Warren taking on Facebook surely can’t go over well.
What will CEO do when Biden has to drop out and Warren is the nominee.
Take ALL of the assets of the top 100 people in America and you still won’t dent the national debt.
And how long before the threshold tax rate would creep down “just a little” every year. Commy pink useless bastards and bastartetts.
Is it actually possible to read more at the WSJ w/o an account?
Once the socialists get going, you will be AMAZED at who they decide for tax purposes is "RICH".
Americans have the lowest savings rate of the developed world and this plan would make that drop to zero.
Savings are the basis of capital formation and investment. When the socialists seize and consume savings, they scuttle growth and investments that are motivated by the incentive of profit. The result is obsolescence and poverty. Poverty is the fate of any entity that embraces socialism.
This article source appears to be from the Wall Street Journal. Consider the source.
After looting investment monies, wealth and pensions, what is left for 'growth'. Nothing.
These people expect us to accept a new Venezuela-like debt with no future investment?
Expect to share the Socialist misery when the money runs out and infrastructure collapses.
It's their idea of a 'New Green Deal' based on debt.
I want to be licensed as an appraiser for the IRS.
I have to believe that the graft coming to those guys will be out of this world. It would be like being a “sin eater.”
Sign me up.
Do you really think millionaires and billionaires would stay in America if they were to be taxed at such a high rate? They will all leave and the rest of us would pick up the cost.
When these idiots get in (likely in 2028), they are going to come for the 401k’s.
Unintended consequence: invested money will evaporate, causing skyrocketing interest rates for poor (among others). Borrowing money will be very expensive, as “the rich” dump their liquid cash into stable/appreciating assets outside measurable norms, instead of loaning it to others such that it’s recorded as “wealth”. Housing markets will shrink drastically, as mortgage rates rise so high people will (generally) only buy homes they can actually afford, vs bank their future on paying for.
I believe the original Income Tax was 2% and only affected the super Rich.
Wow, what a difference 100 years makes.
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.
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?
A shout out from Lucifer?
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!”