This will not happen, because the people who actually run things do not want it to happen.
This will not happen, because the people who actually run things do not want it to happen.
Many of those “Rich” people are dems and contributed to campaigns for politicians who want to take and spend YOUR money.
Hey all you rich dem backers, hope they spend YOUR money well.
“a ‘Patriot Tax’ on Multimillionaires”
I’m fine with that, considering the way most of these people are behaving. Only gripe is that it should be called a “Traitor Tax”.
I just found out that almost all parents will soon receive monthly checks for their children. This was a part of the stimulus bill. Guaranteed income. Don’t remember anybody fighting this.
Who is going to pay for this? Where on earth is the money supposed to come from?
This is how communism works. Take from one, give to another, until everyone is broke. It kills incentive to work.
Nothing patriotic about and it won’t be “one time”.
I have an idea. Forget millionaires. Let’s have a patriots tax on the wealth on members of congress. We’ll even let the Dem members tax fund be used exclusively for reparations for their favorite identity group. Republican members will fund more aircraft carriers or building more prisons for the felons who vote for Dems
Take all of Gates, Bezos, Soros, and that Twitter guy’s money and you will won’t be able to fund Biden’s wish list.
“The tax would be a “one-time surcharge of 2.5 percent on wealth between $50 million and $100 million and a 5 percent tax on wealth above $100 million.””
The money has already been taxed so they want to tax it again at 5% and then enact an additional “one-time” tax yet again called a surtax.
Something tells there is no such thing as a one-time tax with these people.
One time my ahz.🙄
Hey democrats, pay attention now:
ALL taxes are bad, ALWAYS!
When you are out of money, it’s time to quit spending.
I support one, and only one, tax increase. Here is a free “Corrupt Gains Tax” form the IRS can adopt:
Line 1: If you are or were a US Senator or Congressperson on any day during the Tax Year, enter your family Net Worth at the beginning of the Tax Year.
Line 2: For those required to enter anything on Line 1, enter your family Net Worth at the end of the Tax Year.
Line 3: Subtract Line 1 from Line 2.
Line 4: Multiply Line 3 by 100%. Enter this amount on Line 666, “Corrupt Gains Tax”.
The devil is in the details. Most wealth is not held in cash or cash equivalents. That means that a fair implementation will require investment value to be determined by “mark to market” — which is something Democrats have been wanting in order to raise more tax revenue in the short term. The top of the slippery slope...