Posted on 03/01/2021 12:09:16 PM PST by C19fan
Great way to send capital to the exits. And corporations.
LOL, that's a good one :)
>>Not to worry. We are all on the menu. Start with fifty million, then increment downwards.<<
The income tax passed in the 16th Amendment was for 3% flat tax.
Money is fungible. You can bet they suddenly be under 50 million in no time at all.
It is a better idea to let the rich get richer while creating jobs for the rest of us...
Yet. Although, I’d like to see everyone pay something. Maybe then they may take the United States seriously and vote out the bums.
It will hit a bunch of Democrats. But as said elsewhere, the true plutocrats have ways of avoiding this.
Ha, ha, watch the uber rich leftists squeal over this one. She is just saying this to get attention. She has no intention of going after her rich buddies like Warren Buffett.
Not many billionaires on the Right, so this will hit the left wing billionaires.
You can bet that no one in Hollywood will pay a single dime of this
It sounds like such a small tax. is this a 2% per year tax?
Just in round numbers, and simple calculations, if you assess a 2% tax every year on wealth, over a 25 year period, aren’t you paying about 50% of the value of assets in tax? Which also gets into how if you own stocks or other investments, you may well be compelled to sell off assets to get the cash to pay the tax.
I wonder if they have thought this through.
Ugh, Squaw Grey Beaver no like-em big Chief too much wampum.
Sharpen tomahawk on stone......scalp-em big Chief buffalo skin wampum keeper.
Creeps like warren who got their wealth via fraud should be taxed at 100%.
This puts Nancy in her crosshairs. Nancy is worth more than that.
The look on the willing bystanders, priceless...
Liberalism is a mental disease.
How about anyone making less than $1mil not paying ANY tax and implementing the Warren tax scheme on anyone making over $1mil? This pussyfooting around is BS. The MiddleClass always takes it up the ass.
I hope she goes for it. Horrendous tax rate on assets, not income. Like the property tax on your house. Anyone or any corporation with >$50M in assets gets hit with XX% tax.
She and everyone who spoke up for it won’t survive the week. Remember what happened to Khashoggi? A slew of “unfortunate” and “inexplicable” accidents will occur.
Yeah, you go Girl. Ever hear of the term “unintended consequences”? You are about to get a personal education about that. You go after the money of billionaire globalists and you will find out.
Yep. It’s an unconstitutional taking. Plus the wealthy aren’t just going to sit there while the government takes their money. They will simply move to somewhere else with a more favorable tax climate.
This is an attempt to shake the money tree of the billionaires for campaign donations.
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