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

2001400ex said:

RaceBannon 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!

YellowSnow said:

MikeDamone said:

WestlinnDuck said:

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.

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!"

Fenderbender123 said:

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.