Elizabeth Warren flat out lies about middle-income workers not having massive tax increases. Of course, that far left believes her and follows blindly.
In her plan.
First, the confiscation of wealth is unconstitutional unless by due process. She'd have to sue each person to confiscate these dollars.
"Warren is calling to double her wealth tax on billionaires, so they’d owe 6% on their accumulated wealth more than $1 billion. She’d previously proposed a 3% tax on assets more than $1 billion. A 2% tax would still kick in on fortunes worth more than $50 million."
Here she unabashedly stating that middle-income workers do not have any investments. They own nothing in stocks, they do not buy and sell real estate. A flat out lie!
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Capital Gains
Warren’s plan would also effectively get rid of any tax advantages for capital gains income. She’s calling to raise the capital gains tax rate -- currently at 23.8% -- to match the top rate on wages, which is currently at 37% but would likely go up under a Warren administration."
Here is another tax that would affect ALL who invest in stocks, bonds or other securities.
"Investors would also get hit when they buy or sell stock, bonds or other securities. Warren would tax those transactions at 0.1% -- a levy that would especially hit day traders and money managers that frequently re-balance their portfolios.
She also wants to increase IRS audits, which is fine with me, but she is saying that this will NOT affect middle-income workers which is foolish.
"Warren also relies on greatly expanded Internal Revenue Service audits to generate $2.3 trillion in revenue over a decade. She says these audits would collect tax revenue owed, but not collected, under current law."
Bloomberg - Are you a robot?
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Sen. Warren obviously knows that her followers are far too ignorant to realize that a new Medicare contribution would come from the employer and not cost the employee. If those ignorant workers believe that, they also believe that half of the Social Security contribution is also paid by the employer, out of their pocket, and costs the employee nothing. Are there people who are really that naive?
"A new employer Medicare contribution to raise $8.8 trillion, which the campaign says would save companies $200 billion relative to what they would have shelled out under the current system"
Elizabeth Warren says she would not raise middle-class taxes for $52 trillion health-care plan
Obviously, Elizabeth Warren hopes to give Chris Angel a run for his money after the election!