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It is outright theft. Even if the government makes it LEGAL.It's not outright theft. Our Constitution specifically empowers the Congress to levy and collect taxes, which means it isn't illegal for them to exercise that power. Since theft is by definition an illegal act, taxing people and companies is not theft.
But whether it's morally acceptable is another story, IMHO that's really up to us to decide as citizens and voters. That's one reason why we have elections, if the incumbents are doing something that we think is immoral or wrong, then we have the ability to vote them out of office. Or in some cases, remove them from office (impeachment).
So why does the United States Federal government not have a similar requirement that 49 of the 50 states have..i.e. balanced budgets?
So says Bernie Sanders...https://berniesanders.com/issues/tax-extreme-wealth/
He says ..."Will raise an estimated $4.35 trillion over the next decade"
That's $435 billion additional tax revenue per year.
Right now... if the top 1% of US households (164 million households) or 1.64 million earn
$1,700,000 per year and pay right now about 20% of all federal tax revenue.
BUT if Bernie and the majority of the ignorant people on this board have their way...
according to Bernie these "billionaires" will have "cut the wealth of billionaires in half over 15 years,"
Hmmm... so if Bernie has his way and cuts these evil billionaires wealth in half... how will Bernie pay for the next 15 years?
Remember he is counting on these "billionaires" to pay $435 billion a year from their wealth which according to his plan will be reduced every year.
Which means the tax payments will be reduced. It's just simple economics.
ou are gow 200,000,000 die for a Socialist utopia. May your Marxist re solution burn hell
Bernie is a moron. If he were able to force through this kind of confiscatory punishment to the wealthy, it wouldn't produce anywhere near the money he suggests.
A tax on wealth would require the billionaire to liquidate holdings to pay, and that would reduce the price of stocks, and thus their wealth.
Further, the behavior of billionaires would change. A lot would flee the country, retire and quit producing income, etc.
Taxation of the type Crazy Bernie suggests will change behavior.
Governments charter corporations which are the source for all private fortunes.No they are not currency is but the rest os not. The Stock market on wall strreet predated the US government by many years.
Do you see how gullible you are? Its right there in your post. Just like I said companies are the ones raising prices. Prices don't just go up by themselves. Someone has to say "Hey people have a lot of money. Lets raise prices."As inflationary rates hit a 13-year high in the U.S., many companies are raising prices to offset higher costs for materials such as aluminum and lumber, in addition to rising prices for gas and vehicles.
Where is your proof that capitalism killed ANYONE??? What a gross totally erroneous statement!
And so you solution is to TAX 100% the money that people make creating, producing and servicing all the necessities and niceties you have? That makes sense? What does that do? The companies will do 1 or both activities: raise prices or move offshore.Do you see how gullible you are? Its right there in your post. Just like I said companies are the ones raising prices. Prices don't just go up by themselves. Someone has to say "Hey people have a lot of money. Lets raise prices."
Where did you get that retarded conclusion from? There is nothing like that in my post.And so you solution is to TAX 100% the money that people make creating, producing and servicing all the necessities and niceties you have?
How do you expect things like offshore oil rigs and jet airliners to get created without corporations?Governments charter corporations which are the source for all private fortunes.
How the Stock Market Was Started & by Whom
"To most people, the name Wall Street is synonymous with stock exchange.
"According to the Library of Congress, the market on Wall Street opened May 17, 1792 on the corner of Wall Street and Broadway.
"Twenty-four supply brokers signed the Buttonwood Agreement outside 68 Wall St. in New York, underneath a buttonwood tree. On March 8, 1817 the group renamed itself the New York Stock and Exchange Board and moved off the street into 40 Wall St."
What's your solution then?Where did you get that retarded conclusion from? There is nothing like that in my post.
George's theory is that anyone who dies in a capitalist country was killed by capitalism.Where is your proof that capitalism killed ANYONE??? What a gross totally erroneous statement!
Be specific. corps raising prices, revenue, taxes, how to get to mars?What's your solution then?
Your comment: Someone has to say "Hey people have a lot of money. Lets raise prices."Where did you get that retarded conclusion from? There is nothing like that in my post.
How do you expect things like offshore oil rigs and jet airliners to get created without corporations?
Who would raise prices if not companies that produce goods and services? Why would companies raise prices absent any external influence?Do you see how gullible you are? Its right there in your post. Just like I said companies are the ones raising prices. Prices don't just go up by themselves. Someone has to say "Hey people have a lot of money. Lets raise prices."
Yes I wrote that stupid. What I didnt write is to tax someone 100%Your comment: Someone has to say "Hey people have a lot of money. Lets raise prices."
Did you not write that?
