Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Elizabeth Warren to propose 'wealth tax' on Americans with more than $50 million in assets [trunc]
CNBC ^ | 24 JAN 19 | Kevin Breuninger | Tucker Higgins

Posted on 01/24/2019 11:10:12 AM PST by DCBryan1

Sen. Elizabeth Warren, D-Mass., is planning to propose a "wealth tax" on some of the richest Americans, an economist who advises her told CNBC on Thursday.

The new tax from Warren, who recently announced her bid to challenge President Donald Trump in 2020, would only apply to Americans with more than $50 million in assets.

The Washington Post first reported the development.

Warren's proposal comes alongside other Democratic lawmakers' plans to raise taxes on the wealthiest Americans to pay for ambitious policy goals, including a "green new deal."

(Excerpt) Read more at cnbc.com ...


TOPICS: Breaking News; Business/Economy; Constitution/Conservatism; News/Current Events; US: Massachusetts
KEYWORDS: 2020; crockajawea; elizabethwarren; fauxahontas; liawatha; massachusetts; slingingbull; socialism; socialists; taxandspend; warren; warren2020
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-80 ... 161-163 next last
Just come out and try to take it all....just admit your a GD commie and lets just fight it out on the streets Liawatha!
1 posted on 01/24/2019 11:10:12 AM PST by DCBryan1
[ Post Reply | Private Reply | View Replies]

To: DCBryan1

Will she grabbing that dough from her OWN wallet..asking for a friend


2 posted on 01/24/2019 11:12:56 AM PST by Sarah Barracuda
[ Post Reply | Private Reply | To 1 | View Replies]

To: DCBryan1

Meanwhile, her wealth, and that of other Democrat leaders will be mysteriously exempt from such a tax.


3 posted on 01/24/2019 11:13:02 AM PST by Army Air Corps (Four Fried Chickens and a Coke)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DCBryan1

The democrats are going to be falling over each other to show who can out-do the other coming up with more and more outrageous plans to raise taxes - who proposes the most, wins the democratic nomination - and gets defeated in the GE.


4 posted on 01/24/2019 11:13:03 AM PST by qwerty1234
[ Post Reply | Private Reply | To 1 | View Replies]

To: DCBryan1
Lawyers and tax free muni brokers (like me) would make out like bandits. The "rich" (who give me gainful employment) would have lawyers gift the maximum (11mm per married couple) to their heirs...and then create foundations, charities, and trusts in order to keep the wealth they have honestly made, earned, and should keep.

Then they will call me and say they want tax free income, exempt from federal taxes.

This would be bad. VERY bad...and when it backfires, that $50mm will become $5mm, and then $500,000.00 until they just take it.

5 posted on 01/24/2019 11:13:16 AM PST by DCBryan1 (Quit calling them liberals, progs, socialists, or democrats. Call them what they are: COMMUNISTS!!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DCBryan1

Whew....I think I am safe!


6 posted on 01/24/2019 11:14:30 AM PST by entropy12 (One million LEGAL immigrants/year is too many, without vetting for skills, Wealth or English skills.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DCBryan1

Perhaps it is time to repeal the 16th Amendment.


7 posted on 01/24/2019 11:14:55 AM PST by Ruy Dias de Bivar
[ Post Reply | Private Reply | To 1 | View Replies]

To: DCBryan1

Whew! That was close, looks like I’ll come in just under the threshold. lol


8 posted on 01/24/2019 11:15:20 AM PST by V_TWIN
[ Post Reply | Private Reply | To 1 | View Replies]

To: DCBryan1

Wouldn’t it be nice to punch each and every snowflake in the face to get their attention about how corrupt Marxism and Socialism really are. I hope the snowflakes and millennials are enjoying themselves because the party train is about to come to a screeching halt once the Casios and Muzzies take full control.


9 posted on 01/24/2019 11:15:38 AM PST by FlingWingFlyer (#NotARussianBot)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DCBryan1

Wealth tax? Whoa!

I’d say the fake Indian is trying to out-commie the Commie from the Bronx. AOC proposed a 70% tax on income. But income isn’t the juiciest target. Warren knows what Marxism demands — grab the Wealth!!


10 posted on 01/24/2019 11:16:32 AM PST by ClearCase_guy (If White Privilege is real, why did Elizabeth Warren lie about being an Indian?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ruy Dias de Bivar

It’s time for a Convention of States...................


11 posted on 01/24/2019 11:16:41 AM PST by Red Badger (We are headed for a Civil War. It won't be nice like the last one....................)
[ Post Reply | Private Reply | To 7 | View Replies]

To: DCBryan1

Interesting. Create a law that targets “the rich” as a smokescreen but in application is directly targeted at the middle class.


12 posted on 01/24/2019 11:16:44 AM PST by HombreSecreto (The new Oldsmobiles are in early this year)
[ Post Reply | Private Reply | To 5 | View Replies]

To: DCBryan1

Funny who the Kennedys, for generations, avoid paying any estate taxes...


13 posted on 01/24/2019 11:16:54 AM PST by 2banana (Were you)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DCBryan1

I think she’s trying to play catch-up to Occasional-Cortex.


14 posted on 01/24/2019 11:16:54 AM PST by BBQToadRibs
[ Post Reply | Private Reply | To 1 | View Replies]

To: DCBryan1

Gee, does anyone believe that Bezos, Zuckerberg, Bill Gates, Steven Spielberg and all the other liberal billionaires will pay a dime of this tax?


15 posted on 01/24/2019 11:17:06 AM PST by The Great RJ ("Socialists are happy until they run out of other people's money." Margaret Thatcher)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DCBryan1

Redistribution from successful individuals to government parasites.


16 posted on 01/24/2019 11:17:40 AM PST by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.r)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DCBryan1

So she’s worth what...49 million?


17 posted on 01/24/2019 11:17:49 AM PST by albie
[ Post Reply | Private Reply | To 1 | View Replies]

To: DCBryan1

But ya know...most uber-rich in the business community have ended up being Left-leaning globalists. I’ll be honest, my sympathy for them is dwindling by the day. When I see it hitting Hollywood and the entertainment industry along with Google, Facebook, Amazon, and Gillette executives. It almost brings a smile to my face. As long as the money actually doesn’t get spent on Left-wing projects, I’m starting not to care. It think it would be hilarious to milk the affluent Left and spend it all on increased judicial appointments to handle immigration cases as well as a gigantic prison to house repeat offenders of our immigration laws. Ahhhh, I can dream, can’t I?


18 posted on 01/24/2019 11:18:03 AM PST by Bishop_Malachi (Liberal Socialism - A philosophy which advocates spreading a low standard of living equally.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: entropy12
Whew....I think I am safe!

Until amendments to the law by a majority socialists house/senate revises the number DOWN to $500,000.00 as "rich".

If you have 100k in a 401k, 50k in cars, 50k in furniture/jewelry/guns, etc, and 300k in house...you are now subject to 90% of it going to the .gov.

19 posted on 01/24/2019 11:18:25 AM PST by DCBryan1 (Quit calling them liberals, progs, socialists, or democrats. Call them what they are: COMMUNISTS!!!!)
[ Post Reply | Private Reply | To 6 | View Replies]

To: DCBryan1; All

Her Stretchness, aka the Botox Bitch is reportedly worth over $100 million.


20 posted on 01/24/2019 11:18:42 AM PST by Cobra64 (Common sense isnÂ’t common anymore.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-80 ... 161-163 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson