A Wealth Tax is politically popular – strong support from democrats
Dougherty 19 [Michael Brendan Dougherty; senior writer at National Review Online. ; 10-25-2019; Warren’s Socialism for the Upper-Middle Class Is Awful — and Conservatives Need a Better Alternative; National Review; https://www.nationalreview.com/2019/10/warrens-socialism-for-the-upper-middle-class-is-awful-and-conservatives-need-a-better-alternative/; 7-23-2023; AA]
While it could hardly be called revolutionary, the plan is actually pretty smart politics for Warren and the Democrats. It will dedicate a new program to demographic groups that have been moving away from Republicans and consolidating behind Democrats in recent elections: college graduates, upwardly mobile suburbanites. It will also address the genuine scandal of ever-growing student debt, without addressing the problem of ever-growing tuition and the luxurification of the American college experience. That is, it will relieve the costs to students, without really hitting the bottom line for the professoriate and administrations of colleges — another constituency that punches above its weight in the Democratic coalition.