A 14% wealth tax would lead to the liquidation of many businesses in order to pay the tax to the IRS. It would be horrific for the economy. At least death taxes don’t always lead to liquidation as the assets can be placed into a family trust.
But I do applaud Trump for wanting to repeal the death tax. I am sure, however, that there are many GOP candidates who also want to repeal the death tax and not impose a crippling wealth tax at the same time. Perhaps we could choose one of those candidates.
I honestly don't know where Trump stands on taxes now but I am willing to give him a listen.
Right on! This will help win the White House for sure!
Our number one issue should be protecting Zuckerberg’s $30 billion! Nobody in corporate america is getting raises and bonuses, and our concern needs to be protecting the billionaires!!!