Elizabeth Warren revives campaign idea, proposes wealth tax on 'ultra-millionaires', along with co-sponsor, Seattle Congresswoman Pramila Jayapal

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basquebromance

basquebromance

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with any luck, Warren will be president one day...but yeah, luck, she'll need a lot of that
 
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basquebromance

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Pocahontas has to prove it that this will work...until then, i'm voting against it when it comes up for a Senate vote
 

Turtlesoup

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someone tell Pocahontas wealth is a good thing!

Warren is an EXTORTIONIST-----------she proposes these regulations that will bankrupt whoever she is targeting, and then drops them or puts loopholes in IF THEY DONATE TO HER GREEDY ASS.
 

Anathema

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Not a chance in Hell. Even if it were to pass, the only thing it’s oils do is to move the wealth and citizenship (and possibly businesses) of the ultra/wealthy out of the United States permanently.
 

SassyIrishLass

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Fauxahontas is a fraud and one sly but stupid bitch
 

Jets

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Congress can pass it via legislation, but the Supreme Court would likely rule it unconstitutional.
 

andaronjim

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someone tell Pocahontas wealth is a good thing!

At one time, it was just millionaires people like Fauxahontas and crazy Bernie were attacking. Now that they have their millions, now it is the ultra.....Stupid fucks who vote Prog Democraps...
 

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The three Democrats unveiled the Ultra-Millionaire Tax Act on Monday morning. It would levy a 2% annual tax on the net worth of households and trusts between $50 million and $1 billion as well as a 1% annual surtax on assets above $1 billion, for a 3% tax overall on billionaires.
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they wouldn't even miss it.
 

protectionist

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The three Democrats unveiled the Ultra-Millionaire Tax Act on Monday morning. It would levy a 2% annual tax on the net worth of households and trusts between $50 million and $1 billion as well as a 1% annual surtax on assets above $1 billion, for a 3% tax overall on billionaires.
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they wouldn't even miss it.
If that is what the %s are, then you're right. they would hardly notice it. Warren and other Democrats wouldn't propose a large tax on millionaires, because they would lose a lot of support >> movie stars, pro atheletes, all the Wall St millionaires who donated to Hillary Clinton & Biden, big tech, etc
 
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basquebromance

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FOX News reports:

The 100 richest Americans would see their collective fortune shrink by $78 billion each year under a wealth tax introduced Monday by Sen. Elizabeth Warren and her progressive allies, according to a new analysis by Bloomberg News.

The proposal, known as the "Ultra-Millionaire Tax," would impose a 2% annual tax on the net worth of U.S. households $50 million and above, and would add an additional 1% levy on fortunes exceeding $1 billion. It's nearly identical to the wealth tax that Warren introduced during her 2020 presidential campaign.

That would mean Amazon founder Jeff Bezos, the richest person in the world, would pay an additional $5.4 billion in taxes if President Biden signed the legislation into law, according to an updated wealth tax calculator released by Warren. Tesla CEO Elon Musk would also owe roughly $5.4 billion in taxes, while Microsoft founder Bill Gates' tax bill would increase by about $4.1 billion. Facebook CEO Mark Zuckerberg would have to fork over an additional $3 billion.
 

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