October 31, 2019 12:09PM # Trick-Or-Treat. It’s Senator Warren! By [Walter Olson](https://www.cato.org/people/walter-olson) --- SHARE Washington Post reporter Annie Linskey shares this anecdote from the campaign trail about Sen. Elizabeth Warren (D‑Mass.) and the [wealth tax she has proposed](https://fivethirtyeight.com/features/warrens-wealth-tax-isnt-the-slam-dunk-progressives-want-it-to-be/): > Sen. Elizabeth Warren says that she met two little girls in N.H. who are planning a “two cents” Halloween costume in homage to her proposed wealth tax. > > > It will definitely be a scary costume to some. > > — Annie Linskey (@AnnieLinskey) [October 30, 2019](https://twitter.com/AnnieLinskey/status/1189588032740941825?ref_src=twsrc%5Etfw) Isn’t it cute? Kids and their wacky ideas! But the better analogy would be if they showed up demanding 2% of the value of the house and its furnishings, and added that they would be back with that same demand each year. Warren’s fans might respond that her confiscatory plans begin — for now, at least — only after the first $50 million in assets, far above the value of almost anyone’s house. Of course that would also make nonsense of the original cute-costume idea too — except for the principle that your wealth and savings are there for the government to confiscate in the first place. That’s a principle some people seem keen to establish for the future. ##### Related Tags [Tax and Budget Policy](https://www.cato.org/tax-budget-policy) [![Creative Commons License](/build/cato_2020/images/creative-commons.svg)](http://creativecommons.org/licenses/by-nc-sa/4.0/) This work is licensed under a [Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License](https://creativecommons.org/licenses/by-nc-sa/4.0/).