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.
Occasional Cortex wants a 70% income tax on the highest income earners. The thing about that is most who are in that bracket would hid the income using various ways to avoid the taxes anyway.
So now the less than 1/1,000th possible central American Indian proposes a wealth tax...which would be a little more difficult to by-pass.
Now, who is going to come out with an even more destructive to jobs and the economy "tax plan" further to the communist left than a wealth tax and what would it look like? Property confiscation perhaps.
Would this not require a constitutional amendment? The XVIth only allows tax on income. Wealth is not mentioned.
maybe its time for a move on their neighborhoods
Like many have predicted, the dems will go far far left in order to one up the others running for Prez
Fauxkahantas needs to go further “left” than AOC
The others will join in I’m sure
yup, the more the merrier - we know how well tax hikes play at the box office.
of course we knew this was coming. Every financial advisor looks at me puzzled when i ask how they would protect my assets from US confiscation. Apparently they do not read the papers to understand what happened in Cyprus, Germany, etc. US financial institutions cannot be trusted to protect your money from confiscation by President Warren