The Fed doesn't the power to enact a wealth tax. It's powers were delegated to i...

		tylerhou on Feb 11, 2021 \| parent \| context \| favorite \| on: America's 1% Has Taken $50T From the Bottom 90% The Fed doesn't the power to enact a wealth tax. It's powers were delegated to it by Congress. Congress does have the power to enact a wealth tax. But it chooses not to. The way to change that is by voting.