Posted on 01/24/2019 11:10:12 AM PST by DCBryan1
Sen. Elizabeth Warren, D-Mass., is planning to propose a "wealth tax" on some of the richest Americans, an economist who advises her told CNBC on Thursday.
The new tax from Warren, who recently announced her bid to challenge President Donald Trump in 2020, would only apply to Americans with more than $50 million in assets.
The Washington Post first reported the development.
Warren's proposal comes alongside other Democratic lawmakers' plans to raise taxes on the wealthiest Americans to pay for ambitious policy goals, including a "green new deal."
(Excerpt) Read more at cnbc.com ...
The people in the $49 Million Dollar Club are all in.
No it won't. The wealthy will not sit idly by and have their wealth confiscated. They will get rid of the problem....................
I was going to post “you commie pigs aren’t even trying to hide it anymore”. Then I read your post, yours is much better!
Envy, covetousness and theft. Sin strutting about as virtue. And all too many Christians will get behind it.
And the rich will have to raise consumer prices and lay off a number of workers to make up the difference.
Nothing more than disguised communism.
Typical Dem maneuver. Propose a damaging policy then wait for the campaign contributions to come rolling in as sort of a indulgences. It fades until the next wave.
Democracy, as today’s democrats see it, is two wolves and a lamb voting on what to have for lunch. However, even if the poorest 51% votes to redistribute everything from the wealthiest 49% and they get legal backing for their armed robbery, it’s still stealing, and it’s still immoral. I will be cheering for the (armed) victims to defend themselves successfully.
First, it was Gavin Newsom and Bill de Blasio trying to out-promise each other.
Now, Old Paleface Lizzy jumps into the game.
She should.
“The wealth tax is projected to apply to less than 0.1 percent of U.S. households, and would raise $2.75 trillion over 10 years, Saez said.”
It won’t raise 10% of that, these taxes never amount to anything but stifling the economy.
Start with Silicone Valley...and end there.
I don’t know if I would call this a “tax”, more like forced confiscation of property.
What loopholes is she purposing for her crony multi-millionaires in Congress?
Or will it be another one of those bills that is to big and in to big of a hurry to be read before being voted on?
I was thinking what would happen to Hollywood and the fake media if the Socialists and Muzzies took over. Although I would hate to see what would happen to the rest of the country but to see the fake media and Hollywood in concentration camps would be a game changer.
Until a Democrat majority drops the $50mm limit to $5mm "for great justice"!
Last person eaten by the Crocodile Syndrome.
HOW TO MAKE A LOT OF MONEY
1. Declare that you are a Democrat candidate for President.
2. Promise all kinds of unrealistic free shirt for Democrat voters.
3. Stuff your pants full of cash from stupid Democrat voters.
4. But $12 worth of confetti and balloons and lose.
5. Get that condo in Kauai!
Chief Lying Bull wont..remember, rich Commies dont consider themselves rich
More like the tax won’t end the uber-wealthy being uber-wealthy.
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