Is the wealth tax fool's gold?
Money will flee and leave the coffers dry and it's likely SCOTUS will rule it unconstitutional.
But hey... it makes for great campaigning fodder.
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Level 1
It drives out the makers but makes the takers feel good. The problem with the grift that is politic
(no message)Dead-eye Pete with 20 pounds of swingin' meat.-
Level 2
When the CEO/Avg Worker ratio goes from 30:1 --> 300+:1...we know who the "Takers" are...
(no message)-
Level 3
It's sad to be obsessed by envy. There is no end of things to be envious about... AND...
it's a major cause of clinical depression.
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Level 3
CEOs aren't billionaires, by and large. How about reducing spending instead of needing more money?
(no message)Dead-eye Pete with 20 pounds of swingin' meat.-
Level 4
Don't be so pedantic...the GOP has and is fighting to reduce taxes on the Wealthiest among us, while
at the same time fighting any efforts to raise minimum wages, or union bargaining power...and it shows in the CEO/Avg. Worker compensation ratio...as well as the outrageous amounts of money/wealth that billionaires accumulate.
When one man in America has more wealth than 53% of All Americans...that is Wrong...and needs to be corrected. Btw, that is symbolic of the overall Wealth Gap that exists between CEOs and Average Workers.
Note that Elon Musk used a lot of taxpayer dollars to build Tesla...and NASA talent (taxpayer funded) to build SpaceX.
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Level 1
Billionaires who agree that they should be taxed more...
...not surprising that the "Hoover Institute" would object...it sides with the GOP.
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AI OverviewSeveral prominent billionaires have publicly stated that the ultra-wealthy should pay higher or fairer taxes:
• Warren Buffett: Famously noted that his "friends and I have been coddled long enough" and advocated for higher taxes on the ultra-rich, including income and estate taxes.
• Bill Gates: Has long supported higher taxes, particularly favoring a stronger estate tax.
• Marc Benioff: Supports increased income and corporate taxes.
• Ray Dalio: Has expressed general support for wealth taxes.
• George Soros and Hansjoerg Wyss: Signed letters/advocated in favor of moderate wealth tax proposals.
• Pierre Omidyar: Supports higher capital gains and data-related taxes.
• Leon Cooperman: Supports progressive income surtaxes
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Level 1
Of course. The lib plan is always to pass it & then lower tax threshold to middle class
BaronVonZemo64577 postsSame old game of lies and deception.
BVZ -
Level 1
Are you aware of the federal deficit?
You voted to elect a reckless President who started an unjustified and unlawful war that has cost taxpayers $47 billion thus far.
The government needs money.
The American Dream belongs to all of us. — Kamala Harris-
Level 2
The only way out of the problem is growth, not contraction. Increased taxes push contraction.
(no message)Dead-eye Pete with 20 pounds of swingin' meat. -
Level 2
If only you were when you rammed through the paradoxically named “Inflation Reduction Act”
BaronVonZemo64577 posts(no message)BVZ-
Level 3
It was passed into law through Congress consistent w/ the US Constitutiion.
Now tell us about the GOP this term in getting a federal budget passed. Oooops
Now tell us about Congressional approval for the Iran War. Oooops.
The American Dream belongs to all of us. — Kamala Harris-
Level 4
Yes. Where was your concern when Dems pushed through the biggest deficit increase in history?
BaronVonZemo64577 postsRegarding your side bar distraction efforts:
The Iran War was prosecuted legally as well with powers granted to the POTUS.That was for the purpose of stopping the largest terrorist exporter in the world from gaining a nuclear weapon which it had vowed to use on Israel and the US whenever they could get it. (As if their many proven terrorist acts and assassination attempt on the POTUS was not enough proof).
I know that you were angry that Iran did not get the weapon with which to harm our country or at the very least extort my country for the rest of its existence, but the war to prevent that was done quite legally - as was your massive and unnecessary spending bill which was full of waste and fraud as we now know.But back to the question you dodged....where was your concern about the deficit then when you greedily grabbed the tax payers money?
BVZ-
Level 5
I have consistently advocated fiscal discipline via tax increases on wealthy and corporations.
I believe in bang for the buck spending, with robust debate and vetting by our elected officials. That is our process.
We have seen zilch from the Republicans since JAN 2025 when they assumed power. No debate. No meaningful engagement.
Just DOGE and the Oligarch.
The American Dream belongs to all of us. — Kamala Harris
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End of conversation