tax capital gains at the same rates of income from wages, enact the For the 99.8% Act, reform the corporate tax system and use money from the tax on the extremely wealthy.
The Vermont progressive's plans for College for All and removing student debt would be funded by a tax on Wall Street speculation, according to the list. Housing for All and universal childcare and pre-K would be funded by the wealth tax on the 0.1 percent, or those making more than $32 million.
Meaning weakening the country at a time of increasing military threats, and punishing the industry that has greatly helped the economy, and reducing taxable income while increasing taxes on those who pay the most taxes, thereby hurting the economy, weakening the rich to supposedly strengthen the poor, thereby reducing taxable income while increasing taxes on those who pay the most taxes, and thereby supposedly strengthen the poor by weakening the rich, and punishing financial profit, while fostering indolence and dependence upon the State.
Meaning punishing capitalism to slide towards state control of industry and communism.
A wealth tax is unconstitutional. It violates Article I, Section Nine, item 4.