Now costs a million.
-PJ
Posted on 05/12/2015 11:46:23 AM PDT by Oldeconomybuyer
Wealth tax proposal...you know it’s coming. And, remember that in the interest of fairness, it’s very difficult for US citizens to have overseas accounts. Financial repression in this country is on the rise.
Now costs a million.
-PJ
Very very stupid. For them, the ideal is marxist, where the government controls all jobs and is the sole employer. Unfortunately, in marxism, there is a ruling elite which gets huge benefits and pay that the ordinary working drones don’t get.
That is what they want to give us.
It needs to be made very clear that when socialists like warren and deBloviate say
“workers,” they are talking specifically about unions, and, more specifically, union leaders, where their votes, bribes and kickbacks come from.
LOTS of income equality in Cuba, N.Korea, Venezuela, Nigeria, Zimbabwe, Iran, Saudi Arabia, etc...
Wall Street transaction tax and extending FICA withholding to the last penny of income are done-deals IMO.
Both garner 70+% public approval in polls. The better to pay for more FREE SH**. Plenty of Pubbies will vote yea.
I love it. Lizzy Warren who made millions flipping repossessed houses now wants to redistribute *our* money. Why doesn’t she redistribute all that money she made? Plus she should redistribute the millions she made practicing law without a license in Massachusetts.
Yes that is great. I could really get behind this tax increase business if I got to turn the tables on the liberals. They essentially just want to tax Republicans and give the money to Democrats (themselves). Where it is not directly themselves it is to people they think they can buy for themselves.
We should triple the tax on publishers, professors, and online computer services. They have too much money. Give us some of it.
Income inequality?
Easy - just steal money from those who make it and use it to buy votes from those who don’t.
Keeping an economy afloat while doing it is impossible, but who cares - socialists love to live in crap holes.
You’re probably right.
The Wall Street turnover tax is interesting, because it’s a camel’s nose under the tent sort of thing. At very low rates, it doesn’t affect investors or even semi-frantic traders; at higher rates, it will virtually paralyze the market.
The FICA tax for Social Security is also interesting. If you cap social security benefits, but tax any wages, regardless of the limits, you screw high-earners (I guess that’s popular). But, the real money would be in taxing capital gains and dividends as if they were wage income with a FICA component. Does it make logical or legal sense—no. But it’s where the money is.
That’s the situation as long as we tax flows—explicit income due to taxable events. But, I fear the ultimate leftist wet dream is to tax accumulated wealth (or savings, if you’d like a less class-sensitive term) directly. At present, we only do it directly at death, and indirectly through real estate, Medicare income testing to determine premia, etc.
And the UI's are always among the first to shipped off to the Gulags.
In this case, the Gulags could be either metaphorical or actual.
Or both.
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