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What’s a Wealth Tax Worth? Warren and Sanders’s plans to pilfer savings would hurt investment
Wall Street Journal ^ | October 13, 2019 | Andy Kessler

Posted on 10/14/2019 5:51:11 AM PDT by karpov

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To: Singermom
Do you really think millionaires and billionaires would stay in America if they were to be taxed at such a high rate?

I suspect passports will be suspended and all airports will be closed a la 9-11 just before such a plan is announced.


21 posted on 10/14/2019 8:23:32 AM PDT by Buckeye McFrog (Patrick Henry would have been an anti-vaxxer)
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To: karpov

I believe the original Income Tax was 2% and only affected the super Rich.

Wow, what a difference 100 years makes.


22 posted on 10/14/2019 8:25:51 AM PDT by Kickass Conservative (Kill a Commie for your Mommy.)
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To: a fool in paradise

It wouldn’t make a dent in the Annual Federal Budget either.

Eat the Rich and all that Jazz...


23 posted on 10/14/2019 8:28:11 AM PDT by Kickass Conservative (Kill a Commie for your Mommy.)
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To: mykroar

2024


24 posted on 10/14/2019 8:49:04 AM PDT by DownInFlames (Galsd)
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To: karpov

America should continue to tax income, not wealth. Taxing wealth every year will cause duplication of the tax every year they do it. Consecutive years’ taxs will bankrupt you.


25 posted on 10/14/2019 9:51:13 AM PDT by Rapscallion (If they are not for Trump, they are against him. Fire them.)
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To: karpov

Of course, a whole new massive bureaucracy will have to be created to asses how much wealth one has. It will, by the nature of its job have to be intrusive. And don’t think it will be only looking at the obvious rich. Think of the stories where it turned out that someone who everyone thought was poor turned out to be rich. They’ll have to look everywhere. What could go wrong with that?


26 posted on 10/14/2019 2:40:19 PM PDT by hanamizu
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To: karpov

A shout out from Lucifer?


27 posted on 10/14/2019 4:45:29 PM PDT by BenLurkin (The above is not a statement of fact. It is either opinion or satire. Or both.)
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To: karpov
Let this be fair warning to ALL AMERICANS!

What happens when LIEberals are elected to public office?

They LIE TO, CHEAT AND STEAL FROM the Citizenry!

TAXMAN: “A vote for ANY LIEberal, whether it be in a local, state or federal election, is a vote against America!”

POTUS: “A vote for any Democrat in 2020 is a vote for the rise of radical socialism and the destruction of the American dream!”

TAXMAN: “America cannot survive a LIEberal victory in 2020!”

28 posted on 10/14/2019 5:13:20 PM PDT by Taxman (We will never be a truly FRee people so long as we have the income tax and the IRS.)
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