TNHarley
Diamond Member
- Sep 27, 2012
- 94,115
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yeah, cause thats what would happenWe will need to pay off debt somehow.
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yeah, cause thats what would happenWe will need to pay off debt somehow.
someone says hey I'll give you ten bucks to cut my lawn and I cut the lawn, it's my time for the service I provided that that person agreed to pay me. No fking third party.Whether a third party thinks you've "earned" it or not is irrelevant. As long as your wealth was accrued through voluntary exchange (and not fraud or other coercion) the state has no justification for taking it.
BTW, it doesn't matter how long it took me to cut it. No time constraints, and the mower I use can be a push mower, electric, gas, doesn't matter. The lawn got cut.someone says hey I'll give you ten bucks to cut my lawn and I cut the lawn, it's my time for the service I provided that that person agreed to pay me. No fking third party.Whether a third party thinks you've "earned" it or not is irrelevant. As long as your wealth was accrued through voluntary exchange (and not fraud or other coercion) the state has no justification for taking it.
Exactly. But libs want something different. They want to use the taxation power to pursue social engineering goals.
If it's true average Americans pay tax on half their wealth, Warren's proposal would require the one percent to pay taxes at closer to the same rate.Those property taxes are levied by the state not the federal government and that landlord gets to take a deduction on his federal taxes for his state real estate taxes.
A wealth tax could be written to target the one percent without affecting middle class retirements. Do you believe those who own IRAs and 401ks should be exempt from paying sales taxes?And why do you want people to pay property taxes on their IRAs and 401Ks?
Capitalism isn't working for billions of people on this planet.Like what?
Socialism? Communism?
We all know how well those work don't we?
In fact, there is.There is nothing stopping you or anyone else from improving their financial situation.
Which economic sanctions could government inflict to discourage that? How would billionaires take their real estate with them? How about their other assets or access to the US banking system?hose 650 billionaires would become expats overnight.
Ever hear of off shoring your assets. Can't talk to a moron. All they do is ask stupid, obvious questions. Democrats, pfffft.Which economic sanctions could government inflict to discourage that? How would billionaires take their real estate with them? How about their other assets or access to the US banking system?hose 650 billionaires would become expats overnight.
Do you see any reason why all billionaires should not be taxed into millionaire status?Until the tax starts to creep to include more and more people. And it will.
Many reasons, both moral and practical - yes.Do you see any reason why all billionaires should not be taxed into millionaire status?Until the tax starts to creep to include more and more people. And it will.
Capitalism is a zero-sum game.Many reasons, both moral and practical - yes.
How many times do you have to be told that the average American is NOT taxed on his wealth?If it's true average Americans pay tax on half their wealth, Warren's proposal would require the one percent to pay taxes at closer to the same rate.Those property taxes are levied by the state not the federal government and that landlord gets to take a deduction on his federal taxes for his state real estate taxes.
Warren Revives Wealth Tax, Citing Pandemic Inequalities
"Ms. Warren’s wealth tax would apply a 2 percent tax to individual net worth — including the value of stocks, houses, boats and anything else a person owns, after subtracting out any debts — above $50 million.
"It would add an additional 1 percent surcharge for net worth above $1 billion."
Do you see any reason why all billionaires should not be taxed into millionaire status?Until the tax starts to creep to include more and more people. And it will.
Consumer debt is a choice.In fact, there is.There is nothing stopping you or anyone else from improving their financial situation.
Finance capitalism is strangling the productive economy with debt. How does one improve their financial condition by acquiring more debt?
2021 Consumer Debt Statistics | Lexington Law
No thanksCapitalism isn't working for billions of people on this planet.Like what?
Socialism? Communism?
We all know how well those work don't we?
One of the big reasons for its failures is the way it divides society into two unequal classes: owners and workers. Feudalism and slavery divided their societies in a similar fashion: masters and slaver; lords and serfs. Socialism has the potential to bring democracy to the work place, something capitalism can never accomplish.
yeah, cause thats what would happenWe will need to pay off debt somehow.
Capitalism isn't working for billions of people on this planet.Like what?
Socialism? Communism?
We all know how well those work don't we?
One of the big reasons for its failures is the way it divides society into two unequal classes: owners and workers. Feudalism and slavery divided their societies in a similar fashion: masters and slaver; lords and serfs. Socialism has the potential to bring democracy to the work place, something capitalism can never accomplish.
A wealth tax could be written to target the one percent without affecting middle class retirements. Do you believe those who own IRAs and 401ks should be exempt from paying sales taxes?And why do you want people to pay property taxes on their IRAs and 401Ks?
"we like this tax so much, lets keep it! And then unconstitutionally add an amendment to the Constitution!"yeah, cause thats what would happenWe will need to pay off debt somehow.
Remember when Income Tax was "temporary"?