JONATHAN TURLEY: Abdul El-Sayed’s wealth-tax fantasy could wreck the Michigan economy
Fox News opinion columnist Jonathan Turley criticises Michigan Democratic Senate candidate Dr Abdul El-Sayed for reaffirming his support for a wealth tax during an interview with Jesse Watters. Turley argues the policy, which El-Sayed says would apply to those with over $100 million in wealth, is unconstitutional at federal level and would be economically damaging if applied in Michigan, deterring businesses and jobs from the state.
El-Sayed, who has proposed the tax partly to fund programmes such as Medicare-for-All, reparations and road repairs, suggested a 7% annual levy on wealth above $100 million, which he argued the very rich would barely notice. Turley contends El-Sayed conflates wealth and income taxes and warns that, as with other Democrats such as Ro Khanna, the $100 million threshold would likely be lowered over time to capture more taxpayers. He notes El-Sayed and his wife reported income of $686,069 in 2025 and so would not themselves be liable under the proposed tax.
- Turley criticises Michigan candidate El-Sayed's wealth tax proposal
- El-Sayed proposes 7% tax on wealth over $100 million
- Turley warns policy could harm Michigan's economy and businesses