smelly beaver might want to check wi Paloser and Fineswine first...
Posted on 03/01/2021 12:09:16 PM PST by C19fan
Because DemoNazis are incapable of dynamic reasoning. Everything they do, they do without a thought in the world about the consequences or repercussions.
Exactly. The real left has wealth. They don't need income. So as long as the only taxes under consideration are income taxes they are in the pro-tax party. We need that party to become the income and wealth tax party so all those private jet liberals wake up and smell the confiscatory coffee.
We know that liberals want to tax "the wealthy" but someone or some group has steered them away from taxing wealth toward taxing income as a proxy for wealth. When was the last time you heard a liberal say "the high earners are not paying their fair share of their earnings." No. They say "the rich aren't paying their fair share. we need to raise taxes on the rich."
Either give Elizabeth Warren credit for not falling for the bait and switch, or blame for not realizing that the whole "tax the rich" thing was just a ploy by the owner class like Warren Buffet to kneecap the potential competition.
I notice when she talks about rich people she always mentions those worth more than $10 million.. her purported net worth.
“The wealthy will have ways to get around it, and as always the end result will be the middle class getting soaked.”
The wealthy have already figured out how to get around it.
When Biden was elected you could almost here the wooshing sound of money leaving our country for off shore secure and very private/confidential accounts and investments.
That money will stay gone for generations if need be and there is nothing that those on the left who feel entitled to other peoples money can do about it.
The fake squaw needs to sit on it and spin.
FauxSquaw is so stupid that she thinks that everyone with money just has to live in the USA. Nope. They can ship their money offshore and continue to live here or they can just move with their money and still have great lives.
Those with that kind of wealth did not make it and manage to keep it because they were or are as stupid as she is.
“The wealthy will have ways to get around it, and as always the end result will be the middle class getting soaked.”
The main way to get around this is to make contributions to Radical groups and the democrats from wealthy individuals who don’t usually support such groups. This was probably the real goal from the start. Very wealthy people who usually support such groups are very likely behind this attempt to extract money from others.
What’s a “Constitution?”
/s
It’s one of the problems that come from having too many idle rich, and Trust Fund kids, who have no concept of how that wealth they inherited was earned.
smelly beaver might want to check wi Paloser and Fineswine first...
I consider it karma for all the DOW 30 lords of finance who supported the removal of Trump for Biden. Where were they fighting for conservatism?
According to Justice Roberts, if you call it a tax, you can do anything you want, including presumably a “wealth tax.” I mean who would have guessed, that the Constitution allows the government to coerce you into buying a product you neither want nor need, and to punish you for failure to obey.
Completely unconstitutional. The (then new) income tax required a constitutional amendment.
Not to mention impractical with a diminishing rate of return per year if you just take 2% of someone's wealth. "Wealth" is also not cash assets in many cases.
What is really needed is a HFT tax on the hedgies who trade in and out of a position. They work to destroy the small investor. A HFT tax should be on any trades that purchased and exited within a 30 day period of time.
Most HFT trading is just in / out /in/ out over and over again. Charge $.01 or $.02 per share tax collected will be able to reduce the deficit.
HFT = High Frequency Trading.
What’s this constitution thing everybody keeps mentioning./s/
This.
2% to start.
It will go up!
You beat me to it.😏
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