Sanders, Khanna to propose federal billionaires' wealth tax

[rightwinger]

Like Stalin and Mao cared. DURR.

Actually Mandami is taking care of the people which enrages conservatives

 

[rightwinger]

How much wealth does someone making minimum wage produce?

Ask McDonalds

 

[BluesLegend]

How much wealth does someone making minimum wage produce?

These Dem parasites will make up all kinds of false narratives to justify stealing other people's money the scum! If they could they would take it all. Not a theory, they have proposed capping what everyone can make and seizing the rest.

 

[BluesLegend]

Actually Mandami is taking care of the people which enrages conservatives

Mandummy can you F himself and so can all of his mooching parasite supporters.

 

[rightwinger]

Mandummy can you F himself and so can all of his mooching parasite supporters.

Anyone who stands up for working Americans

 

[BluesLegend]

Anyone who stands up for working Americans

You MOOCHING PARASITE DEADBEATS take a giant shit on working Americans every day you lowlife tax and fee POS filth! There's nothing you losers don't tax and fee to death. Why don't you get up off your 300+ pounds of LARD and get a job and earn your own damn money you worthless thieves.

 

[Toddsterpatriot]

Ask McDonalds

You don't know? LOL!

 

[rightwinger]

You don't know? LOL!

Lot of money to be made by exploiting low wage labor

 

[rightwinger]

You MOOCHING PARASITE DEADBEATS take a giant shit on working Americans every day you lowlife tax and fee POS filth! There's nothing you losers don't tax and fee to death. Why don't you get up off your 300+ pounds of LARD and get a job and earn your own damn money you worthless thieves.

Workers are not mooching deadbeats

 

[Toddsterpatriot]

Lot of money to be made by exploiting low wage labor

How much?
How productive is a minimum wage worker?
Link?

 

[BluesLegend]

Workers are not mooching deadbeats

YOU are not workers. Come here simpleton...

 

[BackAgain]

It's doable but tough, and it really hinges on what most American voters want.

Why it could succeed

• Designable: A carefully targeted, low‑rate annual net‑wealth levy limited to ultra‑rich, with strong valuation rules and anti‑avoidance provisions, could be made administratively workable.
• Revenue potential: Estimates show multi‑trillion revenue over a decade if gaps are closed and compliance is high.
• Public support for addressing inequality: Political momentum and voter concern about billionaire wealth could sustain legislative action if framed to fund popular programs.

Major obstacles

• Political: Requires majorities in Congress and a president willing to sign—difficult under current polarization and without broad bipartisan buy‑in.
• Legal risk: Constitutional challenges (property takings, equal protection, taxing power) are likely and would require robust legal drafting; outcomes uncertain.
• Valuation & administration: Accurately valuing illiquid assets (private businesses, art) is complex and costly; enforcement capacity would need large expansion.
• Avoidance and migration: Wealth owners can reprice, expatriate, or restructure assets; cross‑border coordination and tough penalties would be needed to limit erosion.
• Economic and behavioral responses: Potential disincentives for investment or entrepreneurship are debated and depend on rates and exemptions.

Most realistic path to success
- Narrow scope (very high thresholds, e.g., ≥$1B), modest rates, clear valuation rules, strong penalties, phased implementation, linkage to specific popular spending, and international cooperation — combined with significant enforcement funding and legal safeguards.

Net: feasible in principle if politically prioritized and technically well designed, but high practical and political barriers make near‑term enactment unlikely without major shifts.

The Constitution allows for an income tax.

It has never allowed for any tax on accrued wealth. And, of course, it is a non-starter. Terrible idea.

 

[rightwinger]

How much?
How productive is a minimum wage worker?
Link?

McDonald’s makes billions off of them

 

[BackAgain]

McDonald’s makes billions off of them

Silly. LeftWhiner is demonstrating his lack of awareness of how the economic system works.

If they had to pay the fairly unskilled labor much more, McDonald’s would go out of business because fast food burgers already cost too much. Demand would disappear. And with the gutted demand, so too would go their profits.

And when they go belly up, there also goes the employment of all their unskilled labor much

 

[Lockback]

Silly. LeftWhiner is demonstrating his lack of awareness of how the economic system works.

If they had to pay the fairly unskilled labor much more, McDonald’s would go out of business because fast food burgers already cost too much. Demand would disappear. And with the gutted demand, so too would go their profits.

And when they go belly up, there also goes the employment of all their unskilled labor much

Leftists NEVER understand capitalism or free markets, which is why they look at communism and think that it makes sense.

 

[rightwinger]

Silly. LeftWhiner is demonstrating his lack of awareness of how the economic system works.

If they had to pay the fairly unskilled labor much more, McDonald’s would go out of business because fast food burgers already cost too much. Demand would disappear. And with the gutted demand, so too would go their profits.

And when they go belly up, there also goes the employment of all their unskilled labor much

Price of Big Macs has tripled
Worker pay has not

 

[Toddsterpatriot]

McDonald’s makes billions off of them

How many minimum wage workers do they employ?

Link?

 

[Lockback]

Price of Big Macs has tripled
Worker pay has not

No but it's increased dramatically in some areas in order to attract workers.

 

[BackAgain]

Price of Big Macs has tripled
Worker pay has not

Fake facts. No link. As usual.

There are many reasons that burger prices have gone up.

And the scheduled increases in minimum wages absolutely have a lot to do with increased costs.

Just to put to rest Leftwhiner’s false contention, it should be noted that California had a streak of ten consecutive years of minimum wage increases.

Minimum Wage Frequently Asked Questions

dir.ca.gov

 

[rightwinger]

Fake facts. No link. As usual.

There are many reasons that burger prices have gone up.

And the scheduled increases in minimum wages absolutely have a lot to do with increased costs.

Just to put to rest Leftwhiner’s false contention, it should be noted that California had a streak of ten consecutive years of minimum wage increases.

View attachment 1257491

Minimum Wage Frequently Asked Questions

dir.ca.gov

Has nothing to do with McDonalds low wage employees
Yea everything goes up
But low wage employees are left behind

CEOs got theirs