The motivation isn’t revenue as much as it is envy. If we have to hurt ourselves badly to stick it to those rich guys, it’s worth it for the few moments of grim satisfaction that we’ll get.
Exceptions made for uber-wealthy Leftists, of course.
The last line is correct. It’s all about envy.
It’s the same as when politicians start talking about taxing corporations. Those eeevil corporations and their obscene profits.
Over the years, I have from time to time gotten into conversation with people who hear those wonderful ideas from politicians and who swallow them hook, line, and sinker. Unless the person is a raving lunatic, I’ll try to bring a little enlightenment into the situation.
I’ll say something like, well, you know, unfortunately companies HAVE to make a profit to stay in business. Really, would you work without getting a paycheck? I know I wouldn’t! Besides, when you think about it, corporations don’t pay taxes anyway. They pass those on to their customers....”
It’s a pleasure to watch the light dawn across someone’s face. I always hope that, once a thought process actually starts, it may continue on.
A quick glance around the world and a short perusal of history will reveal that Leftists care not one whit about the negative effects of their policies.
The communist rulers of Cuba, for example, certainly are aware of the consequences of their policies compared to policies in other countries. They could not care less. They are not moved to correct them.
Leftist are only interested in the accumulation of power.
“Now-I-will-get-a-beer” Warren definitely has problems connecting with regular people, who she has objectified as cattle to be herded.
What make Dan think Fauxchahontas cares?
The Power to Tax is the Power to Destroy, and Power is what she is about.
What if we tried selling lefties on the idea that the wall is to prevent people from fleeing high taxes?
Very smart of her to exclude folks with several millions of dollars, like herself, from higher taxation.
It isn’t about revenue.
It is about eliminating success and creating dependency.
This requires class warfare and an enemy.
Same strategy the Bolsheviks used to take over.
As long as it is “morally right”, the facts are irrelevant....
I believe this is the new thinking in D.C. anyway...
Revenue?? How ‘bout: It is Constitutional??
*NOBODY* questions Congress’ ability to tax...it’s the “What FOR” is the $1M question. The tri-co-equal-branches taxpayer fuster-cluck *never* tread into that territory.
Warren: her sister lives in France !
No, that was the other nutty lefty gal defeated by Scott Brown
XVI Amendment
The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.
It doesn’t say anything about a tax on wealth. Only income.
Warren doesn’t care what it did just as Obama didn’t care raising capital gains tax would bring in fewer tax dollars.