Posted on 01/30/2019 1:45:15 PM PST by John Semmens
Nervous that her presidential candidacy might not be sufficiently radical, Sen. Elizabeth Warren (D-Mass) sought to out bid rising Democratic star New York Rep. Alexandria Ocasio-Cortez’s proposed 70% income tax with her own 50% tax on total wealth.
“While her proposed 70% income tax is a worthy effort for a rookie member of congress, it overlooks the much larger stash of accumulated wealth just lying around for the taking,” Warren pointed out. “Immoral billionaires can always shift their income-earning activity outside the taxing jurisdiction. But their assets—homes, business facilities, heavy equipment and the like are less mobile and easier to confiscate.”
“Those more familiar with the history of progressive transformations carried out in Russia, China, Cuba see how effective those radical governments were by seizing control over the ‘geese that laid the golden eggs’ of capitalistic wealth creation. Under my proposal for example, the government would be immediately authorized to take half of Trump’s properties away from him. Given that Trump’s business is a global corporation it’s not inconceivable that the half we take could leave him homeless within the United States and force him to leave the country, if he’s not in jail after we get him out of the White House.”
The urgency of the Democrats’ quest to oust Trump was reemphasized by the continually falling rate of unemployment. This week the Department of Labor announced statistics showing that weekly jobless claims have fallen to their lowest mark since 1969—an event that Warren claims “makes it even more imperative that we hasten his departure by whatever means we can. Enacting my 50% tax can only accelerate this objective.”
if you missed any of this week's other semi-news/semi-satire posts you can find them at...
https://azconservative.org/2019/01/27/cnn-reporters-latest-delusions/
Is there room over there between AOC and the End Of the Universe ?
Alexandria Ocasio-Cortez:
“I think Senator Warren’s plan is a sound one. I am certainly open for compromise. Let’s do both.”
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