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Elizabeth Warren proposes 'wealth tax' on Americans with more than $50 million in assets

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Comments

  • RoadTripRoadTrip Member, Swaye's Wigwam Posts: 7,727 Founders Club

    It's always entertaining to see a bunch of thousandaire boot lickers preparing for the day when they too will be rich

    Taking other people's hard earned money will never make your pissant life any better.
  • RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 105,459 Founders Club

    It's always entertaining to see a bunch of thousandaire boot lickers preparing for the day when they too will be rich


    Sorry that you're poor with no prospects. The politics of envy are for you

    Any democrat here with the balls to step out of line and say how bad this idea is?
  • MariotaTheGawdMariotaTheGawd Member Posts: 1,441

    It's always entertaining to see a bunch of thousandaire boot lickers preparing for the day when they too will be rich

    Taking other people's hard earned money will never make your pissant life any better.
    hard earned :D:D:D

    you people would have made great commissars
  • RaceBannonRaceBannon Member, Swaye's Wigwam Posts: 105,459 Founders Club

    It's always entertaining to see a bunch of thousandaire boot lickers preparing for the day when they too will be rich

    Taking other people's hard earned money will never make your pissant life any better.
    hard earned :D:D:D

    you people would have made great commissars
    Did your welfare checks come during the shut down?
  • MariotaTheGawdMariotaTheGawd Member Posts: 1,441
    MisterEm said:

    It's always entertaining to see a bunch of thousandaire boot lickers preparing for the day when they too will be rich

    Taking other people's hard earned money will never make your pissant life any better.
    hard earned :D:D:D

    you people would have made great commissars
    The tolerant left.
    :D:D:D go cry about it in a chain email, bitch
  • WestlinnDuckWestlinnDuck Member Posts: 15,207 Standard Supporter
    The federal estate tax is Constitutional. It's a wealth tax. No way the Supremes vote down a wealth tax. Food stamps are unconstitutional if you actually read the Constitution. That hasn't slowed down the feds.
  • MisterEmMisterEm Member Posts: 6,685

    MisterEm said:

    It's always entertaining to see a bunch of thousandaire boot lickers preparing for the day when they too will be rich

    Taking other people's hard earned money will never make your pissant life any better.
    hard earned :D:D:D

    you people would have made great commissars
    The tolerant left.
    :D:D:D go cry about it in a chain email, bitch
    Pleased to be making my point, again.

    I'll leave the chain emails to your righteous socialist party.

    Carry on, cuck.
  • MikeDamoneMikeDamone Member Posts: 37,781
    edited January 2019

    The federal estate tax is Constitutional. It's a wealth tax. No way the Supremes vote down a wealth tax. Food stamps are unconstitutional if you actually read the Constitution. That hasn't slowed down the feds.


    You are incorrect. The estate tax is an excise tax on the transfer of wealth. Not on the wealth itself. Warren’s tax proposal on wealth unconstitutional. Simple fact.
  • SledogSledog Member Posts: 33,655 Standard Supporter
    2001400ex said:

    You mean the Indian?

    How do you get 3 trillion dollars from 0.1% of the country?

    I'll take my answer off the air

    You confiscate their wealth.
    Said the communist!
  • YellowSnowYellowSnow Moderator, Swaye's Wigwam Posts: 35,347 Founders Club

    Wealth tax is a horrible idea. If you want to kill small business in the US this is a great place to start. The estate tax is a wealth tax and only administered generally after the last surviving spouse dies. That’s once in two lifetimes. Anyone associated with large estates realizes that valuing a large estate which includes partnerships, LLCs and non-publicly traded corporations is a nightmare for both the estate and the IRS. The cash and publicly traded securities are easy to value. Real estate alone is hard to value. Try hundreds of parcels of real estate owned by a variety of partnerships, LLCs and corporations. Then try to value a minority interest in a successful small business family owned corporation.

    Then try an annual wealth tax where all this would need to be done annually instead of once in two lifetimes. It’s almost like leftards hate private sector US employment of US citizens. What we are seeing is the complete failure of the US public education system. That is if you define failure as complete lack of knowledge of math, science, history and economics. If you define failure as not creating an educated independent freedom loving citizenry – then we have a smashing success on our hands.

    It’s also unconstitutional. So there is that.
    People forget that income taxes used to be unconstitutional too.
  • SFGbobSFGbob Member Posts: 32,072

    Wealth tax is a horrible idea. If you want to kill small business in the US this is a great place to start. The estate tax is a wealth tax and only administered generally after the last surviving spouse dies. That’s once in two lifetimes. Anyone associated with large estates realizes that valuing a large estate which includes partnerships, LLCs and non-publicly traded corporations is a nightmare for both the estate and the IRS. The cash and publicly traded securities are easy to value. Real estate alone is hard to value. Try hundreds of parcels of real estate owned by a variety of partnerships, LLCs and corporations. Then try to value a minority interest in a successful small business family owned corporation.

    Then try an annual wealth tax where all this would need to be done annually instead of once in two lifetimes. It’s almost like leftards hate private sector US employment of US citizens. What we are seeing is the complete failure of the US public education system. That is if you define failure as complete lack of knowledge of math, science, history and economics. If you define failure as not creating an educated independent freedom loving citizenry – then we have a smashing success on our hands.

    It’s also unconstitutional. So there is that.
    People forget that income taxes used to be unconstitutional too.
    If Liz wants to propose that we Amend the Constitution prior to enacting her plan let her knock herself out. But I didn't hear any call from her to do that.
  • WestlinnDuckWestlinnDuck Member Posts: 15,207 Standard Supporter
    The wealth tax is an excise tax on wealth. I agree it's not Constitutional. But my point stands.
  • Fenderbender123Fenderbender123 Member Posts: 2,978
    I love how creative politicians have to be when they're trying to take more money from people. If they would actually spend tax dollars on shit we wanted, or on shit that's actually necessary to maintain a healthy, civilized society, there wouldn't even be a need for taxes. People would just donate. Instead, they spend our money in the shittiest, most inefficient way possible, so they have to get creative and try to trick people into supporting tax increases by making us think "Yeah, fuck wealthy people. Those fuckers don't need all that wealth...it's just, like, sitting there totally unused, man. Those greedy, arrogant, unskilled, lazy, fat, racist good-for-nothing rich people only got rich by making me poor anyway. So let's tax the fuck out of them. Sure, that won't improve my standard of living because the government sure as fuck isn't going to make my life any better with that money. But that's not important. What's important is that I can sit here and feel good about all those wealthy people getting fucked over. Fuck yeah!"
  • Fenderbender123Fenderbender123 Member Posts: 2,978

    I love how creative politicians have to be when they're trying to take more money from people. If they would actually spend tax dollars on shit we wanted, or on shit that's actually necessary to maintain a healthy, civilized society, there wouldn't even be a need for taxes. People would just donate. Instead, they spend our money in the shittiest, most inefficient way possible, so they have to get creative and try to trick people into supporting tax increases by making us think "Yeah, fuck wealthy people. Those fuckers don't need all that wealth...it's just, like, sitting there totally unused, man. Those greedy, arrogant, unskilled, lazy, fat, racist good-for-nothing rich people only got rich by making me poor anyway. So let's tax the fuck out of them. Sure, that won't improve my standard of living because the government sure as fuck isn't going to make my life any better with that money. But that's not important. What's important is that I can sit here and feel good about all those wealthy people getting fucked over. Fuck yeah!"

    It's 4am, I haven't slept, and I just spent over an hour typing this post. That's how I know I did too many drugs last night.
  • allpurpleallgoldallpurpleallgold Member Posts: 8,771

    I love how creative politicians have to be when they're trying to take more money from people. If they would actually spend tax dollars on shit we wanted, or on shit that's actually necessary to maintain a healthy, civilized society, there wouldn't even be a need for taxes. People would just donate. Instead, they spend our money in the shittiest, most inefficient way possible, so they have to get creative and try to trick people into supporting tax increases by making us think "Yeah, fuck wealthy people. Those fuckers don't need all that wealth...it's just, like, sitting there totally unused, man. Those greedy, arrogant, unskilled, lazy, fat, racist good-for-nothing rich people only got rich by making me poor anyway. So let's tax the fuck out of them. Sure, that won't improve my standard of living because the government sure as fuck isn't going to make my life any better with that money. But that's not important. What's important is that I can sit here and feel good about all those wealthy people getting fucked over. Fuck yeah!"

    Start voting for people that will make people’s lives better. I always see this shit about “the government”. The government is made up of people. Elect better people and you’ll get better results.

    The republicans deserve a lot of credit for electing Trump. He’s not the guy but they took their shot to get away from scumbag politicians. More than I can say for a shit load of democrats that won’t even take a shot.
  • PurpleThrobberPurpleThrobber Member Posts: 43,970 Standard Supporter

    I love how creative politicians have to be when they're trying to take more money from people. If they would actually spend tax dollars on shit we wanted, or on shit that's actually necessary to maintain a healthy, civilized society, there wouldn't even be a need for taxes. People would just donate. Instead, they spend our money in the shittiest, most inefficient way possible, so they have to get creative and try to trick people into supporting tax increases by making us think "Yeah, fuck wealthy people. Those fuckers don't need all that wealth...it's just, like, sitting there totally unused, man. Those greedy, arrogant, unskilled, lazy, fat, racist good-for-nothing rich people only got rich by making me poor anyway. So let's tax the fuck out of them. Sure, that won't improve my standard of living because the government sure as fuck isn't going to make my life any better with that money. But that's not important. What's important is that I can sit here and feel good about all those wealthy people getting fucked over. Fuck yeah!"

    Start voting for people that will make people’s lives better. I always see this shit about “the government”. The government is made up of people. Elect better people and you’ll get better results.

    The republicans deserve a lot of credit for electing Trump. He’s not the guy but they took their shot to get away from scumbag politicians. More than I can say for a shit load of democrats that won’t even take a shot.
    Put in fucking term limits as a cross-check to force the bad people out if the electors lose their fucking minds.



  • 2001400ex2001400ex Member Posts: 29,457

    I love how creative politicians have to be when they're trying to take more money from people. If they would actually spend tax dollars on shit we wanted, or on shit that's actually necessary to maintain a healthy, civilized society, there wouldn't even be a need for taxes. People would just donate. Instead, they spend our money in the shittiest, most inefficient way possible, so they have to get creative and try to trick people into supporting tax increases by making us think "Yeah, fuck wealthy people. Those fuckers don't need all that wealth...it's just, like, sitting there totally unused, man. Those greedy, arrogant, unskilled, lazy, fat, racist good-for-nothing rich people only got rich by making me poor anyway. So let's tax the fuck out of them. Sure, that won't improve my standard of living because the government sure as fuck isn't going to make my life any better with that money. But that's not important. What's important is that I can sit here and feel good about all those wealthy people getting fucked over. Fuck yeah!"

    Start voting for people that will make people’s lives better. I always see this shit about “the government”. The government is made up of people. Elect better people and you’ll get better results.

    The republicans deserve a lot of credit for electing Trump. He’s not the guy but they took their shot to get away from scumbag politicians. More than I can say for a shit load of democrats that won’t even take a shot.
    Put in fucking term limits as a cross-check to force the bad people out if the electors lose their fucking minds.



    But then how will Congress get their lifetime pension?
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