican candidate (presumably Donald Trump) or another candidate not running as a Democrat wins, this question resolves ambiguously.
For example, if Bernie Sanders runs as an independent against Joe Biden and wins, the question resolves ambiguously.
This question will resolve positively when such a law has been passed through congress and signed by the president, regardless of whether or not it takes effect (for example because of legal challenges).
This question will resolve negatively if the Democratic candidate is elected, but no such law is passed before the expiration of their first term - either January 20, 2025, or the date that a new President is appointed who is not a Democrat, whichever comes first.
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