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Tax the rich? Liberals renew push for state wealth taxes
The Associated Press ^ | January 20, 2023 | By SUSAN HAIGH

Posted on 01/20/2023 1:56:26 PM PST by Oldeconomybuyer

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To: Taxman

Ping


21 posted on 01/20/2023 5:57:00 PM PST by Taxman (SAVE AMERICA! VOTE REPUBLICAN IN 2023 AND 2024!)
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To: hanamizu

It gets worse. Most rich people don’t have piles of cash stashed away like Scrooge McDuck. Their wealth is in assets. Tax those and they will have to liquidate, and who is going to buy them? The other rich will be doing the same thing so they can’t buy them. That leaves foreigners (Saudis and Chicoms) and the government. Plus no market will reduce the value of those assets.


22 posted on 01/20/2023 8:45:14 PM PST by rxh4n1
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To: Oldeconomybuyer
Progressive Democrats, however are lying, thieving, greedy, communist bastards and think all wealth belongs to Government Almighty, to be given to Progressive Democrats.
23 posted on 01/20/2023 8:52:51 PM PST by NorthMountain (... the right of the peopIe to keep and bear arms shall not be infringed)
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To: aMorePerfectUnion

This place is home to many pink socialists who pretend to be “conservatives”.


24 posted on 01/20/2023 8:53:49 PM PST by NorthMountain (... the right of the peopIe to keep and bear arms shall not be infringed)
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To: Oldeconomybuyer

When you tax something, you get less of it.


25 posted on 01/21/2023 7:49:16 AM PST by TBP (Decent people cannot fathom the amoral cruelty of the Biden regime.)
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