We need instead to end the income tax.
But he IS still free to whine about not paying enough in taxes. BTW, Warren Buffett is doing EXACTLY the same thing.
Now they want to tax the taxes!
Yes, a wealth tax is unconstitutional. When has that ever stopped the demcoRATS?
The key litmus test in this is: will those wealthy “donors” to the democRATS and specifically Injun Warren, be willing to pay this tax willingly? I suggest they they aren’t because Injun Warren is having trouble raising money for her campaign advocating this.
In France where they have such a tax, what sort of effect has it had on their wealthiest citizens, and what percentage have departed with their wealth to locales out of the reach of this tax?
The President has already sounded the clarion call against Socialism--for example, at the State of the Union. Let's take it up to a purpose.
How about criminally deliberately evil? When and if a wealth tax passes then it's time to start thinning the ranks of Democrats.
Do they think the wealthy will just sit idly by as DemocRats rob them? This is the quickest way to drive the wealthy, who pay nearly half the income tax, out of the country.
As desperate as the government is for money to support the growing gibsmedats programs, "wealth" is where the elite of both parties protect their money and assets from the confiscatory taxes they impose on everyone.
Thanks for posting Ohioan. And with all due respect to your statement, please consider the following.
Noting that many of the delegates to the Constitutional Convention were wealthy, when the delegates ratified the Constitution they put their money where their mouths were by committing themselves and their rich friends to uniquely pay to run the new federal government. This is evidence by the following excerpt from rich man Thomas Jefferson’s writings.
“The rich alone use imported articles, and on these alone the whole taxes of the General Government are levied [emphasis added]. … Our revenues liberated by the discharge of the public debt, and its surplus applied to canals, roads, schools, etc., the farmer will see his government supported, his children educated, and the face of his country made a paradise by the contributions of the rich alone, without his being called on to spend a cent from his earnings.” —Thomas Jefferson to Thaddeus Kosciusko, 1811.
But also note that first half 19th century state sovereignty-respecting Supreme Court justices had clarified the following about Congress’s limited power to appropriate taxes.
"Congress is not empowered to tax for those purposes which are within the exclusive province of the States."—Justice John Marshall, Gibbons v. Ogden, 1824.
In other words, the Court had clarified that Congress is allowed to appropriate taxes only for what it can justify under its constitutional Article I, Section 8-limited powers and a few other minor constitutionally enumerated expenses.
In fact, one of the reasons that the Founding States established the federal Senate was so that senators could protect their states from federal overreach by killing bills that not only steal unique state powers, but also steal state revenues uniquely associated with those powers indicated by the Gibbons excerpt above.
This is also why the founders had given the power to vote for senators uniquely to state law makers, not to ordinary citizens.
Also note that a constitutional lawmaker and a Supreme Court justice had clarified that the Founding States had left the care of the people to states, not the federal government.
”... the care of the property, the liberty, and the life of the citizen, under the solemn sanction of an oath imposed by your Federal Constitution, is in the States, and not in the Federal Government [emphases added].” —Rep. John Bingham, Congressional Globe, 1866. (See about middle of 3rd column.)
"It is one of the happy incidents of the federal system that a single courageous State may, if its citizens choose, serve as a laboratory; and try novel social and economic experiments without risk to the rest of the country.” — Justice Brandeis, Laboratories of democracy.
Note that some constitutional limits on states as laboratories of democracy is that states cannot establish privileged / protected classes, or abridge constitutionally enumerated rights, and must provide their citizens with a republican form of government.
The reason that corrupt Congress is now taxing and spending for all kinds of things that it can clearly not justify under its Section 8-limited powers is the following.
The early 20th century Progressive Movement spooked low-information voters into pressuring state lawmakers to ratify the ill-conceived 17th Amendment. State lawmakers caved, foolishly giving up the voices of the state legislatures in Congress by doing so.
So now the corrupt, popularly elected Senate works in cahoots with the likewise corrupt House to pass unconstitutional bills that steal state powers and state revenues, state revenues stolen by means of unconstitutional federal taxes.
What patriots need to do about unconstitutional federal taxes is to support PDJT in leading the states to repeal the 16th and ill-conceived 17th Amendments.
Double taxation - taxed when you make it, taxed when you keep it - something about no taxation without representation - maybe if you’re going to get taxed twice, you get two votes - let’s see how that flies......
Confiscatory taxation and taxes on the rich:
Mass prosperity requires economic progress, which requires a pro-capitalistic political program, which requires rationality, natural rights, including private property rights, capital accumulation, and technological progress and advances.
The total abolition of the personal and corporate income taxes and of the inheritance tax is an essential feature of a pro-capitalist political program. It is required by the individual’s right to his own property. In addition, progress toward the abolition of these taxes helps to create the conditions required for economic progress, by increasing economic incentives, and the ability to save, both of which serve to promote capital accumulation, and thus a rising productivity of labor and rising average real wage rates.
What’s new? Our graduated income tax system introduced in 1913 with the 16th Amendment is a tax on wealth. So is the means tested Medicare Part B tier system that bases premiums on income.
Te Leftwing’’ of the Democrat Party? You mean they have a right wing?
Has any nation achieved such purposes by confiscating the material accomplishments of its most productive citizens, after they had already been taxed when those accomplishments were first accumulated? Does any socially inclined species, with a modicum of intelligence, seek to advance by tearing down its high achievers? Do you secure the Blessings of Liberty for your posterity by punishing the most successful of any generation?
Do those who wish to confiscate accumulations of great wealth, understand the self-sustaining mechanism, which provides decent employment for those not born with exceptional skills; that America thrived, as Great Britain had once thrived (before her stupid & disastrous acceptance of forced redistribution), precisely because she did not sabotage the accumulation of great wealth before ratification of the XVIth Amendment in 1913?
The Dems are really pushing their luck. If they’re successful implementing elements of their radical Leftist agenda, it won’t end well for them.
Fine tax it all away and when it’s gone it’s gone forever, then what will the Left do?