Posted on 09/23/2019 8:38:46 AM PDT by Enlightened1
What a loon!
The fake Pocahontas that Democrats love is now trying to destroy families, and discourage people from being married.
Said it before, but the introduction of a wealth tax will mirror the implementation of the income tax. The propaganda on the income tax was that it would only apply to the most wealthy, and see what it has become. A wealth tax will inveitibly end up the same.
Once started, the Rats and RINOs will not be able to stop themselves from spending and taxing. Give it 10 years and it will be a wealth tax applied to everyone with more than 50k in total net worth. And, just think about the costs associated with determining the total net worth of each filer.
A tax on wealth would be unconstitutional as it is a seizure without compensation.
Unfortunately, we are far past constitutional...
I’d rather impose a 2% tax on the body weight of these DNC types: could remove the brain, they’d never miss it.
In case you never noticed, US tax policy is to tax INCOME not WEALTH.
Even 19th century “progressives” were opposed to governance by constitutional means, FDR kicked the Constitution to the curb, LBJ murdered his way through politics ... the current makes them look honorable and decent.
Wealthy people will simply move all their assets out of the country.
Take all the Money the Rich have and use it to pay off the National Debt.
What’s that, all that Money would hardly make a dent in the National Debt?
Say it ain’t so.
This is all I teach my kids for now the Democrats want to take all of your money and the Republicans want to give it back to you
I'm sure there's a penumbra somewhere that permits it.
NOTICE! This is not a tax on income! It’s a tax on accumulated money. This is important.
Europe has this. They take a percentage of what you have in the bank. The average joe idiot is going to think it’s just a high tax rate. No. It’s confiscation of money in the bank.
The only justification would be a Kelo taking for "public good" instead of the constitutional "public use" in the 5th amendment, which is how municipalities took private property to give to other private entities that would generate more local taxes for the property.
However, that was an eminent domain case, and it would be a stretch for the government to claim eminent domain over one's bank account as a property taking.
-PJ
You are correct. It is tax-the-rich sound bite for the poor inner city vote that would eventually lead to much higher taxes on the middle class.
There are about 84,000 families in the US worth more than $50 million. If you taxed them all another 1 to 2, or 3 million dollars it hardly put a small dent in the national debt.
She should stick to tribal dancing and avoid any economic discussions:
https://www.youtube.com/watch?v=I7FyyVwYEds
This is all I teach my kids for now the Democrats want to take all of your money and the Republicans want to give it back to you
If she is the nominee this cannot be let go. Press this policy because it’s quite immoral. I heard her say she wants to follow the wealth anywhere in the world... Seriously, a gang or IRS employees who are following rich people and their assets anywhere in the world so they can get their 3% yearly cut? The wealth theoretically shrinks each year because you took a chunk last year ( from the same pie). This is wrong on so many levels. I really hope that’s not where the country is
Don’t forget the Fed is printing money into oblivion.
Thus, there is an average 2% depreciation a year. So add her new tax starting at 2%, then you really need 5% annual increase to move up 1%.
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