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

[kyzr]

A Federal Wealth Tax on financial assets might be one way to pay down the $39T National Debt.
Another would be to eliminate all "tax deductions".
A "sweetener" could be to couple the increase in "wealth" taxes with a "Balanced Budget" Law to forbid future Federal borrowing.

Wealth Tax 2025 Debate: U.S. Legal and Constitutional Challenges

Wealth Tax 2025 debate in the U.S. explores constitutional limits, federal authority, and potential court challenges.

lawdropusa.com

Q: What is a wealth tax?
A: A levy on net assets such as stocks, and cash holdings, rather than annual income.

Q: Is a wealth tax constitutional?
A: Opponents argue it violates apportionment rules; supporters claim the Sixteenth Amendment provides sufficient authority.

Q: Has the U.S. ever had a wealth tax?
A: No comprehensive federal wealth tax has been enacted, though estate and property taxes function similarly in scope.

Q: Why is the wealth tax 2025 debate significant?
A: It tests the balance between government taxing power and constitutional limits, with potential Supreme Court involvement.

Just doing some simple math.
If there is approximately $269T of "financial" wealth in the US, and the current Debt is $40T, and we want to pay that debt off in 8-years, that means a $5T tax or a ~2% wealth tax on all financial assets, but only for 8-years.
(it could be 1% over 16-years, if that is easier to sell)

Problem solved. No debt, and no more borrowing.

 

[SaxonJackson]

Another way to start paying down the debt is to stop sending $Billions in aid to foreign beggars and another way is to stop starting wars. All that money could be used to fix America's infrastructure and to pay down the debt. But just try to convince rich pedo lovers of that. It's next to impossible.

 

[Conservative from Georgia]

A Federal Wealth Tax on financial assets might be one way to pay down the $39T National Debt.
Another would be to eliminate all "tax deductions".
A "sweetener" could be to couple the increase in "wealth" taxes with a "Balanced Budget" Law to forbid future Federal borrowing.

Wealth Tax 2025 Debate: U.S. Legal and Constitutional Challenges

Wealth Tax 2025 debate in the U.S. explores constitutional limits, federal authority, and potential court challenges.

lawdropusa.com

Q: What is a wealth tax?
A: A levy on net assets such as stocks, and cash holdings, rather than annual income.

Q: Is a wealth tax constitutional?
A: Opponents argue it violates apportionment rules; supporters claim the Sixteenth Amendment provides sufficient authority.

Q: Has the U.S. ever had a wealth tax?
A: No comprehensive federal wealth tax has been enacted, though estate and property taxes function similarly in scope.

Q: Why is the wealth tax 2025 debate significant?
A: It tests the balance between government taxing power and constitutional limits, with potential Supreme Court involvement.

Just doing some simple math.
If there is approximately $269T of "financial" wealth in the US, and the current Debt is $40T, and we want to pay that debt off in 8-years, that means a $5T tax or a ~2% wealth tax on all financial assets, but only for 8-years.
(it could be 1% over 16-years, if that is easier to sell)

View attachment 1228771

Problem solved. No debt, and no more borrowing.

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.

 

[Freedomisneverfree]

Another way to start paying down the debt is to stop sending $Billions in aid to foreign beggars and another way is to stop starting wars. All that money could be used to fix America's infrastructure and to pay down the debt. But just try to convince rich pedo lovers of that. It's next to impossible.

And STOP sending Billions to cheating, Lying Minnesota Somalians.

Well actually I think they finally woke up and stopped sending $$$$$$$$$$$$$ to Minneapolis.

 

[excalibur]

A "wealth tax" as suggested would be a disaster, as it would force selling of assets which would assure that the assets would tumble in price.

 

[jotathought]

Why a wealth tax? How about a "Everyone has to pay tax .. even the ~50% that pay no income taxes?"

 

[excalibur]

I propose a 0.5% - 1% tax on every stock, bond, options, futures trade. Such a small tax would not compel people to stop most trading.

I haven't seen the numbers run on what such a tax could generate annually, but it needs to be small, and ALL money collected would go to:

1. 85% paying down the national debt

2. 15% to Social Security and Medicare funds until they are on sold ground again, and after they are, 100% to paying down the national debt

But you can never trust Congress with money, and after a few years, they'd probably use it in general funds. Who would stop them? Especially Democrats who have millions of third world people to bring in and support.

 

[Clipper]

Another way to start paying down the debt is to stop sending $Billions in aid to foreign beggars and another way is to stop starting wars. All that money could be used to fix America's infrastructure and to pay down the debt. But just try to convince rich pedo lovers of that. It's next to impossible.

Trump ran his mouth about infrastrucure during his first campaign. Once he took office, he gave it lip service so he could cut taxes for his millionaire/billionaire cronies. That's where the money for infrastructure went. As usual, he lied.

 

[Billiejeens]

A Federal Wealth Tax on financial assets might be one way to pay down the $39T National Debt.
Another would be to eliminate all "tax deductions".
A "sweetener" could be to couple the increase in "wealth" taxes with a "Balanced Budget" Law to forbid future Federal borrowing.

Wealth Tax 2025 Debate: U.S. Legal and Constitutional Challenges

Wealth Tax 2025 debate in the U.S. explores constitutional limits, federal authority, and potential court challenges.

lawdropusa.com

Q: What is a wealth tax?
A: A levy on net assets such as stocks, and cash holdings, rather than annual income.

Q: Is a wealth tax constitutional?
A: Opponents argue it violates apportionment rules; supporters claim the Sixteenth Amendment provides sufficient authority.

Q: Has the U.S. ever had a wealth tax?
A: No comprehensive federal wealth tax has been enacted, though estate and property taxes function similarly in scope.

Q: Why is the wealth tax 2025 debate significant?
A: It tests the balance between government taxing power and constitutional limits, with potential Supreme Court involvement.

Just doing some simple math.
If there is approximately $269T of "financial" wealth in the US, and the current Debt is $40T, and we want to pay that debt off in 8-years, that means a $5T tax or a ~2% wealth tax on all financial assets, but only for 8-years.
(it could be 1% over 16-years, if that is easier to sell)

View attachment 1228771

Problem solved. No debt, and no more borrowing.

Insanity

 

[Rambunctious]

I would love to see wealth taxed... income tax is just wrong... I would support a 10% tax on the wealth of politicians who got rich cheating the market and stealing donations...

 

[SaxonJackson]

Trump ran his mouth about infrastrucure during his first campaign. Once he took office, he gave it lip service so he could cut taxes for his millionaire/billionaire cronies. That's where the money for infrastructure went. As usual, he lied.

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

 

[Lisa558]

What about a 3% tax on every adult over 18? Half of Americans pay no federal income tax at all.

 

[Lisa558]

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

Antisemite ^^^ ignores that America gives money to dozens of countries, including Muslim countries, and focuses on Da Joos.

Color me shocked.

 

[Billiejeens]

I would love to see wealth taxed... income tax is just wrong... I would support a 10% tax on the wealth of politicians who got rich cheating the market and stealing donations...

Of course but that's not a wealth tax.

That's enforcement of US law which doesn't happen to Democrats.

 

[candycorn]

A Federal Wealth Tax on financial assets might be one way to pay down the $39T National Debt.
Another would be to eliminate all "tax deductions".
A "sweetener" could be to couple the increase in "wealth" taxes with a "Balanced Budget" Law to forbid future Federal borrowing.

Wealth Tax 2025 Debate: U.S. Legal and Constitutional Challenges

Wealth Tax 2025 debate in the U.S. explores constitutional limits, federal authority, and potential court challenges.

lawdropusa.com

Q: What is a wealth tax?
A: A levy on net assets such as stocks, and cash holdings, rather than annual income.

Q: Is a wealth tax constitutional?
A: Opponents argue it violates apportionment rules; supporters claim the Sixteenth Amendment provides sufficient authority.

Q: Has the U.S. ever had a wealth tax?
A: No comprehensive federal wealth tax has been enacted, though estate and property taxes function similarly in scope.

Q: Why is the wealth tax 2025 debate significant?
A: It tests the balance between government taxing power and constitutional limits, with potential Supreme Court involvement.

Just doing some simple math.
If there is approximately $269T of "financial" wealth in the US, and the current Debt is $40T, and we want to pay that debt off in 8-years, that means a $5T tax or a ~2% wealth tax on all financial assets, but only for 8-years.
(it could be 1% over 16-years, if that is easier to sell)

View attachment 1228771

Problem solved. No debt, and no more borrowing.

On the surface; no.

 

[Samofvt]

What about a 3% tax on every adult over 18? Half of Americans pay no federal income tax at all.

^Half of adult Americans pay no federal income tax at all * Because they have no earned income * which means they are either living off savings or living off the state & federal government

 

[Samofvt]

The main reason I am in favor of supporting wealthy people is NOT because I am wealthy (I am not).

The main reason is that we need wealthy people in order to combat the black hole of socialist government we are facing.

Will we escape the power well of big government? Or will we be sucked in and broken down into sub-atomic particles?

Credit: Scientific American Scientific American

 

[HikerGuy83]

A Federal Wealth Tax on financial assets might be one way to pay down the $39T National Debt.
Another would be to eliminate all "tax deductions".
A "sweetener" could be to couple the increase in "wealth" taxes with a "Balanced Budget" Law to forbid future Federal borrowing.

Wealth Tax 2025 Debate: U.S. Legal and Constitutional Challenges

Wealth Tax 2025 debate in the U.S. explores constitutional limits, federal authority, and potential court challenges.

lawdropusa.com

Q: What is a wealth tax?
A: A levy on net assets such as stocks, and cash holdings, rather than annual income.

Q: Is a wealth tax constitutional?
A: Opponents argue it violates apportionment rules; supporters claim the Sixteenth Amendment provides sufficient authority.

Q: Has the U.S. ever had a wealth tax?
A: No comprehensive federal wealth tax has been enacted, though estate and property taxes function similarly in scope.

Q: Why is the wealth tax 2025 debate significant?
A: It tests the balance between government taxing power and constitutional limits, with potential Supreme Court involvement.

Just doing some simple math.
If there is approximately $269T of "financial" wealth in the US, and the current Debt is $40T, and we want to pay that debt off in 8-years, that means a $5T tax or a ~2% wealth tax on all financial assets, but only for 8-years.
(it could be 1% over 16-years, if that is easier to sell)

View attachment 1228771

Problem solved. No debt, and no more borrowing.

Why not just divy up the debt and give everyone a bill.

Hi there, Mr. Family of four. You just got handed a bill for half a million.

And guess what. The government still won't stop spending.

So we'll be back for your next round long before you get this one paid off.

After all, Somalians need their Lexus'

 

[Lisa558]

^Half of adult Americans pay no federal income tax at all * Because they have no earned income * which means they are either living off savings or living off the state & federal government

People living off savings have investment income, which is taxable.

The ones living off of OTHER people’s earnings (the ones on government charity programs) should have 3% of their benefits withheld and the value sent to the IRS. One less candy bar and soda can a week won’t kill them.

 

[22lcidw]

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

If this event with Iran heads South, most likely we will become anti-Israel at some point. Rolling the dice. I do not appreciate people on TV telling me Iran has all of this weaponry in all ways when we constantly attack them. When they say they could build a number of nuclear weapons even after we destroy their capabilities. The costs are noticeable now and the price of energy is going through the roof.