"So what?"
I suggest you quit blaming people for living in conditions they had no control over.
Posted on 10/03/2019 10:42:03 AM PDT by SeekAndFind
It steals money from the private sector. The private sector creates jobs.
It’s not pro growth. It’s a job killer.
The Federales already confiscate earnings - that is called “income tax.”
This is “We’re going to confiscate what you use to earn your income, and what you bought with it,” i.e. wealth.
This is so stupid and spun. A wealth tax does not indicate pro-growth. A wealth tax is available to the government because of growth. The writer mentions that in the last ten years, our growth has been retarded. Newsflash: eight of those ten years was controlled by the same people that are trying to tax the rich again. So, that’s been tried and all it did was harm the economy by your words? Additionally, in the first two years of the Obama administration we had a negative growth when the last year of the Bush run was a 1.9% increase. And the last year of the Obama run was 1.6%. In the first two years of the Trump run, we have gone up 2.2% and 2.9%. So the availability of the tax is now possible whether it should be implemented or not.
So like I said, they couldn’t tax the wealthy more during the Obama run as there was no money not overburdened with overspending inflation and a runaway market with Obama’s debt growing faster than any time in our history combined. We were better off when the DOW was a 6K. The cost of a gallon of milk was 50 cents. Now it’s over $3 unless you buy the cheap stuff and that’s at $2.99. Bought it today.
Trump and his actions has given the economy a legitimate growth despite the market fighting him so it’s time for the vulture libs to try to tax the rich again, dragging down employment successes and making the economy dependent on the government with giveaways to those that could be on their own if left alone.
The only thing I, really, wonder about is how the libs can continue to get away with this historical action and still get votes to stay there to do it again. Makes you lose the sight of what people can do to harm themselves. And we’re supposed to be the only animal that can reason. Or so we’re told. I question it too many times a day.
rwood
Good point. That’s working so well we should definitely do more of it.
That'll work until the money runs out and then it won't work anymore.
How do you build wealth when the interest rates are low, real estate mired in a bubble (Still) and inflation (No matter how well “they” hide it) rates hampering growth?
The gulf between productivity/profits and wages is rather wide. That has to do with a lot of factors boomers never had to experience while they drove up their debt policies of the backs of future generations. Get a clue, previous generations screwed the whole pooch.
There is NO tax that is pro-growth, idiot.
Wealth is not income. So no, you can’t get around the apportionment requirement using the 16th Amendment, unless you’re taxing income. That’s also settled law.
The apportionment requirement cannot be satisfied by any provision of the income tax law. A person’s net income tax payments (or credits) are not direct taxes, and are legally distinct from any direct tax.
And this fool thinks Government is going to spend it more efficiently? In truth there is a wealth tax but most folks don't think of it that way. It's called inflation and it is well known the kind of devastation that it can do.
Apparently this shmuck thinks billionaires keep their money in a vault like Scrooge McDuck instead of investing it in productive pursuits.
It’s not a tax. It’s confiscation. Tax is on earned/unearned INCOME.
By calling it a tax, millions of Americans will accept that it’s a tax, because they do not how to think critically.
I would support it if the government would take 90% of the NYT’s assets.
A wealth tax is a tax on forward thinking. Saving money, building on earnings, building equity is punished because the gimme class can’t bring themselves to see past the end of the week.
It is the most destructive tax possible.
I thought we had quarters that exceeded 3%?
He has no training in Econ and it’s obvious!
No they will probably start buying newsmeda, securing the border and voting Republican again, hopefully. If not than the taxes you mentioned are inevitable anyway. Better we stab the back stabbers in the front and get satisfaction from it. Letting them see ahead of time what the consequences of their actions would hopefully be corrective.
I will admit that it was the Double-Income No-Kids (DINKs) boomers that fundamentally changed America. They were the ones running the companies that were busy off-shoring American jobs and out-sourcing American manufacturing to locations in Asia.
Yes, they also enjoyed the Reagan Tax cuts and demanded increased spending on everything. So what?
Whining over spilt milk isn’t going to change the future. That is merely the Democrat agenda. In the meantime, we have to focus on where to go from here, and I think Trump is doing a terrific job at that.
Well...
Poliitcians: “We made your crony profits, and we can take them.”
Is a reasonable way of looking at it too!
Of course, it would be difficult to just tax the cronies...
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