Hey! Thousandaires don’t want to be taxed either!!
They just don’t want to be hacked to death with a machete.
If you have a billion dollars, you’ll say anything to improve your chances of survival.
This is not that hard people.
The democrat strategy is to fabricate an artificial battle between billionaires and democrat candidates. They’re going back to basics with this ruse.
People like Bill Gates, who are desperate for a democrat to win the presidency, are actively participating in this charade.
Pay attention and see if you can spot the pattern during this election campaign.
if they think they aren't taxed enough they don't need a law raising their taxes, paying taxes is VOLUNTARY!!! or so the IRS says anyway, and they are free to pay as much as they think they should be taxed to make them feel good about themselves... funny that they have armies of tax accountants to ensure they pay as little as possible though
It would require a constitutional amendment to take money away from people as it would violate the 5th Amendment.
“How dare they!”
Demonrat Billionaires should be taxed at 110%. You want Socialism, you turn over all your money.
We need to cut spending not raise taxes.
They are people, and a lot of people don’t like being singled out for special fees and taxes.
Anybody who says that they do want to be taxed are either lying or out of their cotton pickin minds.
They worked harder and smarter than the rest of us and should not be punished.
If you understand the concept of a wealth tax, then you would be 100% against it unless you are a socialist...
A wealth tax is what Elizabeth “Pocahontas” Warren is talking about....
A wealth tax is almost impossible to enforce and could be unconstitutional.......
Warren Buffet always whines that his secretary pays more taxes than he does.
That’s because he doesn’t show any income on his billions of dollars of assets.
Start forcing people to sell assets to pay a “wealth tax” and you will see the stock market evaporate.
Not that Warren will pay it. He’ll renounce his citizenship and move to New Zealand before he does that.
The Wealthy are not in favor of a Wealth Tax?
Hodda thunk it...
I think that the “wealth tax” proposal is a magnificent idea.
Let these billionaires who support leftists face their taxes going up significantly. They have no revulsion to payroll taxes going up on the “wage slaves” to support their communist ideas.
Now that such proposals are out there, they want to hit the brakes on socialism... because it reaches them where it hurts. They don’t pay payroll taxes at 40%, they are already rich so many of them are not taking salary. They take their compensation in stock options and pay 20% cap gains when they sell and on the accrued interest.
If the Feds keep printing money, we will need a million to buy a hamburger and fries.
I think all the proposed socialist candidate taxes are “wealth taxes” not income taxes. I think the billionaires were saying “income tax us more”. “Wealth tax” = 5%-10% of of your assets every year (until you reach zero?). Every tax payer has to pay an appraiser to value all their assets every year? Sounds crazy!
A person would have to be insane to have a billion dollars in cash. Otherwise, all that money is tied up in investments.
Often, like Bill Gates, they cannot sell their stock investments or they will lose most of their fortune, because it will make the price of their stock plummet. This is why his foundation exists, so that he can give it stock as a deduction, on condition that they can only sell off 10%, no more, of it every year. As such it stabilizes the stock price, so he can sell some stock without a price crash.
So the best bet to increase tax revenues is for tax policy to tax investments that benefit the economy at a much lower rate than those that are speculative, more like gambling.
this thread mixes well with this other thread about wokeness:
http://www.freerepublic.com/focus/f-bloggers/3793738/posts#comment
When some rich guy says rich people should be taxed more what they are really doing is announcing their wokeness, that they aren’t the bad people. It’s social insurance, a meaningless and inexpensive way to have people like them. They don’t even have to give anything ... they get credit just for saying Left-wing things.
The left created this class society by design.