‘90% agreed to’: Biden meets with Manchin in Delaware to sell new billionaire’s tax

The Washington Times ^ | Sunday, October 24, 2021 | Haris Alic

[AnthonySoprano]

[Republican Wildcat]

While the plan has yet to be finalized, it would tax billionaires annually on any increase in the value of their assets, like stocks and real estate. The tax would apply to individuals with assets in the billion-dollar range and those with annual incomes greater than $100 million over a three-year period.

Probably resulting in a lower value of the stocks as they invest elsewhere or have less incentive to invest at all, therefore harming the smaller investors while not harming the billionaires at all - because, well, they are billionaires.

[ncalburt]

AMNESTY is Still Buried in that Bill .

They ignored the Senate Parliamentarian .

CALL your. REPS.

[beethovenfan]

We’re 100% screwed.

[BradyLS]

Should never have agreed to go into the enemy’s camp.

[Jewbacca]

Correct. What a boom this is for private equity.

[july4thfreedomfoundation]

It’s a crock of crap.

The RATS could take EVERY dime every billionaire in America has to his or her name, and it wouldn’t even make a dent in the RATS drunken frenzy of multi-trillion dollar spending and pork barrel projects.

[july4thfreedomfoundation]

Just like the federal income tax.

Circa 1914 it was “only” a tax of 1 - 2% on millionaires.

Look what THAT has evolved into over the years.

[PeteB570]

Once you pass a tax with a ceiling - it can always be lowered.

[JennysCool]

The French had to back off a similar tax a few years ago.

The pretentious American Left is always in awe of European initiatives. They're so tres chic!

Even when they're colossal failures "over there," egotistic American Lefties believe they can make whatever the plan is work over here.

[Tucker39]

Several weeks ago I said Manchin would fold like a cheap umbrella and shill for the monstrosity.

[SunkenCiv]

...as Democrats weigh a new billionaire’s tax to help pay for their multi-trillion-dollar expansion of the federal safety net.

[Freedom56v2]

I think we owe a “debt of ‘gratitude’” to the 9 RINOs that kicked the can down the road thereby allowing the Dems more time to wheel and deal...

[DoughtyOne]

Class warfare.

I’m jealous of no man. I live a decent life on a smaller
income than I would like. That probably covers 95% of the
nation’s populace.

Some people are worse off. I’m sorry.

Some people are better off. Who cares?

[Sam Clements]

This meeting happened about 10 hours ago. Still no news except Nanzi’s blather. Notice that Nanzi was not there. If the communists had good news on their end, why not get that news out. What I am saying is that we have no idea what happened.

[OKSooner]

Yeah, that’s one way of saying what Mitch et al deserve. 🙂

[VTenigma]

BOHICA. They are going to get their commie diktats emplaced. Wave bye-bye to the once great USA.

[Raycpa]

Taxing assets held by billionaires is first step toward taxing our retirement plans.

[E. Pluribus Unum]

Plank #1 of the Communist Manifesto: Abolition of private property rights.

[ealgeone]

pelozi says that'll raise only 2-300 billion....they need 2 TRILLION.

but this won't cost us a dime and no taxes will increase....LOL!!