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Dems unveil ultra-millionaire tax on top 0.05%

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Comments

  • HHuskyHHusky Member Posts: 20,746
    Sledog said:

    HHusky said:

    alumni94 said:

    Why don't we go back to the fine idea of a flat tax and simplify (i.e. eliminate) much of the tax process? I would vote for this before a system that goes after successful people, what type of culture does that breed?







    A commie one is what is breeds.

    Nothing says chattel slavery like a progressive tax on multimillionaires.
    Nothnig says envious shitbag like wanting to live off the sweat of your neighbors brow,
    You must live in a ritzier neighborhood than I do. The proposed tax starts at fifty million dollars.
  • Fire_Marshall_BillFire_Marshall_Bill Member, Swaye's Wigwam Posts: 23,832 Founders Club
    My heart bleeds for the Billy Idol rich
  • SFGbobSFGbob Member Posts: 32,123
    Sledog said:

    HHusky said:

    alumni94 said:

    Why don't we go back to the fine idea of a flat tax and simplify (i.e. eliminate) much of the tax process? I would vote for this before a system that goes after successful people, what type of culture does that breed?







    A commie one is what is breeds.

    Nothing says chattel slavery like a progressive tax on multimillionaires.
    Nothnig says envious shitbag like wanting to live off the sweat of your neighbors brow,
    Dazzler feels he has an entitlement to the labor of others. Rat party members really haven't changed all that much from their antebellum brethren.
  • HHuskyHHusky Member Posts: 20,746
    edited March 2021
    SFGbob said:

    Sledog said:

    HHusky said:

    alumni94 said:

    Why don't we go back to the fine idea of a flat tax and simplify (i.e. eliminate) much of the tax process? I would vote for this before a system that goes after successful people, what type of culture does that breed?







    A commie one is what is breeds.

    Nothing says chattel slavery like a progressive tax on multimillionaires.
    Nothnig says envious shitbag like wanting to live off the sweat of your neighbors brow,
    Dazzler feels he has an entitlement to the labor of others. Rat party members really haven't changed all that much from their antebellum brethren.
    A 2% tax on vast fortunes is just like chattel slavery. I already conceded that.
  • SFGbobSFGbob Member Posts: 32,123
    HHusky said:


    SFGbob said:

    Sledog said:

    HHusky said:

    alumni94 said:

    Why don't we go back to the fine idea of a flat tax and simplify (i.e. eliminate) much of the tax process? I would vote for this before a system that goes after successful people, what type of culture does that breed?







    A commie one is what is breeds.

    Nothing says chattel slavery like a progressive tax on multimillionaires.
    Nothnig says envious shitbag like wanting to live off the sweat of your neighbors brow,
    Dazzler feels he has an entitlement to the labor of others. Rat party members really haven't changed all that much from their antebellum brethren.
    A 2% tax on vast fortunes is just like chattel slavery. I already conceded that.
    A feeling of entitlement to the labor of others doesn't require a certain percentage Dazzler.
  • HHuskyHHusky Member Posts: 20,746
    They weren’t going to pay me directly, blob. I’ll still be a payer too.
  • greenbloodgreenblood Member Posts: 14,404
    edited March 2021
    HHusky said:

    Sledog said:

    How does the constitution allow disparate treatment because you make more money? Asking for a friend.

    Your $50,000,001 gets taxed at the same rate as my $50,000,001. Equal treatment.
    Out of principle, I think it's bullshit to tax money that has already been taxed. But that's another discussion.

    Either way, you know the ultra wealthy will just transfer their hard assets, right? Money can be sent to overseas accounts, and physical property can be transferred within family, or to trusts. They already have a plan.

    https://www.fa-mag.com/news/how-to-protect-client-assets-from-a-wealth-tax-53392.html#:~:text=Meanwhile, a charitable remainder trust,wealth tax, according to Aucamp.

    Then once the government realizes they are running short on the funds they want, they'll progressively move the needle down until they can get the revenue they are wanting. Rich stay rich for a reason. They are either smarter or hire smarter people than we? are.
  • SFGbobSFGbob Member Posts: 32,123
    HHusky said:

    They weren’t going to pay me directly, blob. I’ll still be a payer too.

    Dazzler whatever happened to your fiscally responsible alternative standard?
  • LebamDawgLebamDawg Member Posts: 8,711 Standard Supporter

    HHusky said:

    Sledog said:

    How does the constitution allow disparate treatment because you make more money? Asking for a friend.

    Your $50,000,001 gets taxed at the same rate as my $50,000,001. Equal treatment.
    Out of principle, I think it's bullshit to tax money that has already been taxed. But that's another discussion.

    Either way, you know the ultra wealthy will just transfer their hard assets, right? Money can be sent to overseas accounts, and physical property can be transferred within family, or to trusts. They already have a plan.

    https://www.fa-mag.com/news/how-to-protect-client-assets-from-a-wealth-tax-53392.html#:~:text=Meanwhile, a charitable remainder trust,wealth tax, according to Aucamp.

    Then once the government realizes they are running short on the funds they want, they'll progressively move the needle down until they can get the revenue they are wanting. Rich stay rich for a reason. They are either smarter or hire smarter people than we? are.
    plagiarize my shit, fucko - albeit in more elaborate language


  • HHuskyHHusky Member Posts: 20,746
    edited March 2021

    HHusky said:

    Sledog said:

    How does the constitution allow disparate treatment because you make more money? Asking for a friend.

    Your $50,000,001 gets taxed at the same rate as my $50,000,001. Equal treatment.
    Out of principle, I think it's bullshit to tax money that has already been taxed. But that's another discussion.

    Either way, you know the ultra wealthy will just transfer their hard assets, right? Money can be sent to overseas accounts, and physical property can be transferred within family, or to trusts. They already have a plan.

    https://www.fa-mag.com/news/how-to-protect-client-assets-from-a-wealth-tax-53392.html#:~:text=Meanwhile, a charitable remainder trust,wealth tax, according to Aucamp.

    Then once the government realizes they are running short on the funds they want, they'll progressively move the needle down until they can get the revenue they are wanting. Rich stay rich for a reason. They are either smarter or hire smarter people than we? are.
    The appreciation on long held assets hasn't been taxed. Large fortunes primarily consist of appreciated assets. And tracking the flows in order to discover tax evasion wouldn't be insurmountable at all. Plus the prize would be large. (Why not add multimillion dollar penalties and interest to the 2% assessment, right?)

    All that said, this won't get enacted anytime soon. It could be useful, however, as a vehicle for looking at the tax code and how it favors the establishment of a permanent upper class and an oligarchy.

  • TurdBomberTurdBomber Member Posts: 19,955 Standard Supporter
    They'll pass the Super Duper Big Meanie Gazillionaire Tax and run in the midterms on it.

    And nobody will ever pay it. And the Dems could care less. They just want the votes.
  • BendintheriverBendintheriver Member Posts: 5,994 Standard Supporter
    HHusky said:

    alumni94 said:

    Why don't we go back to the fine idea of a flat tax and simplify (i.e. eliminate) much of the tax process? I would vote for this before a system that goes after successful people, what type of culture does that breed?

    A commie one is what is breeds.

    Nothing says chattel slavery like a progressive tax on multimillionaires.
    "Progressive tax"? There is no such thing. All taxes create a negative reaction. The "little people" will pay the bill at the end of the day.

    Your comment is typical rat bullshit.
  • thechatchthechatch Member Posts: 6,228
    20% flat tax for any person/corp over 50k

    No loopholes.
    No Corp deductions.

    Deal?
  • HHuskyHHusky Member Posts: 20,746
    thechatch said:

    20% flat tax for any person/corp over 50k

    No loopholes.
    No Corp deductions.

    Deal?

    Absolutely terrible idea.
  • alumni94alumni94 Member Posts: 4,858
    thechatch said:

    20% flat tax for any person/corp over 50k

    No loopholes.
    No Corp deductions.

    Deal?

    Too high, 8%
  • HHuskyHHusky Member Posts: 20,746

    HHusky said:

    alumni94 said:

    Why don't we go back to the fine idea of a flat tax and simplify (i.e. eliminate) much of the tax process? I would vote for this before a system that goes after successful people, what type of culture does that breed?

    A commie one is what is breeds.

    Nothing says chattel slavery like a progressive tax on multimillionaires.
    "Progressive tax"? There is no such thing. All taxes create a negative reaction. The "little people" will pay the bill at the end of the day.

    Your comment is typical rat bullshit.
    Of course. We all remember the postwar hellscape of the mid 20th Century.
  • SFGbobSFGbob Member Posts: 32,123
    edited March 2021
    HHusky said:

    HHusky said:

    alumni94 said:

    Why don't we go back to the fine idea of a flat tax and simplify (i.e. eliminate) much of the tax process? I would vote for this before a system that goes after successful people, what type of culture does that breed?

    A commie one is what is breeds.

    Nothing says chattel slavery like a progressive tax on multimillionaires.
    "Progressive tax"? There is no such thing. All taxes create a negative reaction. The "little people" will pay the bill at the end of the day.

    Your comment is typical rat bullshit.
    Of course. We all remember the postwar hellscape of the mid 20th Century.
    You mean when we had a 90% income tax rate that few if any people paid?
  • SledogSledog Member Posts: 33,774 Standard Supporter
    Lawyers should pay a 90% flat rate.
  • SFGbobSFGbob Member Posts: 32,123
    edited March 2021
    Sledog said:

    Lawyers should pay a 90% flat rate.

    I'd be in favor of a 100% tax on phony conservatives who claimed Mike Brown was shot in the back while running away.
  • HHuskyHHusky Member Posts: 20,746
    Imagine my surprise that the usual suspects can't engage.
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