Posted on 11/07/2019 4:17:46 AM PST by karpov
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The constitutional objection to wealth taxation is based on two clauses that require any direct tax to be apportioned among the states based on population. So, since 12 percent of the population lives in California, Californians must pay 12 percent of any direct tax.
For the Warren and Sanders wealth taxes, that would be a deal breaker. To match revenue fractions to population percentages, as the Constitutions direct tax clauses demand, we estimate that the wealth tax rate in West Virginia the poorest state per capita would need to be roughly 10 times the rate in more affluent California and more than 20 times the rate in prosperous Connecticut.
The Warren and Sanders wealth taxes would very likely be classified by courts as direct taxes. Alexander Hamilton explained in Federalist No. 36 that taxes on houses and lands were direct taxes. Supreme Court majorities have said on at least seven occasions that federal taxes on real property (land and buildings) are direct taxes. Congress enacted at least five federal property taxes in the 18th and 19th centuries and apportioned them based on state population each time.
The proposed wealth taxes would apply to real property, which would seem to make them direct taxes. Both plans would also tax personal property, which encompasses all assets other than land and buildings, like securities and art. Some wealth tax defenders argue that even if a tax on real property is direct, a tax on real plus personal property is not. The idea is that by some feat of constitutional alchemy combining the concededly unconstitutional tax on real property with the purportedly less problematic tax on personal property erases the flaw with the former.
(Excerpt) Read more at nytimes.com ...
Wait, liberal democrats read the Federalist papers and didn’t burst in to flames?
It also wrecks the economy and destroys prosperity, and everybody suffers (except rich, powerful, self-serving politicians, of course).
Their voices mean nothing to the socialists.....people like this are the first ones sent to the gulags.
If you can't enjoy the fruits of your labors, why labor? Of course this is the goal of leftists like the despicable Fauxcahantas. They want the flow of all wealth controlled by the government with politicians like her picking the winners and losers for arbitrary and capricious reasons. Filth like Warren and her fellow Democrats have not the intelligence or the right to direct the economy. Their stupidity has been tried many times before (Venezuela being the latest example) and it has ALWAYS failed to deliver what it promised.
Democrat voters are obviously made of dark matter.
The writers math is off a bit based on how they explain this.
If CA pays 12% due to having that % of the population then WVA paying 10 times that rate means 120% of the population lives in WVA.
It’s not a gd tax! It’s confiscation! The property “tax” is not a tax. It’s progressive confiscation, 3% per year. The wealth “tax” would be the same. Stop calling it a tax!
You are talking about the income tax, right?
No, that is what the income tax does.
Well, I wasn’t, but it also applies. Excellent observation.
WHile income tax makes wealth creation more difficult it does not completely destroy it. If you want proof you simply have to look at the number of billionaires and millionaires in the country today. A wealth tax destroys accumulated wealth. (although property taxes and inflation do this as well)
Tell that to John Roberts.
Constitutional is whatever John Roberts says it is after getting out of bed and reading his reviews in the New York Times.
Who worries about little things like Constitutionality these days?
(They just passed some law about cruelty to animals. I’d love to know which enumerated power this fell under.)
ML/NJ
Amen to that
Deranged megalomaniac criminals and their accomplice has a gun near the back of your head. (Whoa I didn’t see that shot coming. He was smiling and talking to me a few seconds ago.)
It is Unconstitutional, but when dimrats are in power, the Constitution is just a speed bump to them.
As Ayn Rand wrote/said back in the 70’s when this was being floated, “By What Right?!!!” Where in the Constitution is there permission to take the wealth from citizens?
But these bast*ards never give up.
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