We are awash in money – our “leaders” just too chickenshit to go after any of it.
Take three minutes and watch this video.
Taxing the top 0.05% of Americans between 2% to 3% of their wealth would pay for many public services, including free public college – THREE TIMES OVER.
I support the concept of taxing “wealth” rather than things like progressive taxation, because the really wealthy do not live off of W2 income and trying to progressively tax their income when they don’t have “ordinary income” is silly. Wealth includes capital gains, carried interest charges, etc, that is not ordinary income and is not being taxed appropriately. At least Warren comprehends that.
Yeah, there is that little problem with the Constitution tho….
https://www.washingtonpost.com/outlook/elizabeth-warrens-popular-plan-to-tax-the-rich-is-probably-unconstitutional/2019/02/14/60195bc4-2fec-11e9-8ad3-9a5b113ecd3c_story.html
Imagine my shock to see that you linked to a legitimate article in a legitimate newspaper. An actual contribution to the discussion. I’m taken aback.
That praise aside, the impossible is always impossible up until the moment that it isn’t.
Again, at this stage we’re talking concepts, not unalterable pieces of legislation. Shows you’re scared, though. Don’t know why, unless you’re worth $50 million.
constitution.
Every time I see someone use this argument I remember fondly Rand Paul’s neighbor breaking the Senator’s ribs.
I can’t help what pops in my head! I even hear the word “constitution” in Rand Paul’s stupid fucking voice.
While the form in which this could be done may have constitutional issues, where there is a will there is a way. And that way could be as simple as broadening the definition of ordinary income to include (both long term and short term) capital gains, carried interest, etc.
Regardless, efforts to create more progressive tax rates for ordinary income is the wrong battle, because all the real wealth does not show up on a W2 or 1099-DIV. And that applies to state taxation as well. Tax proposals need to follow the money!
The constitution protects the right to spread measles and small pox!
Liberté! (Not so much the other two.)
https://www.washingtonpost.com/politics/sen-rand-paul-says-government-should-not-force-people-to-receive-vaccinations/2019/03/05/bfae6534-3f6e-11e9-9361-301ffb5bd5e6_story.html?noredirect=on&utm_term=.c8363a473eb3
“Impossible” and “mildly painful for very rich people” frequently get mixed up in the minds of the average conservative and many Democratic officeholders.