Why Is Taxing Wealth Accumulators Like Workers Never Discussed?

[DanieRains]

Elizabeth and Bernie have mentioned it a couple times, but it is like taboo.

Total silence, when we just added $8 trillion to the debt in 4 years, and more coming.

The 1% are still raking it in.

Wake the f up folks.

Why the silence?

[Walleye]

1. Maybe there is a constitutional issue with taxing assets?

[safeinOhio]

12. It is use for local

property tax. I don’t see a problem.

[Leith]

13. States don't seem to have a problem doing it

They tax cars based on value. Property taxes, too.

So why is it so strange to tax millions of dollars worth of stocks and bonds?

[BootinUp]

2. There was a thread

Yesterday on Bezos that had some discussion.
Don’t know if u read?

[DanieRains]

4. I Was Too Busy Working My Fingers To The Bone To Pay All Them Taxes So Bezos And His Friends

Don't have to.

Thanks for letting me know. Maybe I can find the thread.

[AmyStrange]

3. +100000000000000000000000000000000 x infinity

-

What do you thinks gonna happen when the moratorium on evictions ends?
=============

[jalan48]

5. Probably because the wealthy have more say about who gets elected into office.

[DanieRains]

7. And Control Almost All Of The Media - See Re-Distribution

Is such a bad word.

I am being redistributed from.

My pockets.

[jalan48]

8. Yep, keep the focus off of income inequality and make it about other "Breaking News".

[DanieRains]

6. I Was Many Years Behind Just Paid $25,000 In Property Tax For One Building

Which is what I make in some years.

Our tax system sucks.

It is set up so the insanely rich write off everything, and pass on their wealth to their heirs.

[inwiththenew]

9. Because the rich own politicians

What do you think all those high six figure consulting jobs or speaking fees that politicians get when they are between political gigs? Do you think it's because of their unique qualifications or that people are really interested in what they have to say? Or is it an investment that will pay dividends down the road? Same with all the PAC contributions. They are spending this money because they know they will make it back and then some. It's why they've been vastly increasing their wealth in both absolute and in relative terms for decades.

[Dyedinthewoolliberal]

10. I am having a discussion with someone who says they are wealthy.

They say- 'In our case, we have inherited estates that are valued in access of what the limit would be. (Assets, houses etc included) we already pay taxes on it. We could not afford to pay .02 per every dollar of the estate, on top of what already is owed by regular taxation, while paying to maintain the property, farm equipment, fencing, infrastructure, the houses etc.
It is not the responsibility of the wealthy to pay more taxes for simply being wealthy. That is discrimination.'

They are referring to Elizabeth Warrens tax plan. I guess the more money you have the more money you want............

[DanieRains]

11. Maybe They Could Try Working

And having no assets because they pay .50 in taxes.

[aidbo]

14. Do they have a cellphone? What about a refrigerator?

Wow, why can’t these people learn to live within their means?

[aidbo]

15. Maybe they could try skipping that double latte every once in a while.

[Dyedinthewoolliberal]

18. I am trying to figure out the best way to express

the social compact concept that used to exist. The better off you are the more you help your community.

[dsc]

16. there is not an unreasonable argument that a wealth tax is unconstitutional

note I am not saying it is for sure unconstitutional just that it is reasonably argued that it is. Which, given our current court, is very problematic. For the same reason we had to have an amendment that permitted income taxes, it is possible we need one for wealth taxes. I did see a very good idea though on Slate magazine. Pass a law with the wealth tax and an alternative tax (very high marginal rate) that would take effect is the wealth tax is struck down. The high marginal rates are clearly constitutional as is passing a law that has an plan B.

[Caliman73]

17. Because the wealth accumulators use their accumulated wealth to make it so.

There was a study of legislation (really disheartening) that showed that the top 10% of wealth and income earners get their preferred legislation passed at 90% whereas those below that level only have about a 30% success rate.

[RANDYWILDMAN]

19. it's always about the criminal not the crime. See Bernie Madoff

the Donor class always has a red herring out for them to say, see we are getting screwed over as well, now peons, go back to your scraps, infotainment and drugs to keep us, the peons sedated and ignored.

lifestyles of the rich and famous
Cribs
million dollar real estate of LA, new york


house wifes of weathy Anywhere?
Wags


Cops
America's most wanted (shows to show YOU who the bad guys are )

Movies like :All the money in the world (to show how poorly the rich get treated)

[Iggo]

20. I discuss it all the time.