Leftists are salivating - drooling - for a wealth tax

[Dorian Mode]

The rich 'sow' their money in hopes of a bigger yield. Those who receive that money, through wages, have the opportunity to save or spend it for their own benefit. No need to return it to the investor.

Actually it's not the rich that manage their money as investments, it's smart people that manage their money this way. That's how smart people become rich, they spend money on things that increase in value, like securities, property, etc. Stupid people waste their money on things that create no value, like drugs and donating to the DNC and ActBlue.

 

[Woodznutz]

Good
Stuff your money in a mattress and you will pay nothing
Move it around and pay a small fee

No worries. There will be no wealth tax.

 

[rightwinger]

No worries. There will be no wealth tax.

We all know that is because of the Golden Rule

He who has the Gold makes the rules

 

[Dorian Mode]

No worries. There will be no wealth tax.

Even if the left do somehow cheat their way back in to power, they will never raise taxes on the billionaire class. But they will threaten it as a shakedown to extract more money out of them for campaign donations. They were famous for this back in the 90's and went after Microsoft, Monsanto, and a few pharmaceuticals and Wall St. banks. Then as soon as these companies started donating heavily to the democrats and not to the GOP they stopped and the left was no longer allowed to criticize these companies. Now the left adores them and their shady business tactics. It's never really about doing good, it's always about money and power with these neo-leftists.

 

[forkup]

^^ Forkup
A wealth tax would act the same way as property taxes, which are about the most unfair tax that there is. The government steals money based on "market price" of my house, which goes up every year.

You can't tax unrealized gains. Can't do it! It's theft.

And yes, I'm very aware of the tax cuts that the republicans (and some democrats) gave to the wealthy over the years.

Raise the rates on anyone making more than $1M a year.

You are aware but start an OP singeling out the ideological side that actually wants to at least have the outcome you prefer?

Help me understand.

There are 2 parties. One of them believes, and runs on taxing rich people. The other believes and runs on the notion that if you stop taxing rich people at some point they will use that extra money to employ more people instead of increasing their profit margin. Something you recognize for the BS it is.

But your main problem is that he party that wants to tax rich people aren't doing it in a way you like. Make that make sense please.

 

[citygator]

Mr. Musk became a trillionaire (on paper) yesterday when his Space X company became public.

AOC, Bernie, and many lesser known socialists are just drooling for a wealth tax so they can swoop in and steal 5% of his wealth and redistribute it.



Now, I'm not going to tell you that the super rich don't need to pay more. THEY DO. Raise the freaking tax rates on the wealthy - but do it on earned income, capital gains, and so forth.... the way they have done it for a long time. Raise the rates.

What the left is proposing with these "wealth taxes" is theft. And rest assured, after they get their 5% this time, they will be back for more, soon enough.

I like the idea. Debt is too big. It was made on the backs of people getting rich who didnt pay enough taxes... go get it. There is no other solution to the crazy debt.

 

[Woodznutz]

I like the idea. Debt is too big. It was made on the backs of people getting rich who didnt pay enough taxes... go get it. There is no other solution to the crazy debt.

Cut spending. If I can eat for $100/month so can SNAP recipients. The less you eat the healthier you'll be. This will also reduce government supported healthcare costs.

Reducing appeals will lower the cost of government paid legal services.

Reducing most government welfare programs will save a bundle. However, awarding government building contracts will provide employment and increased tax revenue.

Public schools are a great place to save tax dollars as well. Uniforms and strict discipline will raise grades and retain good teachers, thus lowering school costs. This will result is less federal dollars going to the state's educational programs.

Lowering the interest rate and tighten up on credit is probably the best way to pay down the debt. This will encourage borrowing for commercial purposes but discourage investment simply for the earned interest.

So many ways to balance budgets and pay down the debt.

 

[citygator]

Cut spending. If I can eat for $100/month so can SNAP recipients. The less you eat the healthier you'll be. This will also reduce government supported healthcare costs.

Reducing appeals will lower the cost of government paid legal services.

Reducing most government welfare programs will save a bundle. However, awarding government building contracts will provide employment and increased tax revenue.

Public schools are a great place to save tax dollars as well. Uniforms and strict discipline will raise grades and retain good teachers, thus lowering school costs. This will result is less federal dollars going to the state's educational programs.

Lowering the interest rate and tighten up on credit is probably the best way to pay down the debt. This will encourage borrowing for commercial purposes but discourage investment simply for the earned interest.

So many ways to balance budgets and pay down the debt.

That doesn solve $2T annual deficit and eliminate $40T in debt. You have to be pretty uniformed to think you run up $40T in debt and it all went to poor people. Newsflash: It went to the rich.

 

[Woodznutz]

That doesn solve $2T annual deficit and eliminate $40T in debt. You have to be pretty uniformed to think you run up $40T in debt and it all went to poor people. Newsflash: It went to the rich.

Tools are limited to fix the budget and debt.

Taxes.
Budget.
Interest rates.
Regulations.
Commerce laws.

The people won't lift a finger to help even though much of the spending benefits them.

We live in a high cost, high maintenance world. We have to pony up our share of the costs or go live on a mountaintop somewhere.

 

[Dorian Mode]

Tools are limited to fix the budget and debt.

Taxes.
Budget.
Interest rates.
Regulations.
Commerce laws.

The people won't lift a finger to help even though much of the spending benefits them.

We live in a high cost, high maintenance world. We have to pony up our share of the costs or go live on a mountaintop somewhere.

People have to realize that we will NEVER repay the national debt. The national debt will go as high as possible until it becomes necessary to default and start the whole Ponzi scheme over again. Can you imagine if the GOP were able to chop 10 trillion from the debt and then the dumocraps cheat their way into power again? They would immediately spend 10 trillion plus. My advice to the GOP is rack up the national debt as much as possible by investing in things that benefit the GOP and red states. If we don't the dumocraps will spend it on Learing Centers.

 

[Lockback]

People have to realize that we will NEVER repay the national debt. The national debt will go as high as possible until it becomes necessary to default and start the whole Ponzi scheme over again. Can you imagine if the GOP were able to chop 10 trillion from the debt and then the dumocraps cheat their way into power again? They would immediately spend 10 trillion plus. My advice to the GOP is rack up the national debt as much as possible by investing in things that benefit the GOP and red states. If we don't the dumocraps will spend it on Learing Centers.

That's a brilliant take.

 

[ThisIsMe]

Mr. Musk became a trillionaire (on paper) yesterday when his Space X company became public.

AOC, Bernie, and many lesser known socialists are just drooling for a wealth tax so they can swoop in and steal 5% of his wealth and redistribute it.



Now, I'm not going to tell you that the super rich don't need to pay more. THEY DO. Raise the freaking tax rates on the wealthy - but do it on earned income, capital gains, and so forth.... the way they have done it for a long time. Raise the rates.

What the left is proposing with these "wealth taxes" is theft. And rest assured, after they get their 5% this time, they will be back for more, soon enough.

I think any lawmaker who is suggesting a wealth tax should have to also pay whatever percentage they agree to, out of their own pay.

They should have to live with the rules they make

 

[ThisIsMe]

A wealth tax will crash the market and increase government abuse of taxes like we see in CA and Minn

A wealth tax will solve nothing. Government will just find new ways to blow it

 

[ThisIsMe]

Tax where the money is

View attachment 1268674

What your meme means to say is “this is not what socialism looks like”

 

[Lockback]

A wealth tax will solve nothing. Government will just find new ways to blow it

It's what government does.

 

[Dorian Mode]

People have to realize that we will NEVER repay the national debt. The national debt will go as high as possible until it becomes necessary to default and start the whole Ponzi scheme over again. Can you imagine if the GOP were able to chop 10 trillion from the debt and then the dumocraps cheat their way into power again? They would immediately spend 10 trillion plus. My advice to the GOP is rack up the national debt as much as possible by investing in things that benefit the GOP and red states. If we don't the dumocraps will spend it on Learing Centers.

If the national debt actually mattered to either party, they would have capped it at some level that is reasonable and then made a law to pay it down over a certain time. The national debt is just a political talking point to con the public into thinking the government cares about the taxpayers. It doesn't.

 

[Failzero]

The Marxist / Islamist / Hollywood / Sports / DC Swamper alliance has plans for us

 

[ThisIsMe]

A wealth tax is just one component of what needs to be a complete reorienting of how revenue for the government is collected and how it is spent. The way we do those things currently is unsustainable and inevitably will lead to our country's demise.

So cut spending. That’s the answer, not taking more money. We’ve already seen that government won’t spend the money wisely. Why would you want them to take more of it?

 

[Mashmont]

Tax where the money is

View attachment 1268674

It's exactly what democracy looks like. People are free to go out and earn money. Most choose not to. Just like most choose not to lose weight.

 

[ThisIsMe]

Of course we don’t tax wealth
That is why that one percent don’t pay taxes….they don’t claim income

Do you just look at their wealth and just take some?
Of course not.

But you can tax every time they move it
Stock transactions, real estate sales, money transfers

Essentially a sales tax on the wealthy

Why? Unless they receive it as income, why tax it? What difference does it make if I have 20 billion in stocks that’s just sitting there but I don’t use it? If I cash some of that stock out, then yes, they can tax it, but if it’s just sitting there, why tax it?