And that is the problem. The wealthy pay very little in taxes. You would start taxing them now because that is where the money is. And you have no property rights if the government decides to take your property by eminent domain, which has been found to be Constitutional by the SCOTUS.Don't you think it would be important to include a look at what % of wealth those groups hold compared with the tax %?
Did that thought never cross your mind?
Never in the history of the USA has there been a tax on wealth. Why do you think it necessary to start taxing wealth now? And how do you square that with property rights being included in our unalienable rights protected by the Constitution?
The Truth About Taxes
August 6, 2007
RUSH: I've told you before: the income tax is designed to keep people like his [Buffett's] secretary from becoming wealthy! There is no "wealth" tax. So this is a big misnomer. ...
But there's no tax on wealth. There is a tax on income, and the tax on income is designed to keep everybody who is not wealthy from getting there.
I'm talking about genuine wealth, not the way Democrats define "rich."
The top quintile in income pays a higher rate of taxes than all others.