Posted on 03/07/2021 10:37:56 AM PST by John Semmens
The Democrat bill to levy a 2% wealth tax on rich Americans was stoutly defended by Rep. Pramila Jayapal (D-WA). "The private pursuit and accumulation of wealth has been a serious problem for this country since the very beginning," she asserted. "The bill to gradually phase out this blight is a modest endeavor with great ultimate impact."
"At 2% per year it would take 50 years to eliminate the entire upper class in America," Jayapal pointed out. "By pushing these elites down into the middle and lower classes we will achieve a greater equality than any other nation has achieved. As New York Times economist Paul Krugman points out, too much freedom burdens and confuses people. The result is that much of the wealth that is in private hands is frittered away on selfish indulgence. The wealth tax will transfer this wasted wealth to the government where it can be used in all manner of important causes."
"The utopia envisioned by Marx will become a reality only two generations hence," she boasted. "Instead of everyone having to struggle to earn a living, the government will be in a position to provide each person with what he or she needs. The money-grubbing capitalist system will be replaced by a regime where everyone does the tasks assigned to them by government planners. Greed will be replaced by selfless sacrifice as the motivation for all good people. I think once people realize what they have to gain, the support for the wealth tax will be overwhelming."
An example of the more beneficial outcome of transferring wealth to the government was demonstrated by the COVID relief bill (American Rescue Plan Act of 2021) provision granting each federal employee 15 times as many $1400 "stimulus checks" than every other recipient. Rep. Carolyn Maloney (D-NY) justified the skewed payouts, contending that "federal employees have been declared essential. The others have not."
If you missed any of the other Semi-News/Semi-Satire posts you can find them at...
http://www.gopbriefingroom.com/index.php?topic=430737.0
The Dems have been pushing a wealth tax lately, but they are missing a key issue. A wealth tax like the income tax is a direct tax that is not apportioned equally among the states.
The 16th amendment had to be created to allow the income tax, but the 16th amendment does not allow for a wealth tax.
Now, we have to see if SCOTUS will not true.
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