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My Outline for a Federal Wealth Tax
08/01/2018 | Brian Griffin

Posted on 08/01/2018 12:06:00 PM PDT by Brian Griffin

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1 posted on 08/01/2018 12:06:00 PM PDT by Brian Griffin
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To: Brian Griffin

Go away.


2 posted on 08/01/2018 12:07:30 PM PDT by EagleUSA
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To: Brian Griffin

Any wealth tax that starts out at 1% or 2% would quickly escalate to 50%+ once Democrats got addicted to spending the money.


3 posted on 08/01/2018 12:07:41 PM PDT by Buckeye McFrog
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To: Brian Griffin

So frugal people will be taxed more. Bit like an estate tax when not yet dead?

Does this happen every year? So, you know, you’re not just taxed when earned (income), but for 30-40 years?

Or is it taxed every year?

Does property get taxed as property and as wealth?

Seriously, this is the dumbest thing every written.


4 posted on 08/01/2018 12:08:43 PM PDT by Jewbacca (The residents of Iroquois territory may not determine whether Jews may live in Jerusalem)
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To: Buckeye McFrog

When were they not addicted to spending the money?


5 posted on 08/01/2018 12:08:43 PM PDT by Olog-hai ("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
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To: Brian Griffin

If it REPLACES the income tax I am all for it.


6 posted on 08/01/2018 12:09:31 PM PDT by central_va (I won't be reconstructed and I do not give a damn)
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To: Brian Griffin

These the fantasy dreams of someone who dies not understand economics or the structure of wealth within the US.


7 posted on 08/01/2018 12:09:34 PM PDT by taxcontrol (Stupid should hurt)
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To: Brian Griffin

Tell Bernie and Ocasio-Cortez. This idea is just what they are looking for.

Make America Venezuela Again


8 posted on 08/01/2018 12:10:09 PM PDT by Pelham (California, Mexico's socialist colony)
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To: Brian Griffin
Debt gets paid off by keeping tax revenue low (enough to fund the Constitutional duties of the federal government) and not spending on socialism.
9 posted on 08/01/2018 12:10:14 PM PDT by Olog-hai ("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
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To: Brian Griffin

Great idea! would clear the decks for the massive debt needed to pay for single-payer health-care, a basic-income for all, and massive raises for all government employees!


10 posted on 08/01/2018 12:10:31 PM PDT by PGR88
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To: Brian Griffin

How about you give all of your life savings to the government then slit your wrists so as not to be a burden to the rest of us


11 posted on 08/01/2018 12:10:33 PM PDT by from occupied ga (Your government is your most dangerous enemy)
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To: Brian Griffin

This is why it won’t work:

https://www.youtube.com/watch?v=661pi6K-8WQ

:)


12 posted on 08/01/2018 12:11:01 PM PDT by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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To: Brian Griffin

So, I earn money, which is taxed considerably. With what I can save out of what’s leftover I buy a house. I pay property tax every year on that house. Now you want more, calling it a “wealth tax”?

GFY

And the horse you rode in on.


13 posted on 08/01/2018 12:12:03 PM PDT by bk1000 (I stand with Trump)
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To: Buckeye McFrog

“Any wealth tax that starts out at 1% or 2% would quickly escalate to 50%+ once Democrats got addicted to spending the money.”

There is already a wealth tax in Democratic and Republican areas called property tax. The modern rates tends to fall between 1% to 2%.


14 posted on 08/01/2018 12:12:03 PM PDT by Brian Griffin
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To: central_va

What would actually help is keeping the tariffs in place while repealing the Sixteenth Amendment utterly.

Of course, the “programs” that the federal government assumed control of solely as an exercise of power would have to go back to the private sector.


15 posted on 08/01/2018 12:12:41 PM PDT by Olog-hai ("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
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To: Brian Griffin
BULLSHIT

Such a tax, as with any tax, simply provides the legislators with a new well of revenue with which to increase their spending which will increase to some level that will use all of the projected new revenue and will then increase the debt. The projected revenue will be less than projected and will decrease as the holders of wealth make new arrangements for their assets but the new spending will only continue to accelerate.

16 posted on 08/01/2018 12:14:50 PM PDT by arthurus (H|-| W|/\| M|\/| V\/)
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To: Brian Griffin

What will you tax after all our assets are overseas? Seems to me that everybody will end up with less and less every year.


17 posted on 08/01/2018 12:15:26 PM PDT by Rapscallion (THE REAL COLLUSION IS BETWEEN DEMOCRATS AND RUSSIAN COMMUNISTS.)
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To: Brian Griffin

Go to ****! **** my ***! Go **** ********!

Clear?


18 posted on 08/01/2018 12:15:50 PM PDT by I want the USA back (This week's hypocritical hysteria: Manafort/Russia Probe again!)
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To: Brian Griffin

Are you really so naive as to believe they will actually pay the debt off with new revenues? What makes you believe that they wouldn’t use the new tax money for more freebies for people who vote for a living?

So you propose a tax on common stock. Is that in addition to income tax and capital gains tax?


19 posted on 08/01/2018 12:16:50 PM PDT by Blood of Tyrants (The ONLY purpose for gun control is so that one group can force its will on a less powerful group.)
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To: Brian Griffin

Nope. No wealth tax. No redistribution of income, earnings, wealth or whatever you want to call the rewards of thrift and effort. America would be much better off going to a flat tax. “Tax the rich” is what leads to the perception that government hands out free money, so it doesn’t matter how much of “other people’s money” is wasted. If everyone feels that they have skin in the game, we are more likely to demand responsible spending by government.

To pay off the debt, we should cut spending to the bone - eliminate anything not in the Enumerated Powers. Collecting more money from productive Americans does not shrink the debt; it just promotes more wasteful spending. No, thank you.


20 posted on 08/01/2018 12:16:57 PM PDT by Pollster1 ("Governments derive their just powers from the consent of the governed")
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