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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
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To: DCBryan1

The people in the $49 Million Dollar Club are all in.


21 posted on 01/24/2019 11:19:01 AM PST by Kickass Conservative (Democracy, two Wolves and one Sheep deciding what's for Dinner.)
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To: DCBryan1
....would raise $2.75 trillion over 10 years, Saez said.

No it won't. The wealthy will not sit idly by and have their wealth confiscated. They will get rid of the problem....................

22 posted on 01/24/2019 11:19:27 AM PST by Red Badger (We are headed for a Civil War. It won't be nice like the last one....................)
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To: DCBryan1

I was going to post “you commie pigs aren’t even trying to hide it anymore”. Then I read your post, yours is much better!


23 posted on 01/24/2019 11:19:41 AM PST by Kalamata (NEW! Pt 2: https://www.youtube.com/watch?v=aXF4ySJ7Xyc&list=PLrCQerz2L0If_VT4tw73RjhG5tBjdZfZy&index)
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To: DCBryan1

Envy, covetousness and theft. Sin strutting about as virtue. And all too many Christians will get behind it.


24 posted on 01/24/2019 11:19:48 AM PST by all the best
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To: DCBryan1

And the rich will have to raise consumer prices and lay off a number of workers to make up the difference.


25 posted on 01/24/2019 11:20:00 AM PST by Starstruck (I'm usually sarcastic. Deal with it.)
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To: DCBryan1

Nothing more than disguised communism.


26 posted on 01/24/2019 11:20:03 AM PST by I want the USA back (Lying Media: willing and eager allies of the hate-America left.)
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To: DCBryan1

Typical Dem maneuver. Propose a damaging policy then wait for the campaign contributions to come rolling in as sort of a indulgences. It fades until the next wave.


27 posted on 01/24/2019 11:20:25 AM PST by griswold3 (Just another unlicensed nonconformist in a dangerous Liberal world.)
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To: DCBryan1

Democracy, as today’s democrats see it, is two wolves and a lamb voting on what to have for lunch. However, even if the poorest 51% votes to redistribute everything from the wealthiest 49% and they get legal backing for their armed robbery, it’s still stealing, and it’s still immoral. I will be cheering for the (armed) victims to defend themselves successfully.


28 posted on 01/24/2019 11:21:08 AM PST by Pollster1 ("Governments derive their just powers from the consent of the governed")
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To: DCBryan1

First, it was Gavin Newsom and Bill de Blasio trying to out-promise each other.

Now, Old Paleface Lizzy jumps into the game.


29 posted on 01/24/2019 11:21:29 AM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: Sarah Barracuda

She should.


30 posted on 01/24/2019 11:21:49 AM PST by EdnaMode
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To: DCBryan1

“The wealth tax is projected to apply to less than 0.1 percent of U.S. households, and would raise $2.75 trillion over 10 years, Saez said.”

It won’t raise 10% of that, these taxes never amount to anything but stifling the economy.


31 posted on 01/24/2019 11:21:52 AM PST by outpostinmass2
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To: DCBryan1

Start with Silicone Valley...and end there.


32 posted on 01/24/2019 11:21:58 AM PST by Cowboy Bob ("Other People's Money" = The life blood of Liberalism)
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To: Army Air Corps

I don’t know if I would call this a “tax”, more like forced confiscation of property.


33 posted on 01/24/2019 11:22:35 AM PST by jaydubya2
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To: DCBryan1

What loopholes is she purposing for her crony multi-millionaires in Congress?

Or will it be another one of those bills that is to big and in to big of a hurry to be read before being voted on?


34 posted on 01/24/2019 11:23:05 AM PST by fella ("As it was before Noah so shall it be again,")
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To: FlingWingFlyer

I was thinking what would happen to Hollywood and the fake media if the Socialists and Muzzies took over. Although I would hate to see what would happen to the rest of the country but to see the fake media and Hollywood in concentration camps would be a game changer.


35 posted on 01/24/2019 11:23:56 AM PST by seawolf101 (Member LES DEPLORABLES)
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To: Kickass Conservative
The people in the $49 Million Dollar Club are all in.

Until a Democrat majority drops the $50mm limit to $5mm "for great justice"!

36 posted on 01/24/2019 11:24:00 AM PST by DCBryan1 (Quit calling them liberals, progs, socialists, or democrats. Call them what they are: COMMUNISTS!!!!)
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To: DCBryan1

Last person eaten by the Crocodile Syndrome.


37 posted on 01/24/2019 11:24:46 AM PST by Kickass Conservative (Democracy, two Wolves and one Sheep deciding what's for Dinner.)
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To: DCBryan1

HOW TO MAKE A LOT OF MONEY

1. Declare that you are a Democrat candidate for President.
2. Promise all kinds of unrealistic free shirt for Democrat voters.
3. Stuff your pants full of cash from stupid Democrat voters.
4. But $12 worth of confetti and balloons and lose.
5. Get that condo in Kauai!


38 posted on 01/24/2019 11:25:11 AM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: EdnaMode

Chief Lying Bull wont..remember, rich Commies dont consider themselves rich


39 posted on 01/24/2019 11:25:43 AM PST by Sarah Barracuda
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To: Army Air Corps

More like the tax won’t end the uber-wealthy being uber-wealthy.


40 posted on 01/24/2019 11:26:14 AM PST by Morpheus2009
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