The wealthy will have ways to get around it, and as always the end result will be the middle class getting soaked.
Like estate tax, but before you die
stimulus plan
riprelations
minimum income payments
“Did not Fauxahontas float this around last year. The Constitution does not grant the Federal government the right to tax wealth or property.”
That really doesn’t matter anymore.
I don’t believe it. They won’t actually take the wealth of the billionaire class because they’re the ones funding the Woke agenda.
Bye bye investment $.
Why do the RATs not understand that people that wealthy can just leave?
The IRS income tax originally was a tiny tax on only the most wealthy.
We need a flat tax, period. And it should be a sales tax only charged when a human being (not a company) buys something.
Of course, it will never happen, partly because it would leave us with a 90% sales tax for the Fedgov to make the same tax they do now. :)
I’m just doing all I can to starve the beast.
Sure, the wealth tax starts at $50 million and then it’s $40 million and then $20 million and then we are all paying the wealth tax.
All Americans over $50 million - so Democrats?
Just end the carried interest loophole that the finance a-holes use to pay a lower tax percentage than janitors.
I had pleasantly forgotten about Princess Gray Beaver until today.
$1.9tn stimulus plan with 550 billion going to state and local governments aka pay backs democrats at work.
In that party everybody gets a slice of the cake higher taxes ensue.
A wealth tax? I’m for removing the wealth from rich liberals, every last dollar. This won’t get it done, but perhaps another way?
And if you watch carefully you will be able to watch the plane loads of money, jewels, and other assets flying out of the country to be buried overseas.
Remember the guy who thought Guam was going to tip over? He will wonder what caused the Cayman Islands to sink.
Not to worry. We are all on the menu. Start with fifty million, then increment downwards.
Years ago Hillary wanted to assess "imputed income" for rent not paid by people who had paid off their mortgages and owned their houses outright.
That one will come back, sooner rather than later.
Great way to send capital to the exits. And corporations.
LOL, that's a good one :)
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.