Do you support a 1% Federal Wealth Tax to pay down the $39T National Debt? (Poll)

[IM2]

So you want to tax money that’s already been taxed and or unrealized assets? We don’t have a revenue problem. We raise more in taxes than any other country on the planet by a wide margin. Incase you missed it we aren’t remotely close to the largest population in the world. If we reduced spending to pre COVID levels our budget would not only be balanced we would be running in the black.

We do have a revenue problem. A national living wage would create additional revenue from people who were unable to pay taxes and reduce the need for government assistance. We were not running in the black before COVID, and every time a Democrat fixes the mess a Republican made, people vote in a Republican majority and administration that messes things up again.

 

[leftwinger]

Within 12 months: Under Trump

Ukraine became irrelevant
Hamas became irrelevant
The UN became irrelevant
Wokeness became irrelevant
WHO became irrelevant
USAID became irrelevant
The International Criminal Court became irrelevant
The World Economic Forum became irrelevant
The Paris Climate Agreement became irrelevant
The Black Lives Matter Global Network Foundation became irrelevant
The International Monetary Fund became irrelevant
The World Bank became irrelevant
The Human Rights Watch became irrelevant
The Amnesty International became irrelevant
The Council on Foreign Relations became irrelevant
The World Trade Organization became irrelevant
NATO became irrelevant
The European Union became irrelevant
The Open Society Foundations became irrelevant
ESG investing became irrelevant
DEI bureaucracies became irrelevant
Net-zero policies became irrelevant
Global migration compacts became irrelevant
Pandemic emergency powers became irrelevant

The global reset is in full motion

 

[AZrailwhale]

We do have a revenue problem. A national living wage would create additional revenue from people who were unable to pay taxes and reduce the need for government assistance. We were not running in the black before COVID, and every time a Democrat fixes the mess a Republican made, people vote in a Republican majority and administration that messes things up again.

Where does the Money come from to pay the national living wage? Plus every time the democrats would get in power, they would raise it to buy votes increasing inflation and decreasing purchasing power. You are an economic illiterate.

 

[Winco]

Bottom Line.
Those worth over 100 Billion, should have a MORAL thought, like Buffett, to help the rest.

100 Billion. Someone said.......that's a lot.
Maybe math teacher Admiral Rockwell Tory or former teacher SweetSue92 or current teacher Unkotare or Seymour Flops could HELP with the math I propose.

100 Billion/10 years = well, that's easy, that is 10 Billion a Year. Nice.
10 Billion a Year/ 365 Days per YEAR = over 27 MILLION per DAY.

Sure, these guys are going to SUFFER big time, and will probably move to a RED STATE. I'm thinking the vast vacant boring land of Oklahoma or S/N Dakota.

 

[progressive hunter]

Bottom Line.
Those worth over 100 Billion, should have a MORAL thought, like Buffett, to help the rest.

100 Billion. Someone said.......that's a lot.
Maybe math teacher Admiral Rockwell Tory or former teacher SweetSue92 or current teacher Unkotare or Seymour Flops could HELP with the math I propose.

100 Billion/10 years = well, that's easy, that is 10 Billion a Year. Nice.
10 Billion a Year/ 365 Days per YEAR = over 27 MILLION per DAY.

Sure, these guys are going to SUFFER big time, and will probably move to a RED STATE. I'm thinking the vast vacant boring land of Oklahoma or S/N Dakota.

even the crooked billionaires help others by providing jobs to millions of people,

and who exactly are you to say how others should provide charity??

 

[Winco]

even the crooked billionaires help others by providing jobs to millions of people,

and who exactly are you to say how others should provide charity??

Just reality and common sense.
A 100 Billionaire can certainly afford to be with ONLY 10 Billion Less.

Who can spend that much money?
Buffett is correct.

 

[Winco]

even the crooked billionaires help others by providing jobs to millions of people,

And their WORTH continues to climb.
You pretend that taxes are KILLING their worth.
NOT TRUE AT ALL.

 

[kyzr]

Lets go with the "easier to sell" - taking out 2.5T annually out of 30T economy means 8% GDP contraction.

.08 x 2% = ~0.16% off GDP, not a major hit to reduce the $40T debt.

We are talking about Great Recession stuff here
...but wait there is more! 2.5T is only 0.6T larger than 2026 projected deficit, so it would take not 8 years, but more like 30 years.

Not true. The BBB only adds $240b a year to the debt. The 2026 deficit is from Biden's last budget.

H.R. 1, One Big Beautiful Bill Act (Dynamic Estimate)

As passed by the House of Representatives on May 22, 2025

www.cbo.gov

The Congressional Budget Office and the staff of the Joint Committee on Taxation (JCT) previously reported that H.R. 1, the One Big Beautiful Bill Act, as passed by the House of Representatives on May 22, would increase the primary deficit by $2.4 trillion over the 2025-2034 period.

You would also need to add in new revenue, such as tariffs, DOGE, Fed rate cuts, and if the GDP exceeds the assumed 1.8%

 

[kyzr]

Do you support a 2% Federal wealth Tax on all financial assets to pay the $39T Debt down in 8-years?​

PHUCK NO!!
Get all the illegal cockroaches and their anchor babies on stolen citizenships out, stop incentivizing Humberto, Guadalupe, ShaQuita and DaShawn to run their baby factories, stop ALL the retarded spending and then ask about how you could phuck America’s best citizens over more. Until then, let this phucker burn to the ground.

You may get your wish if we don't fix/address the $39T Debt

 

[kyzr]

Within 12 months: Under Trump

Ukraine became irrelevant
Hamas became irrelevant
The UN became irrelevant
Wokeness became irrelevant
WHO became irrelevant
USAID became irrelevant
The International Criminal Court became irrelevant
The World Economic Forum became irrelevant
The Paris Climate Agreement became irrelevant
The Black Lives Matter Global Network Foundation became irrelevant
The International Monetary Fund became irrelevant
The World Bank became irrelevant
The Human Rights Watch became irrelevant
The Amnesty International became irrelevant
The Council on Foreign Relations became irrelevant
The World Trade Organization became irrelevant
NATO became irrelevant
The European Union became irrelevant
The Open Society Foundations became irrelevant
ESG investing became irrelevant
DEI bureaucracies became irrelevant
Net-zero policies became irrelevant
Global migration compacts became irrelevant
Pandemic emergency powers became irrelevant

The global reset is in full motion

Nice list. Here's my Trump scorecard:

Border being totally secured after Dems told us we needed to pass legislation to do it.
Inflation is now in check.
Millions of illegals have left the country or have been deported.
Newly created jobs and lower unemployment for American citizens.
Crime way down.
Housing prices have dropped.
Gas and grocery prices have dropped.
Iran’s nuclear site a smoking hole.
All US/Israeli hostages on Gaza released.
Many peace deals reached in conflicts around the globe.
Massive government fraud, waste, and abuse exposed by DOGE
Transgenderism being curb stomped, men no longer allowed to compete in girl’s sports. Hospitals now being sued for mutilating children.

Trump is saving more than 200,000 US lives compared to Biden's 400,000 drug overdose dead
Trump cut taxes for those making tips, on SS, or working OT
Trump cut drug prices to the to match the lowest in the world.
Trump got the EU countries to commit to spending 5% on defense, and to support Ukraine
Trump arrested Maduro, the criminal dictator of VZ, and is sinking drug runner speed boats
Trump is getting China out of Panama, and the US back in
Trump has more access to Greenland
Trump is building a new Grand Ballroom with private funding
Trump is negotiating with Cuba
Trump has toxic democrat's approval at 18%
Trump found 150,000 of the 320,000 kids Biden “lost” to drug traffickers
Trump has $18T in commitments from foreign corporations

Investments

Track the flood of private and foreign investment pouring into U.S. manufacturing, tech, and infrastructure, driving jobs, innovation, and growth nationwide.

www.whitehouse.gov

 

[Mac-7]

Logic tells you it isn't necessary .
Trump promised to eliminate the national debt without this 1% thing in his agenda. Therefore the tax you mention won't be necessary.
View attachment 1228772

The Georgia lib has trump on the brain

 

[kyzr]

Bottom Line. Those worth over 100 Billion, should have a MORAL thought, like Buffett, to help the rest.
100 Billion. Someone said.......that's a lot.

100 Billion/10 years = well, that's easy, that is 10 Billion a Year. Nice.
10 Billion a Year/ 365 Days per YEAR = over 27 MILLION per DAY.

Sure, these guys are going to SUFFER big time, and will probably move to a RED STATE. I'm thinking the vast vacant boring land of Oklahoma or S/N Dakota.

Billionaires won't suffer losing 10% of their wealth. Their wealth still continues to grow.
The stockmarket grows an average 10% a year.
So in your case, his 10% gain loses 20% to capital gains, or he keeps 8%, and then loses the 10% wealth tax, so he actually only loses about 2% a year. Not a big hit.

 

[JWBooth]

No
All taxes are organised theft, collected through coercion.

 

[scruffy]

No.

 

[LAUGHatLEFTISTS]

Yea, we'd hate to see some kid get a candy bar & a soda as a treat once a week.

Typical attitude of a right wing straight up asshole.

Feels are a big reason for the debt.

 

[j-mac]

Well, to be fair, it actually DID go towards infrastructure. The only problem is, it went towards Israel's infrastructure and not America's.

And, there it is….

 

[SaxonJackson]

And, there it is….

Exactly!!

 

[the watcher]

No and I'll tell you why. Taking more earned income would just be feeding the money monster, and there is no way that it would decrease spending. In fact it would increase fraud and power peddling in the crimosphere that we call government, and lead to the departure of what little economy we have left.

 

[j-mac]

Exactly!!

Tell us where the big bad Jews hurt you….

 

[SaxonJackson]

Tell us where the big bad Jews hurt you….

Currently? In the pocketbook.