The Argument for A Wealth Tax

[Lesh]

Interesting idea. It would end a lot of debt and funding issues

Consider

US wealth inequality - top 0.1% worth as much as the bottom 90%

The top 1/10 of one per cent own almost 25% of the nation's wealth

That's the same amount of wealth as the bottom NINETY PER CENT of the county

In that light a 2% wealth tax isn't that outrageous

I haven't checked the numbers but I have read that it could provide 30 trillion dollars over 10 years.


Health care

Education

Green New Deal

 

[martybegan]

Interesting idea. It would end a lot of debt and funding issues

Consider

US wealth inequality - top 0.1% worth as much as the bottom 90%

The top 1/10 of one per cent own almost 25% of the nation's wealth

That's the same amount of wealth as the bottom NINETY PER CENT of the county

In that light a 2% wealth tax isn't that outrageous

I haven't checked the numbers but I have read that it could provide 30 trillion dollars over 10 years.


Health care

Education

Green New Deal

The argument against.

1) it's stupid
2) it would lead to massive needs for liquidation of fixed assets in some cases, which requires buyers, who would also probably be trying to liquidate assets
3) It's Unconstitutional at the Federal level.

 

[Norman]

Interesting idea. It would end a lot of debt and funding issues

Consider

US wealth inequality - top 0.1% worth as much as the bottom 90%

The top 1/10 of one per cent own almost 25% of the nation's wealth

That's the same amount of wealth as the bottom NINETY PER CENT of the county

In that light a 2% wealth tax isn't that outrageous

I haven't checked the numbers but I have read that it could provide 30 trillion dollars over 10 years.


Health care

Education

Green New Deal

Does the argument involve you moving to Venezuela?

Otherwise I am not interested.

 

[Harpy Eagle]

Interesting idea. It would end a lot of debt and funding issues

Consider

US wealth inequality - top 0.1% worth as much as the bottom 90%

The top 1/10 of one per cent own almost 25% of the nation's wealth

That's the same amount of wealth as the bottom NINETY PER CENT of the county

In that light a 2% wealth tax isn't that outrageous

I haven't checked the numbers but I have read that it could provide 30 trillion dollars over 10 years.


Health care

Education

Green New Deal

What percent of taxes do the .1% pay?

Where does “wealth” start?




Sent from my iPhone using USMessageBoard.com

 

[imawhosure]

Interesting idea. It would end a lot of debt and funding issues

Consider

US wealth inequality - top 0.1% worth as much as the bottom 90%

The top 1/10 of one per cent own almost 25% of the nation's wealth

That's the same amount of wealth as the bottom NINETY PER CENT of the county

In that light a 2% wealth tax isn't that outrageous

I haven't checked the numbers but I have read that it could provide 30 trillion dollars over 10 years.


Health care

Education

Green New Deal

Interesting idea. It would end a lot of debt and funding issues

Consider

US wealth inequality - top 0.1% worth as much as the bottom 90%

The top 1/10 of one per cent own almost 25% of the nation's wealth

That's the same amount of wealth as the bottom NINETY PER CENT of the county

In that light a 2% wealth tax isn't that outrageous

I haven't checked the numbers but I have read that it could provide 30 trillion dollars over 10 years.


Health care

Education

Green New Deal

What percent of taxes do the .1% pay?

Where does “wealth” start?




Sent from my iPhone using USMessageBoard.com

Lesh, what you read is absolutely wrong, or you misunderstood what it said.

If you CONFISCATE the wealth totally of people making over 5 million a year, you can't even pay off the national debt, which is far less than 30 trillion, so your math is off!

Also, are you and friends now suggesting double taxation? Understand this concept--------->every wealthy person who did NOT inherit their wealth but created it, paid the same tax rates we did/do, on their way up the ladder. Why is it now FAIR to tax their ACCUMULATED wealth that they already paid taxes on?

I know it sounds ridiculous, but if that was logical, then in a global society YOU would be taxed massively, because you live so much better than poor people across the planet. Wealth is perception, not reality. To poor people across this globe, you live a very rich life indeed!

Remember-------------->the poor in this country LIVE a better life than kings and queens of 150 years ago.

REALITY------------>transfer of wealth can NOT solve your desires, only the formation of capital to tax at reasonable rates can!

 

[Toddsterpatriot]

Interesting idea. It would end a lot of debt and funding issues

Consider

US wealth inequality - top 0.1% worth as much as the bottom 90%

The top 1/10 of one per cent own almost 25% of the nation's wealth

That's the same amount of wealth as the bottom NINETY PER CENT of the county

In that light a 2% wealth tax isn't that outrageous

I haven't checked the numbers but I have read that it could provide 30 trillion dollars over 10 years.


Health care

Education

Green New Deal

I haven't checked the numbers

You never do.

but I have read that it could provide 30 trillion dollars over 10 years.​

Let's check your silly claim.
Your article says top 0.1% is 160,000 families.
That means the top 1% is 1,600,000 families.
The graph in your shows the top 1% has an average wealth of about $14 million.
$14,000,000 times 1,600,000 = $22,400,000,000,000 ($22.4 trillion)
2% of the top 1%, not the top 0.1%, would provide $448 billion a year times 10 years = $4.48 trillion.

So, taxing ten times as many families as you wanted yields less than 15% what you "read".​

 

[Maxdeath]

Interesting idea. It would end a lot of debt and funding issues

Consider

US wealth inequality - top 0.1% worth as much as the bottom 90%

The top 1/10 of one per cent own almost 25% of the nation's wealth

That's the same amount of wealth as the bottom NINETY PER CENT of the county

In that light a 2% wealth tax isn't that outrageous

I haven't checked the numbers but I have read that it could provide 30 trillion dollars over 10 years.


Health care

Education

Green New Deal

You got to love it. I want healthcare, I want education, I want green. I just want someone other then me to pay for it.

Look at countries that have universal health care. They pay 50-60% taxes. They tax business at like 20%. Why is that? Because they are smart enough to realize that first off nothing is free. Two if you charge too much to business or the rich they will relocate either themselves or their assets.
If you look at those same countries they do not have private or semi private rooms. You usually have up to a six week wait to see a specialist and a year wait for non life threatening surgery. Those countries are seldom responsible for new medicines or breakthrough medical procedures.

If you think states will forego their taxes just because someone is paying higher federal taxes then you are delusional.

 

[Claudette]

From what I've read the top 1% pay as much as 60% of Fed taxes.

This article has it at 50%. Its a lot of taxes.

Top 1% pay nearly half of federal income taxes

 

[Mikeoxenormous]

Interesting idea. It would end a lot of debt and funding issues

Consider

US wealth inequality - top 0.1% worth as much as the bottom 90%

The top 1/10 of one per cent own almost 25% of the nation's wealth

That's the same amount of wealth as the bottom NINETY PER CENT of the county

In that light a 2% wealth tax isn't that outrageous

I haven't checked the numbers but I have read that it could provide 30 trillion dollars over 10 years.


Health care

Education

Green New Deal

The argument against.

1) it's stupid
2) it would lead to massive needs for liquidation of fixed assets in some cases, which requires buyers, who would also probably be trying to liquidate assets
3) It's Unconstitutional at the Federal level.

I have the OP Idiot on ignore, but will try to ask one simple question again.

WHY IS IT ALWAYS WE HAVE TO INCREASE TAXES ON THE RICH, BUT NEVER HAVE TO DECREASE THE SIZE OF THE OVERBLOATED, WORTHLESS GOVERNMENT, AND ITS BULLSHIT PROGRAMS, LIKE THE WAR ON POVERTY?

OPINION: It’s Time To Admit The Feds Are Making Poverty Worse — Not Better

In all, some 200 anti-poverty laws and related programs were enacted during Johnson’s administration. They now cost more than $1 trillion combined annually and represent the third most expensive government expenditure — exceeding national defense spending.

Stop paying people to sit on their lazy liberal asses, and put the money to the national debt, in 15 years, no more debt and unemployment would be nonexistent. And the Democrap Party would be a thing of the past...

 

[initforme]

Well if the top has all the wealth how do we expect the working people to pay? I'm NOT for the increased tax. But it's an observation. The wealthy will be just fine. It's the working middle and lower classes we need to worry about.

 

[bendog]

Interesting idea. It would end a lot of debt and funding issues

Consider

US wealth inequality - top 0.1% worth as much as the bottom 90%

The top 1/10 of one per cent own almost 25% of the nation's wealth

That's the same amount of wealth as the bottom NINETY PER CENT of the county

In that light a 2% wealth tax isn't that outrageous

I haven't checked the numbers but I have read that it could provide 30 trillion dollars over 10 years.


Health care

Education

Green New Deal

No personal attack intended, but your OP is imo self-contradictory. In the first half, you repeat the argument that Schultz, Bloomberg and myself find noxious. You wish to punish some people for actually succeeding. Schultz and Bloomberg (or Gates or Bezos) were not born to great wealth, and they actually represent what is still working in our economic system (as opposed to a Trump, or perhaps Mellon-Scafide or the Schlitz heirs). What have these people done that should be punished? On the contrary, they should be admired for providing jobs.

But in the second half you make the argument for more progressive taxes. Even the top .1% would benefit from a society where more people are educated to be better workers/citizens and raise healthy families. I'm not totally sold on the notion that earth will implode unless poor people are denied heat, and Japan shows science can run amuck, but coal is never clean

I wish the dems would just make their argument on the basis that we have to reduce deficits. But after 40 years of BOTH parties accepting supply side taxes that benefit the most those who make the most, why don't we try returning to the taxing the most wealthy (set your own level), and apply the proceeds to deficit reduction while capping spending, and see where that gets us before we look to actually cutting how much we spend per capita on mediciad, medicare and soc sec.

And no we aren't going to balance the budget by kicking out Mexicans or cutting for aid, but doing either is not necessarily a bad idea ... but for non-budgetary reasons

 

[bendog]

Interesting idea. It would end a lot of debt and funding issues

Consider

US wealth inequality - top 0.1% worth as much as the bottom 90%

The top 1/10 of one per cent own almost 25% of the nation's wealth

That's the same amount of wealth as the bottom NINETY PER CENT of the county

In that light a 2% wealth tax isn't that outrageous

I haven't checked the numbers but I have read that it could provide 30 trillion dollars over 10 years.


Health care

Education

Green New Deal

The argument against.

1) it's stupid
2) it would lead to massive needs for liquidation of fixed assets in some cases, which requires buyers, who would also probably be trying to liquidate assets
3) It's Unconstitutional at the Federal level.

I have the OP Idiot on ignore, but will try to ask one simple question again.

WHY IS IT ALWAYS WE HAVE TO INCREASE TAXES ON THE RICH, BUT NEVER HAVE TO DECREASE THE SIZE OF THE OVERBLOATED, WORTHLESS GOVERNMENT, AND ITS BULLSHIT PROGRAMS, LIKE THE WAR ON POVERTY?

OPINION: It’s Time To Admit The Feds Are Making Poverty Worse — Not Better

In all, some 200 anti-poverty laws and related programs were enacted during Johnson’s administration. They now cost more than $1 trillion combined annually and represent the third most expensive government expenditure — exceeding national defense spending.

Stop paying people to sit on their lazy liberal asses, and put the money to the national debt, in 15 years, no more debt and unemployment would be nonexistent. And the Democrap Party would be a thing of the past...

You need to run in Fla by telling seniors they are on welfare.

 

[Oddball]

Interesting idea. It would end a lot of debt and funding issues

Consider

US wealth inequality - top 0.1% worth as much as the bottom 90%

The top 1/10 of one per cent own almost 25% of the nation's wealth

That's the same amount of wealth as the bottom NINETY PER CENT of the county

In that light a 2% wealth tax isn't that outrageous

I haven't checked the numbers but I have read that it could provide 30 trillion dollars over 10 years.


Health care

Education

Green New Deal

Translation: Looting is A-OK if it's limited to the really, really rich neighborhood.

 

[Billy_Bob]

Interesting idea. It would end a lot of debt and funding issues

Consider

US wealth inequality - top 0.1% worth as much as the bottom 90%

The top 1/10 of one per cent own almost 25% of the nation's wealth

That's the same amount of wealth as the bottom NINETY PER CENT of the county

In that light a 2% wealth tax isn't that outrageous

I haven't checked the numbers but I have read that it could provide 30 trillion dollars over 10 years.


Health care

Education

Green New Deal

What are you going to do when all of "other peoples money" runs out and the system collapses under massive debt?

 

[Mikeoxenormous]

Interesting idea. It would end a lot of debt and funding issues

Consider

US wealth inequality - top 0.1% worth as much as the bottom 90%

The top 1/10 of one per cent own almost 25% of the nation's wealth

That's the same amount of wealth as the bottom NINETY PER CENT of the county

In that light a 2% wealth tax isn't that outrageous

I haven't checked the numbers but I have read that it could provide 30 trillion dollars over 10 years.


Health care

Education

Green New Deal

The argument against.

1) it's stupid
2) it would lead to massive needs for liquidation of fixed assets in some cases, which requires buyers, who would also probably be trying to liquidate assets
3) It's Unconstitutional at the Federal level.

I have the OP Idiot on ignore, but will try to ask one simple question again.

WHY IS IT ALWAYS WE HAVE TO INCREASE TAXES ON THE RICH, BUT NEVER HAVE TO DECREASE THE SIZE OF THE OVERBLOATED, WORTHLESS GOVERNMENT, AND ITS BULLSHIT PROGRAMS, LIKE THE WAR ON POVERTY?

OPINION: It’s Time To Admit The Feds Are Making Poverty Worse — Not Better

In all, some 200 anti-poverty laws and related programs were enacted during Johnson’s administration. They now cost more than $1 trillion combined annually and represent the third most expensive government expenditure — exceeding national defense spending.

Stop paying people to sit on their lazy liberal asses, and put the money to the national debt, in 15 years, no more debt and unemployment would be nonexistent. And the Democrap Party would be a thing of the past...

You need to run in Fla by telling seniors they are on welfare.

They are on Social Security that they paid into, people on welfare dont pay into shit..Stop the welfare and soon those shitholes will be working and putting money into their own Social Security. You are a worthless dumbass.

 

[Mikeoxenormous]

Interesting idea. It would end a lot of debt and funding issues

Consider

US wealth inequality - top 0.1% worth as much as the bottom 90%

The top 1/10 of one per cent own almost 25% of the nation's wealth

That's the same amount of wealth as the bottom NINETY PER CENT of the county

In that light a 2% wealth tax isn't that outrageous

I haven't checked the numbers but I have read that it could provide 30 trillion dollars over 10 years.


Health care

Education

Green New Deal

What are you going to do when all of "other peoples money" runs out and the system collapses under massive debt?

I have plenty of ammo for that day, when lazy ass liberals start to starve they do shit like burn cities. That is when it is open season....

 

[bendog]

Interesting idea. It would end a lot of debt and funding issues

Consider

US wealth inequality - top 0.1% worth as much as the bottom 90%

The top 1/10 of one per cent own almost 25% of the nation's wealth

That's the same amount of wealth as the bottom NINETY PER CENT of the county

In that light a 2% wealth tax isn't that outrageous

I haven't checked the numbers but I have read that it could provide 30 trillion dollars over 10 years.


Health care

Education

Green New Deal

The argument against.

1) it's stupid
2) it would lead to massive needs for liquidation of fixed assets in some cases, which requires buyers, who would also probably be trying to liquidate assets
3) It's Unconstitutional at the Federal level.

I have the OP Idiot on ignore, but will try to ask one simple question again.

WHY IS IT ALWAYS WE HAVE TO INCREASE TAXES ON THE RICH, BUT NEVER HAVE TO DECREASE THE SIZE OF THE OVERBLOATED, WORTHLESS GOVERNMENT, AND ITS BULLSHIT PROGRAMS, LIKE THE WAR ON POVERTY?

OPINION: It’s Time To Admit The Feds Are Making Poverty Worse — Not Better

In all, some 200 anti-poverty laws and related programs were enacted during Johnson’s administration. They now cost more than $1 trillion combined annually and represent the third most expensive government expenditure — exceeding national defense spending.

Stop paying people to sit on their lazy liberal asses, and put the money to the national debt, in 15 years, no more debt and unemployment would be nonexistent. And the Democrap Party would be a thing of the past...

You need to run in Fla by telling seniors they are on welfare.

They are on Social Security that they paid into, people on welfare dont pay into shit..Stop the welfare and soon those shitholes will be working and putting money into their own Social Security. You are a worthless dumbass.

My mistake for not realizing the disingenuously inflated figures came from including STATE funds not just FEDERAL funds - WHICH BTW IS WHAT THE THREAD IS ABOUT.
Why Trump's superfans dig Ocasio-Cortez

You worthless piece of shit.

 

[Mikeoxenormous]

Interesting idea. It would end a lot of debt and funding issues

Consider

US wealth inequality - top 0.1% worth as much as the bottom 90%

The top 1/10 of one per cent own almost 25% of the nation's wealth

That's the same amount of wealth as the bottom NINETY PER CENT of the county

In that light a 2% wealth tax isn't that outrageous

I haven't checked the numbers but I have read that it could provide 30 trillion dollars over 10 years.


Health care

Education

Green New Deal

The argument against.

1) it's stupid
2) it would lead to massive needs for liquidation of fixed assets in some cases, which requires buyers, who would also probably be trying to liquidate assets
3) It's Unconstitutional at the Federal level.

I have the OP Idiot on ignore, but will try to ask one simple question again.

WHY IS IT ALWAYS WE HAVE TO INCREASE TAXES ON THE RICH, BUT NEVER HAVE TO DECREASE THE SIZE OF THE OVERBLOATED, WORTHLESS GOVERNMENT, AND ITS BULLSHIT PROGRAMS, LIKE THE WAR ON POVERTY?

OPINION: It’s Time To Admit The Feds Are Making Poverty Worse — Not Better

In all, some 200 anti-poverty laws and related programs were enacted during Johnson’s administration. They now cost more than $1 trillion combined annually and represent the third most expensive government expenditure — exceeding national defense spending.

Stop paying people to sit on their lazy liberal asses, and put the money to the national debt, in 15 years, no more debt and unemployment would be nonexistent. And the Democrap Party would be a thing of the past...

You need to run in Fla by telling seniors they are on welfare.

They are on Social Security that they paid into, people on welfare dont pay into shit..Stop the welfare and soon those shitholes will be working and putting money into their own Social Security. You are a worthless dumbass.

My mistake for not realizing the disingenuously inflated figures came from including STATE funds not just FEDERAL funds - WHICH BTW IS WHAT THE THREAD IS ABOUT.
Why Trump's superfans dig Ocasio-Cortez

You worthless piece of shit.

Where do you think the state funds come from? Dumbass....

 

[Claudette]

Interesting idea. It would end a lot of debt and funding issues

Consider

US wealth inequality - top 0.1% worth as much as the bottom 90%

The top 1/10 of one per cent own almost 25% of the nation's wealth

That's the same amount of wealth as the bottom NINETY PER CENT of the county

In that light a 2% wealth tax isn't that outrageous

I haven't checked the numbers but I have read that it could provide 30 trillion dollars over 10 years.


Health care

Education

Green New Deal

Interesting idea. It would end a lot of debt and funding issues

Consider

US wealth inequality - top 0.1% worth as much as the bottom 90%

The top 1/10 of one per cent own almost 25% of the nation's wealth

That's the same amount of wealth as the bottom NINETY PER CENT of the county

In that light a 2% wealth tax isn't that outrageous

I haven't checked the numbers but I have read that it could provide 30 trillion dollars over 10 years.


Health care

Education

Green New Deal

What percent of taxes do the .1% pay?

Where does “wealth” start?




Sent from my iPhone using USMessageBoard.com

Lesh, what you read is absolutely wrong, or you misunderstood what it said.

If you CONFISCATE the wealth totally of people making over 5 million a year, you can't even pay off the national debt, which is far less than 30 trillion, so your math is off!

Also, are you and friends now suggesting double taxation? Understand this concept--------->every wealthy person who did NOT inherit their wealth but created it, paid the same tax rates we did/do, on their way up the ladder. Why is it now FAIR to tax their ACCUMULATED wealth that they already paid taxes on?

I know it sounds ridiculous, but if that was logical, then in a global society YOU would be taxed massively, because you live so much better than poor people across the planet. Wealth is perception, not reality. To poor people across this globe, you live a very rich life indeed!

Remember-------------->the poor in this country LIVE a better life than kings and queens of 150 years ago.

REALITY------------>transfer of wealth can NOT solve your desires, only the formation of capital to tax at reasonable rates can!

I agree. I've read that the top 1% pay 60% of the Fed taxes payed.

This article says its 50%/

Top 1% pay nearly half of federal income taxes

 

[Remodeling Maidiac]

Interesting idea. It would end a lot of debt and funding issues

The left love them some theft!

What ever happened to equal treatment under the law?


Scumbag thieves