Dems unveil ultra-millionaire tax on top 0.05%
Comments
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You must live in a ritzier neighborhood than I do. The proposed tax starts at fifty million dollars.Sledog said:
Nothnig says envious shitbag like wanting to live off the sweat of your neighbors brow,HHusky said:
Nothing says chattel slavery like a progressive tax on multimillionaires.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. -
My heart bleeds for the Billy Idol rich
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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.Sledog said:
Nothnig says envious shitbag like wanting to live off the sweat of your neighbors brow,HHusky said:
Nothing says chattel slavery like a progressive tax on multimillionaires.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. -
A 2% tax on vast fortunes is just like chattel slavery. I already conceded that.SFGbob said:
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.Sledog said:
Nothnig says envious shitbag like wanting to live off the sweat of your neighbors brow,HHusky said:
Nothing says chattel slavery like a progressive tax on multimillionaires.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. -
A feeling of entitlement to the labor of others doesn't require a certain percentage Dazzler.HHusky said:
A 2% tax on vast fortunes is just like chattel slavery. I already conceded that.SFGbob said:
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.Sledog said:
Nothnig says envious shitbag like wanting to live off the sweat of your neighbors brow,HHusky said:
Nothing says chattel slavery like a progressive tax on multimillionaires.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. -
They weren’t going to pay me directly, blob. I’ll still be a payer too.
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Out of principle, I think it's bullshit to tax money that has already been taxed. But that's another discussion.HHusky said:
Your $50,000,001 gets taxed at the same rate as my $50,000,001. Equal treatment.Sledog said:How does the constitution allow disparate treatment because you make more money? Asking for a friend.
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. -
Dazzler whatever happened to your fiscally responsible alternative standard?HHusky said:They weren’t going to pay me directly, blob. I’ll still be a payer too.
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plagiarize my shit, fucko - albeit in more elaborate languagegreenblood said:
Out of principle, I think it's bullshit to tax money that has already been taxed. But that's another discussion.HHusky said:
Your $50,000,001 gets taxed at the same rate as my $50,000,001. Equal treatment.Sledog said:How does the constitution allow disparate treatment because you make more money? Asking for a friend.
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.
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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?)greenblood said:
Out of principle, I think it's bullshit to tax money that has already been taxed. But that's another discussion.HHusky said:
Your $50,000,001 gets taxed at the same rate as my $50,000,001. Equal treatment.Sledog said:How does the constitution allow disparate treatment because you make more money? Asking for a friend.
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.
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.
