Warren proposes 'Wealth Tax'
- Thread starter tlwwake
- Start date
Crazy difficult to implement and enforce. Just another step closer to full blown government control of everything.
Don’t like it and agree with the difficulty of equitably enforcing it.
I do agree with her in general on the idea of “trust busting” monopolies.
I do agree with her in general on the idea of “trust busting” monopolies.
I wonder what will happen??
Everyone is just going to stay put in this country, not hide their wealth and pay it happily I’m sure.
Everyone is just going to stay put in this country, not hide their wealth and pay it happily I’m sure.
I think that is called property tax. Are you saying to add federal tax onto the local and state property taxes?
I invoke Hauser's Law - the proposition that, in the United States, federal tax revenues since World War II have always been approximately equal to 19.5% of GDP, regardless of wide fluctuations in the marginal tax rate.
So, the question really becomes - are higher taxes on the wealthy going to negatively impact the GDP, than how much of it they can capture.
Pretty obvious to me that the wealthy will seek tax shelters, move their interests out of country etc. - taking their money out of US banks and the American economy. How is that a good thing?
Figures that Liawatha is pitching this class warfare bullshit. We need to focus on bringing back the American middle class.
So, the question really becomes - are higher taxes on the wealthy going to negatively impact the GDP, than how much of it they can capture.
Pretty obvious to me that the wealthy will seek tax shelters, move their interests out of country etc. - taking their money out of US banks and the American economy. How is that a good thing?
Figures that Liawatha is pitching this class warfare bullshit. We need to focus on bringing back the American middle class.
Until the tax loopholes are closed, all of the progressive liberal taxes are just trophies to make them look like they stuck it to their rich in favor of the common man
So, who benefits from this wealth redistribution and why? Illegal immigrants? Taxpayer funded abortions? Gender "reassignment" operations? Liberal colleges? Expanding the government in to more rules and laws and intruding more in to our privacy? Widening welfare benefits? When the libs propose to take more of someone's money, what lib programs are they going to spend it on?
Mega addressed the front side of this issue, but what does the backside look like?
Mega addressed the front side of this issue, but what does the backside look like?
1% goes to late term abortions, the other 1% goes to putting tits on chicks with dicks and 1% is specifically to make sure your grandkids don't respond to your facebook messages.
I'd support this program if its enactment was not simply an excuse to expand government further. The story says 2.75T over 10 years in additional new taxes (of course not counting the tax shelters, dodges, and other mechanisms the wealthy will use to avoid it). That's $275B per year. Not even enough to balance our current federal budget much less actually support government expansion.
With the level of hate, greed, and envy rising on the left. Perhaps.Oklahoma’s Own—-
First Female President??!!!
Poorest Trump basers on board with AOC...
https://www.huffingtonpost.com/entr...out-raising-taxes_us_5c49db23e4b06ba6d3bb1b9e
https://www.huffingtonpost.com/entr...out-raising-taxes_us_5c49db23e4b06ba6d3bb1b9e
George Will on Senator Warren:
https://www.washingtonpost.com/opin...6ad144-2018-11e9-8b59-0a28f2191131_story.html
https://www.washingtonpost.com/opin...6ad144-2018-11e9-8b59-0a28f2191131_story.html
If you pay more can you expect to get more?
Amazing how many people are okay with additional taxes when it doesn’t effect them.
Although I am sure it is true, not too many taxes that effect the poor but not the rich. Unfortunately, way too many people believe the line about “tax breaks for the rich”. Or the “rich don’t pay for their fair share”. Or they have such a misunderstanding about the tax code they have no idea.
It is just simple to believe the rich are the boogeyman and that works for politicians to use the boogeyman for political gain ... even when it is grossly unfair.
The top 1% already pay nearly 46% of all taxes paid (CNBC 2015 article). The top 10% pay nearly 70% of all taxes paid. They already way overindex in taxes paid, but the victimization culture of America allows politicians to make it seem like that is not enough.
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