Bernie's Wealth Tax and Its Presumed Purpose

[Mac-7]

Debt is buying it.

I am willing to trim defense spending as long as we reduce every other government expenditure by the same percentage

 

[pknopp]

I am willing to trim defense spending as long as we reduce every other government expenditure by the same percentage

All well and fine but that's like saying you support no one dying from cancer.

 

[Toddsterpatriot]

No, a five percent wealth tax on those with a net worth of a billion dollars would not leave us "f**ked.

How is it working out so far for California and Washington state revenues?

 

[Winston]

How is it working out so far for California and Washington state revenues?

Neither state has a wealth tax.

 

[Mac-7]

All well and fine but that's like saying you support no one dying from cancer.

I sure wont allow you to pick and choose what you will or wont cut

 

[Concerned American]

It`s interesting how we can instantly fund a war, but can`t find money for healthcare.

Your healthcare isn't my responsibility. There is nothing in the constitution that suggests the government is responsible for your healthcare. So run along parasite.

 

[Concerned American]

Neither state has a wealth tax.

As usual, you don't what you're talking about. Jeff Bezos has already made to move to FL.

Washington state has approved a 9.9% tax on personal income over $1 million, known as the "millionaires tax." This tax is expected to generate significant revenue for public services and will take effect in 2028, with payments starting in 2029.
kiplinger.com taxfoundation.org

 

[Winston]

As usual, you don't what you're talking about. Jeff Bezos has already made to move to FL.

Washington state has approved a 9.9% tax on personal income over $1 million, known as the "millionaires tax." This tax is expected to generate significant revenue for public services and will take effect in 2028, with payments starting in 2029.
kiplinger.com taxfoundation.org

Neither state has a wealth tax. That is an income tax.

 

[pknopp]

I sure wont allow you to pick and choose what you will or wont cut

I don't get to pick and those who can, won't.

 

[Concerned American]

Neither state has a wealth tax. That is an income tax.

It is and has been marketed as a wealth tax as it targets ONLY those who make $1M/yr. BTW, chances are it will be struck down for multiple reasons. Income tax is unconstitutional in the state of WA. It is also a selective tax based on WEALTH. Now run along and cut and paste more garbage. You are wrong on this subject AGAIN.

 

[Winston]

It is and has been marketed as a wealth tax as it targets ONLY those who make $1M/yr. BTW, chances are it will be struck down for multiple reasons. Income tax is unconstitutional in the state of WA. It is also a selective tax based on WEALTH. Now run along and cut and paste more garbage. You are wrong on this subject AGAIN.

Come the fawk on. "Wealth" tax. Tax on "wealth", not tax on income. Hell, you say the wealthy pay all the income taxes, so why do you call them income taxes. ******* moron. And Washington state classifies income as property thereby allowing it to be taxed. And to add insult to injury, the rates you claim have not been enacted, have not even been signed by the governor yet, and probably won't.

 

[Concerned American]

Come the fawk on. "Wealth" tax. Tax on "wealth", not tax on income. Hell, you say the wealthy pay all the income taxes, so why do you call them income taxes. ******* moron. And Washington state classifies income as property thereby allowing it to be taxed. And to add insult to injury, the rates you claim have not been enacted, have not even been signed by the governor yet, and probably won't.

You go with that. Keep doubling down on your ignorance. I live in WA and am fully aware of the happenings unlike you. Now run along goober.

 

[Toddsterpatriot]

Neither state has a wealth tax.

Didn't they just vote on one?
Do they start this year?

 

[Winston]

Didn't they just vote on one?
Do they start this year?

It is on the ballot in California for November, 2026. The income tax passed in Washington state, set to take effect on January 1, 2028, still awaiting governor's signature.

 

[Toddsterpatriot]

It is on the ballot in California for November, 2026. The income tax passed in Washington state, set to take effect on January 1, 2028, still awaiting governor's signature.

Howard Schultz moved out of Washington.
Page, Brin, Thiel, Kalanick and Spielberg moved out of California.

 

[Concerned American]

Didn't they just vote on one?
Do they start this year?

WA legislature has passed one and it is on the govs desk. He has indicated he will sign it. It doesn't take effect until 2028, but some wealthy business owners have abandoned the state for other more tax friendly states. Jeff Bezos has gone to FL.

 

[Mac-7]

I don't get to pick and those who can, won't.

The only solution is across-the-board cuts

Everyone loses the same percentage of the last budget

 

[pknopp]

The only solution is across-the-board cuts

Everyone loses the same percentage of the last budget

Again, sadly it's never going to happen. Well, until others pull the rug out from under us.