The Argument for A Wealth Tax

[Conservative65]

Jealousy has gotten the best of you.

Not jealousy...pragmatism and reality

The reality is you're jealous. The only answer you bleeding hearts have is tax the other guy, he has too much.

 

[rightwinger]

We don’t need a wealth tax

Just put a one percent survharge on all stock transactions

That would be an excellent way to move all stock trades to the London Stock Exchange.

Add the fee when they bring the money back

 

[Conservative65]

We don’t need a wealth tax

Just put a one percent survharge on all stock transactions

That would be an excellent way to move all stock trades to the London Stock Exchange.

Add the fee when they bring the money back

Instead of supporting people that are successful, why don't you worry about making your miserable existence better by doing something productive.

 

[Lesh]

Jealousy has gotten the best of you.

Not jealousy...pragmatism and reality

The reality is you're jealous. The only answer you bleeding hearts have is tax the other guy, he has too much.

You can make all the stupid claims like that you want but don't you DARE bitch about debt and don't you DARE try to take it out of the hide of the middle class and poor

 

[danielpalos]

we should raise the minimum wage to raise more tax money.

 

[Toddsterpatriot]

We don’t need a wealth tax

Just put a one percent survharge on all stock transactions

That would be an excellent way to move all stock trades to the London Stock Exchange.

Add the fee when they bring the money back

Who is going to tell you how many trades they did when, "they bring the money back"?

 

[Conservative65]

Jealousy has gotten the best of you.

Not jealousy...pragmatism and reality

The reality is you're jealous. The only answer you bleeding hearts have is tax the other guy, he has too much.

You can make all the stupid claims like that you want but don't you DARE bitch about debt and don't you DARE try to take it out of the hide of the middle class and poor

Hit the nail on the head.

Debt isn't a lack of money problem, it's a spending problem. Debt doesn't come because you don't have money. It comes when you spend money you don't have with a promise to pay it back later. You could have zero to your name and never be in debt.

Explain how the poor, since they have little to no money, provide anything to this country. Half the people in this country pay zero income taxes including many in the middle class. They're the ones, while paying none, want all sorts of taxes placed on others of which they're jealous and think have too much.

 

[Conservative65]

we should raise the minimum wage to raise more tax money.

Those that have skills to where the only wage they can make is the minimum should do something to improve their skills.

 

[Yarddog]

Interesting idea. It would end a lot of debt and funding issues

Consider

US wealth inequality - top 0.1% worth as much as the bottom 90%

The top 1/10 of one per cent own almost 25% of the nation's wealth

That's the same amount of wealth as the bottom NINETY PER CENT of the county

In that light a 2% wealth tax isn't that outrageous

I haven't checked the numbers but I have read that it could provide 30 trillion dollars over 10 years.


Health care

Education

Green New Deal

We already have a capital GAINS tax. Billionaires and multi- millionaires pay much more of that. Trump also just eliminated the Mortgage interest deduction loophole. That is a wealth Tax for anyone buying an investment property. Lets say a billionaire buys a 20 million dollar commercial investment property with a 65% loan, that would have been a whole lot of Interest deduction that they will no longer get.
Billionaires and millionaires put their money into property like this all the time. It's a wise investment, or at least it used to be. WHo knows anymore? now its something to be punished for. Marx would be so proud of you all.

Question is why are you Marxists so against people of color who are now becoming wealthier, of retaining more of their wealth and passing it down for their families? You want to create new taxes all the time as if the old ones were not enough..... because of the governments failure.

Its all about greed from these people in government who have no idea what is to create something. They have spent their entire lives taking from others and calling it revenue.

 

[Toddsterpatriot]

Interesting idea. It would end a lot of debt and funding issues

Consider

US wealth inequality - top 0.1% worth as much as the bottom 90%

The top 1/10 of one per cent own almost 25% of the nation's wealth

That's the same amount of wealth as the bottom NINETY PER CENT of the county

In that light a 2% wealth tax isn't that outrageous

I haven't checked the numbers but I have read that it could provide 30 trillion dollars over 10 years.


Health care

Education

Green New Deal

We already have a capital GAINS tax. Billionaires and multi- millionaires pay much more of that. Trump also just eliminated the Mortgage interest deduction loophole. That is a wealth Tax for anyone buying an investment property. Lets say a billionaire buys a 20 million dollar commercial investment property with a 65% loan, that would have been a whole lot of Interest deduction that they will no longer get.
Billionaires and millionaires put their money into property like this all the time. It's a wise investment, or at least it used to be. WHo knows anymore? now its something to be punished for. Marx would be so proud of you all.

Question is why are you Marxists so against people of color who are now becoming wealthier, of retaining more of their wealth and passing it down for their families? You want to create new taxes all the time as if the old ones were not enough..... because of the governments failure.

Its all about greed from these people in government who have no idea what is to create something. They have spent their entire lives taking from others and calling it revenue.

Trump also just eliminated the Mortgage interest deduction loophole. That is a wealth Tax for anyone buying an investment property.

You sure about that?

 

[imawhosure]

Interesting idea. It would end a lot of debt and funding issues

Consider

US wealth inequality - top 0.1% worth as much as the bottom 90%

The top 1/10 of one per cent own almost 25% of the nation's wealth

That's the same amount of wealth as the bottom NINETY PER CENT of the county

In that light a 2% wealth tax isn't that outrageous

I haven't checked the numbers but I have read that it could provide 30 trillion dollars over 10 years.


Health care

Education

Green New Deal

The argument against.

1) it's stupid
2) it would lead to massive needs for liquidation of fixed assets in some cases, which requires buyers, who would also probably be trying to liquidate assets
3) It's Unconstitutional at the Federal level.

I have the OP Idiot on ignore, but will try to ask one simple question again.

WHY IS IT ALWAYS WE HAVE TO INCREASE TAXES ON THE RICH, BUT NEVER HAVE TO DECREASE THE SIZE OF THE OVERBLOATED, WORTHLESS GOVERNMENT, AND ITS BULLSHIT PROGRAMS, LIKE THE WAR ON POVERTY?

OPINION: It’s Time To Admit The Feds Are Making Poverty Worse — Not Better

In all, some 200 anti-poverty laws and related programs were enacted during Johnson’s administration. They now cost more than $1 trillion combined annually and represent the third most expensive government expenditure — exceeding national defense spending.

Stop paying people to sit on their lazy liberal asses, and put the money to the national debt, in 15 years, no more debt and unemployment would be nonexistent. And the Democrap Party would be a thing of the past...

Tax the rich.

They made their money on the backs of the middle class and the poor anyway.

They made their money using infrastructure provided by the taxpayers.

They made their money by shipping jobs overseas, which, in turn, did much to help create such a large pool of poor former worker-bees.

Hell, it would be fair to take a huge-assed chunk of their assets and put them back into play.

However, a tax of a couple of percentage points per year would do nicely as a consolation prize.

Jealousy has gotten the best of you.

Interesting idea. It would end a lot of debt and funding issues

Consider

US wealth inequality - top 0.1% worth as much as the bottom 90%

The top 1/10 of one per cent own almost 25% of the nation's wealth

That's the same amount of wealth as the bottom NINETY PER CENT of the county

In that light a 2% wealth tax isn't that outrageous

I haven't checked the numbers but I have read that it could provide 30 trillion dollars over 10 years.


Health care

Education

Green New Deal

The argument against.

1) it's stupid
2) it would lead to massive needs for liquidation of fixed assets in some cases, which requires buyers, who would also probably be trying to liquidate assets
3) It's Unconstitutional at the Federal level.

I have the OP Idiot on ignore, but will try to ask one simple question again.

WHY IS IT ALWAYS WE HAVE TO INCREASE TAXES ON THE RICH, BUT NEVER HAVE TO DECREASE THE SIZE OF THE OVERBLOATED, WORTHLESS GOVERNMENT, AND ITS BULLSHIT PROGRAMS, LIKE THE WAR ON POVERTY?

OPINION: It’s Time To Admit The Feds Are Making Poverty Worse — Not Better

In all, some 200 anti-poverty laws and related programs were enacted during Johnson’s administration. They now cost more than $1 trillion combined annually and represent the third most expensive government expenditure — exceeding national defense spending.

Stop paying people to sit on their lazy liberal asses, and put the money to the national debt, in 15 years, no more debt and unemployment would be nonexistent. And the Democrap Party would be a thing of the past...

Tax the rich.

They made their money on the backs of the middle class and the poor anyway.

They made their money using infrastructure provided by the taxpayers.

They made their money by shipping jobs overseas, which, in turn, did much to help create such a large pool of poor former worker-bees.

Hell, it would be fair to take a huge-assed chunk of their assets and put them back into play.

However, a tax of a couple of percentage points per year would do nicely as a consolation prize.

There's a lot to be said for that.

The rich got their money from somewhere. It IS a zero sum game

We don’t need a wealth tax

Just put a one percent survharge on all stock transactions

That would be an excellent way to move all stock trades to the London Stock Exchange.

Add the fee when they bring the money back

REALITY--------->

Why do Leftists want higher taxes on the wealthy? To finance Healthcare, government spending on all their juicy ideas, etc.

Does it work?

TRUTH------------> Look at all the charts they post, and charts can be made to say anything they want by the inputs, so let us examine REAL applications of their incompetence and discover the truth; the truth they ignore!

They always go back to the Denmark example, and the Canada example, or even the UK example, and tell you how wonderful it is, while we always post the waiting lines, etc...………...and that is the WRONG approach on our part, it really is.

Lesh and friends would have everyone believe that taxing the rich would solve your budget crisis, and allow our wonderful government to do for all the people, the things that need done, and the poor and middle class will get a freebie, lol.

LIARS they are! You people are cutting your own throats listening to them, and are to uninformed to realize they are leading you to economic slaughter because their words sound good.

Ask ANY of these Leftists to supply one country that has Socialist leanings with free healthcare and a nanny state, that the overall tax rate on their middle class is BELOW 45%! They won't find one, because NONE exist that have a population of over 10 million people!

And why is that?

ANSWER---------->Because the Leftists muddy the waters by HOW they frame the argument, and they do it on purpose. They talk about ACCUMULATED WEALTH, then beat the hell out of everyone with THEIR definition.

It makes 0...…...let me spell that for you, ZERO difference who has the ACCUMULATED WEALTH, it is who MAKES THE MONEY that can be taxed to finance these pie in the sky ideas, and while it seems counter intuitive, it is the MIDDLE CLASS and the poorer people!

How can that be?

SIMPLE------------->there are millions of us, and only a handful of them. That is exactly why all of these countries that are spewed from the lips of Leftists, have outrageous tax rates on the common people. YOU will in essence; FINANCE YOURSELVES, and the government will only redirect the money, AFTER they get their cut off the top. Where are the moderate Democrats who surely can easily understand this, once they look up the tax rates for these nations? Do moderate Democrats even exist any more?

But there is more-) UK, you know the bastion of free healthcare? Well, even with their gianormous tax rates on common people, could still NOT pay for their wonderful ideas, so what did they do to supplement the pot of money to help pay for it long ago?

Why they raised the tax on fuel out of this world, and who did it hurt? The wealthier people? Oh no, no, it hurt the common person! And here, the Leftists thought, or pretended to think; that the outlandish fuel taxes were to fight climate change.

Lesh and his band of Socialists, are leading you down a primrose Socialist path of nonsense. Again, I urge you to look up other countries that have the services they claim are YOUR RIGHT TO HAVE, and see who is actually paying for it by the tax rates, and it sure isn't the rich.

So why would so many supposedly RICH people be all for this stupidity?

ANSWER-----------> Because they are already rich, lol. These goofy taxes do faaaaaaaaaarrrrrrrrr less to bring them back towards us, and instead do MORE to PREVENT YOU from becoming highly, or even reasonably successful.

EXAMPLE------------->Rich person has income from their accumulated assets of 20 million a year, taxed at 50%, leaving them 10 million every year to live on.

YOU make 50,000 a year taxed at 50%, leaving you 25,000. The Leftists say-------->see, we screwed the rich person, they only have 10 million per year left, pat us on the back. Really!

WAKE UP people! The rich can NOT finance what the Leftists want, only YOU can! And much to their chagrin; it is PROVEN by all the countries in the world who are following their formula. Once you understand that, you will be much more informed on what is REALLY going on, and if you still want it, at least you will know, and hopefully tell the truth what path has to be taken to finance what it is you are asking for.

 

[danielpalos]

we should raise the minimum wage to raise more tax money.

Those that have skills to where the only wage they can make is the minimum should do something to improve their skills.

it is a cost of living adjustment. they can do that within the goal posts Standards fixed by Government.

 

[Conservative65]

we should raise the minimum wage to raise more tax money.

Those that have skills to where the only wage they can make is the minimum should do something to improve their skills.

it is a cost of living adjustment. they can do that within the goal posts Standards fixed by Government.

That involves the one getting it actually doing something.

 

[Toddsterpatriot]

we should raise the minimum wage to raise more tax money.

Those that have skills to where the only wage they can make is the minimum should do something to improve their skills.

it is a cost of living adjustment. they can do that within the goal posts Standards fixed by Government.

That involves the one getting it actually doing something.

His weed isn't going to smoke itself......

 

[danielpalos]

we should raise the minimum wage to raise more tax money.

Those that have skills to where the only wage they can make is the minimum should do something to improve their skills.

it is a cost of living adjustment. they can do that within the goal posts Standards fixed by Government.

That involves the one getting it actually doing something.

all Labor need do is circulate the additional capital.

 

[martybegan]

Interesting idea. It would end a lot of debt and funding issues

Consider

US wealth inequality - top 0.1% worth as much as the bottom 90%

The top 1/10 of one per cent own almost 25% of the nation's wealth

That's the same amount of wealth as the bottom NINETY PER CENT of the county

In that light a 2% wealth tax isn't that outrageous

I haven't checked the numbers but I have read that it could provide 30 trillion dollars over 10 years.


Health care

Education

Green New Deal

The argument against.

1) it's stupid
2) it would lead to massive needs for liquidation of fixed assets in some cases, which requires buyers, who would also probably be trying to liquidate assets
3) It's Unconstitutional at the Federal level.

1a. It's not stupid, it's an idea that has merit.
2a. This is stupid, adding four or more tax brackets***
will add significant revenue to allow for rebuilding are aging infrastructure and reducing the annual deficits.
2a. It is legal and not immoral as is the Ryan - Trump fraud.


***There are seven federal income tax brackets in 2018: 10%, 12%, 22%, 24%, 32%, 35% and 37%; let's add four more: 47%, 59%, 74% and 86%.

Where does the constitution allow for a wealth/property tax that does not have to be apportioned between the States?

 

[martybegan]

Interesting idea. It would end a lot of debt and funding issues

Consider

US wealth inequality - top 0.1% worth as much as the bottom 90%

The top 1/10 of one per cent own almost 25% of the nation's wealth

That's the same amount of wealth as the bottom NINETY PER CENT of the county

In that light a 2% wealth tax isn't that outrageous

I haven't checked the numbers but I have read that it could provide 30 trillion dollars over 10 years.


Health care

Education

Green New Deal

The argument against.

1) it's stupid
2) it would lead to massive needs for liquidation of fixed assets in some cases, which requires buyers, who would also probably be trying to liquidate assets
3) It's Unconstitutional at the Federal level.

I have the OP Idiot on ignore, but will try to ask one simple question again.

WHY IS IT ALWAYS WE HAVE TO INCREASE TAXES ON THE RICH, BUT NEVER HAVE TO DECREASE THE SIZE OF THE OVERBLOATED, WORTHLESS GOVERNMENT, AND ITS BULLSHIT PROGRAMS, LIKE THE WAR ON POVERTY?

OPINION: It’s Time To Admit The Feds Are Making Poverty Worse — Not Better

In all, some 200 anti-poverty laws and related programs were enacted during Johnson’s administration. They now cost more than $1 trillion combined annually and represent the third most expensive government expenditure — exceeding national defense spending.

Stop paying people to sit on their lazy liberal asses, and put the money to the national debt, in 15 years, no more debt and unemployment would be nonexistent. And the Democrap Party would be a thing of the past...

Tax the rich.

They made their money on the backs of the middle class and the poor anyway.

They made their money using infrastructure provided by the taxpayers.

They made their money by shipping jobs overseas, which, in turn, did much to help create such a large pool of poor former worker-bees.

Hell, it would be fair to take a huge-assed chunk of their assets and put them back into play.

However, a tax of a couple of percentage points per year would do nicely as a consolation prize.

"GIMME GIMME GIMME"

you do know that whatever is taken won't go into your pocket, but will be used to bloat the government even further and expand the untitled nobility bureaucracy we have spawned?

 

[martybegan]

Jealousy has gotten the best of you.

Not jealousy...pragmatism and reality

No, its all just "GIMMIE GIMMIE GIMMIE"

 

[danielpalos]

Jealousy has gotten the best of you.

Not jealousy...pragmatism and reality

No, its all just "GIMMIE GIMMIE GIMMIE"

tax cut economics is merely the rich getting richer faster.

 

[martybegan]

Jealousy has gotten the best of you.

Not jealousy...pragmatism and reality

No, its all just "GIMMIE GIMMIE GIMMIE"

tax cut economics is merely the rich getting richer faster.

That is all of history. You can't change that.