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How are you going to get every person in the US to file an asset listing yearly? dkf Jan 2013 #1
If it's such an onerous task Cirque du So-What Jan 2013 #9
what if you own bigapple1963 Jan 2013 #10
I don't know & I don't care Cirque du So-What Jan 2013 #12
Try cleaning up someone's estate. It's a huge pain. dkf Jan 2013 #17
For gods sake, it's in their insurance records! grahamhgreen Jan 2013 #30
Because people insure everything they own. dawg Jan 2013 #39
They overestimate, because they are dishonest, which is how grahamhgreen Jan 2013 #74
"hoard the foods???" n't a geek named Bob Jan 2013 #103
goods. There's plenty of gov't computing power to record insurance, real estate taxes, stock gains leveymg Jan 2013 #128
I disagree... You're simply penalizing savers... a geek named Bob Jan 2013 #130
We agree! Let's go back to the FDR taxes - 90 percent on $1 million or above. leveymg Jan 2013 #135
that's not even a half-arsed try at a redirect... a geek named Bob Jan 2013 #136
What do you know about half-arsed tries? ;-) leveymg Jan 2013 #141
No it isn't. All the financial stuff is who knows where. dkf Jan 2013 #40
Uh, no. Most people have not kept insurance valuations current pnwmom Jan 2013 #94
OMG. No one knows the value of their toys more than the hoarding class. grahamhgreen Jan 2013 #120
That's what I immediately thought of, too. n/t pnwmom Jan 2013 #92
It's not supporting the rich. It's supporting savers versus spenders. dawg Jan 2013 #41
"I don't know & I don't care" oldhippie Jan 2013 #51
I'll take punchlines for $800, Alex Fla_Democrat Jan 2013 #117
"I don't know and I don't care" naaman fletcher Jan 2013 #69
Try documenting and valuing everything you own. dkf Jan 2013 #15
and bigapple1963 Jan 2013 #21
It would be an administrative nightmare. dawg Jan 2013 #26
the wealthy have tons on money locked up in paintings ... but imagine the industry such a law will srican69 Jan 2013 #32
You got one word wrong there. dawg Jan 2013 #34
While I'm Not Going to Disagree With You But, How Would That Work? dballance Jan 2013 #2
every time wealth tax proposed here, every time cite 5th Amendment... AngryAmish Jan 2013 #3
How about a 10 million threshold or a 100 million .. srican69 Jan 2013 #14
There's really no reason to not plan for inheritance taxes TexasBushwhacker Jan 2013 #149
is this on bigapple1963 Jan 2013 #4
In some instances dipsydoodle Jan 2013 #5
Exactly. Savers would suffer. Spenders would be untouched. mainer Jan 2013 #7
intention is not punish savers .. but to get those who have gotten really wealthy to do their bit srican69 Jan 2013 #13
This is what the estate tax is for. dawg Jan 2013 #42
The bar needs to be over a million spinbaby Jan 2013 #16
agreed ... the number is besides the main point srican69 Jan 2013 #19
The number is NOT besides the main point mainer Jan 2013 #24
small business owner is Republicanese for corporation CE5 Jan 2013 #50
It's not a buzzword -- small businesses really do exist starroute Jan 2013 #54
I'm a small business owner mainer Jan 2013 #56
My husband is self-employed. Can't get a smaller business than that. (And yes, it is a business.) GreenPartyVoter Jan 2013 #127
Sure make the bar 50 million and adjust for inflation grahamhgreen Jan 2013 #35
Would also tax dipsydoodle Jan 2013 #23
Like everything else is. grahamhgreen Jan 2013 #36
like you pay income tax on full income ( after fica tax has been paid)? ... then Yes srican69 Jan 2013 #37
Would also probably be unconstitutional without an Amendment. dairydog91 Jan 2013 #46
You mean like my spending money from my wages is taxed twice? Starry Messenger Jan 2013 #105
That might depend on what you buy. dipsydoodle Jan 2013 #106
Like what? Starry Messenger Jan 2013 #108
so sad bigapple1963 Jan 2013 #6
The US is a third world country. Just look at our elections, healthcare, poverty. Scuba Jan 2013 #43
Third world country Lurker Deluxe Jan 2013 #125
Perhaps you need to visit southern Mississippi or rural Wisconsin... Scuba Jan 2013 #126
I used to travel alot Lurker Deluxe Jan 2013 #129
You don't get it. "No running water, no sewage systems" etc is true for lots of Americans. Scuba Jan 2013 #131
Kinda like the Lurker Deluxe Jan 2013 #132
If they stopped with the false equivalencies, they wouldn't have much to work with... a geek named Bob Jan 2013 #138
Something like what you said ... in the early years it was not as much of a problem, but RKP5637 Jan 2013 #8
That's what inheritance taxes were/are for, and that's why it needs to be tightened Egalitarian Thug Jan 2013 #11
I don't worry about income disparity ... holdencaufield Jan 2013 #18
very funny ... srican69 Jan 2013 #20
The word "obtuse" comes to mind. Wednesdays Jan 2013 #57
Tax people on the increase in their wealth. dawg Jan 2013 #22
At 65, with an expected lifespan of 85, assets of a million... mainer Jan 2013 #25
Does Costco sell caviar? holdencaufield Jan 2013 #27
And that's if you want to leave *nothing* for your children. dawg Jan 2013 #28
I have elderly relatives who have a "net worth" of more than half a million, because of their house, Nye Bevan Jan 2013 #31
Did you ever look at the net worth of members of Congress and the Senate? Nye Bevan Jan 2013 #29
DING DING DING ..... That is the final word on this thread .. srican69 Jan 2013 #33
Tax on over50 mil in assets would simply be a claw back on stolen money, IMHO grahamhgreen Jan 2013 #38
If someone dies with a $50 million dollar estate, we'll get a pretty big chunk of that. dawg Jan 2013 #44
I thought the "death tax" was nullified during Shrub's reign Wednesdays Jan 2013 #59
Only for one year. dawg Jan 2013 #62
We should 40 million as payback to the society that generated the wealth, I believe. grahamhgreen Jan 2013 #73
I think 50% over $5 million would be about right. dawg Jan 2013 #82
So Nancy Pelosi is a thief? Nye Bevan Jan 2013 #75
Yep, all those huge piles of idle money need to be fragmented and put back in circulation. bemildred Jan 2013 #45
Several Facts, Sir, Before This Is Spun Completely Up Its Fundament... The Magistrate Jan 2013 #47
amen.. srican69 Jan 2013 #48
In a nation in which Walmart is the largest employer ANY accumulated wealth is disproportionate Demo_Chris Jan 2013 #52
how bigapple1963 Jan 2013 #66
You Might As Well Argue From Superlative Athletes, Sir The Magistrate Jan 2013 #70
hm... bigapple1963 Jan 2013 #79
So You Concede You Cannot Defend the Actual Distribution of Wealth, Sir The Magistrate Jan 2013 #81
ok bigapple1963 Jan 2013 #83
You Are No Better At Expressing An Opponent's Points Than At Anything Else, Sir The Magistrate Jan 2013 #86
Oh, Well Done Sir! bemildred Jan 2013 #159
I agree. Tax wealth in whatever way we can. Demo_Chris Jan 2013 #49
Wouldn't that encourage accelerated production NoOneMan Jan 2013 #53
This thread sulphurdunn Jan 2013 #63
do you mean that bigapple1963 Jan 2013 #68
No sulphurdunn Jan 2013 #88
"There is no direct correlation between taxation and production" NoOneMan Jan 2013 #72
Who said anything sulphurdunn Jan 2013 #90
So, yes, you think the wealthy will not use their capital to adjust to this continuous wealth tax? NoOneMan Jan 2013 #95
No sulphurdunn Jan 2013 #98
By increasing the velocity of capital in the system NoOneMan Jan 2013 #99
I really don't sulphurdunn Jan 2013 #111
"but if it did that would be fine with me" NoOneMan Jan 2013 #112
You are suggesting sulphurdunn Jan 2013 #114
"if we make them poorer they will actually have fewer resources with which to kill us all" NoOneMan Jan 2013 #116
We already possess sulphurdunn Jan 2013 #121
Now thats a romantic cultural narrative NoOneMan Jan 2013 #124
Is it your position sulphurdunn Jan 2013 #134
Post removed Post removed Jan 2013 #139
I posit that we need to scale back our consumption and growth or we will die NoOneMan Jan 2013 #144
Its my position that if we knew better, NoOneMan Jan 2013 #143
I am very sympathetic sulphurdunn Jan 2013 #150
And I am to yours NoOneMan Jan 2013 #154
The world sulphurdunn Jan 2013 #156
It doesn't need you to advocate for it NoOneMan Jan 2013 #157
Sad but true. AverageJoe90 Jan 2013 #152
Until I see real world proof... NoOneMan Jan 2013 #155
All biological activity sulphurdunn Jan 2013 #158
The ecosystem is a necessary system for life NoOneMan Jan 2013 #160
You are correct sulphurdunn Jan 2013 #164
"climate change may be averted" NoOneMan Jan 2013 #165
I definitely support this in theory, but the devil is in the enforcement details Wednesdays Jan 2013 #55
That would destroy many urban fringe farmers and small businesses. Xithras Jan 2013 #58
In practice this is probably not true Demo_Chris Jan 2013 #91
How many farmers do you know? mainer Jan 2013 #163
We should remind them that Lenin seized the White Russians' assets Taverner Jan 2013 #60
That's why it's been drummed into all of us for 130 years Wednesdays Jan 2013 #65
I think you hit on the winning argument: "Not as bad as the bolshevik revolution". (nt) Nye Bevan Jan 2013 #84
This will go a long way towards getting our deficit under control. Undaunted Jan 2013 #61
A Sales Tax with Exemptions for Food, Healthcare, Education, Clothing, and Housing Would Be Better Yavin4 Jan 2013 #64
The state I grew up in had sales tax exemptions for food and medicine Wednesdays Jan 2013 #67
exemptions up to a certain amount perhaps Demo_Chris Jan 2013 #89
Tax all money the same: income, dividends and capital gains. nt abelenkpe Jan 2013 #71
Real estate? Farmland? These are all forms of wealth mainer Jan 2013 #76
Hence the adsurdity of the suggestion dipsydoodle Jan 2013 #107
Farmers are already payiing tax on their land, tractors, Downwinder Jan 2013 #146
I suspect a "wealth tax" would be ... 1StrongBlackMan Jan 2013 #77
one bigapple1963 Jan 2013 #78
Yes ... 1StrongBlackMan Jan 2013 #80
hm... bigapple1963 Jan 2013 #85
Okay ... 1StrongBlackMan Jan 2013 #87
Every business owner faces the same risks, but only the investor class enjoys low taxes on the profi Demo_Chris Jan 2013 #93
The vast majority of people hit by a wealth tax would be retirees, who are already pnwmom Jan 2013 #96
This already exists Spider Jerusalem Jan 2013 #97
"why should an American citizen..." NoOneMan Jan 2013 #100
Which is why I think the US should do what France has done. Spider Jerusalem Jan 2013 #102
Thatd work for me! NoOneMan Jan 2013 #104
Totally agree... Deep13 Jan 2013 #101
Hear! Hear! indepat Jan 2013 #109
Please define "wealthy" mainer Jan 2013 #110
If you have assets worth 1 million you are WEALTHY Demo_Chris Jan 2013 #115
And the retiree whose wealth is all tied up in his home... mainer Jan 2013 #118
He can sell his million dollar home and buy an entire street in most of the country. Demo_Chris Jan 2013 #147
I don't know where you live in the country mainer Jan 2013 #162
Psssssssst Fla_Democrat Jan 2013 #133
I'll leave you to do the math as far as how many centuries it would take Demo_Chris Jan 2013 #148
I'm a socialist - of course we should tax wealth OutNow Jan 2013 #113
+1 Starry Messenger Jan 2013 #119
Wealth Lurker Deluxe Jan 2013 #122
well, yeah. What you said. mainer Jan 2013 #123
It's an old trick, from a 165 year old playbook... n/t a geek named Bob Jan 2013 #140
Don't be confused - you are not rich OutNow Jan 2013 #142
Funny Lurker Deluxe Jan 2013 #145
Ah, but some people here do consider him rich mainer Jan 2013 #161
Terrible Idea - Will Never Happen FreeJoe Jan 2013 #137
yes yes yes limpyhobbler Jan 2013 #151
Tax the rich? No way Jose. tama Jan 2013 #153
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