“While the law stipulates that I must surrender this money, I refuse to acknowledge this as a tax at all. This is not a tax. This is an asset seizure plain and simple.”
He’s right. It’s no different than what the Marxists did and what happens in South Africa and Rhodesia.
I’m SURPRISED no one tries a lawsuit against it. If a tax rate is set, people can plan for it. If it might go up retroactively, then what are they to do - hire a fortune teller to ‘see’ which way the polls are leaning? And this GRAB reaches back 10 months. Why not 10 years then - make “the rich” amend their tax returns (with penalties, of course) and pay back for their past 9 years of their “theft”.
I mean why not - what’s the difference?
The Clinton administration won that lawsuit. Retroactive taxes are now allowed.