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Garrett78

(10,721 posts)

12. 2 main reasons why a wealth tax hasn't worked in some European countries:

Reply to customerserviceguy (Reply #2)

Sat Nov 2, 2019, 10:17 PM

Nov 2019

1) Too many exemptions.
2) It didn't follow the wealthy when they left the country in which the tax was imposed.

Both of those problems are avoidable. And legal scholars say a wealth tax would be constitutional, in spite of arguments to the contrary.

The problem is that the only way to get a wealth tax put in place would be by executive order, and the backlash would be enormous. Millions of ignorant, poor white people would be somehow convinced that Warren should be burned at the stake for imposing something that would actually help them.

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26 replies

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Highlight:

Super-rich prepare to leave UK 'within minutes' if Labour wins election [View all] turbinetree Nov 2019 OP

Bum kick as they exit. StClone Nov 2019 #1

The same will happen here customerserviceguy Nov 2019 #2

Let's turn their mansions into schools klook Nov 2019 #3

Oh, they'll sell them customerserviceguy Nov 2019 #4

Or to billionaires from other countries klook Nov 2019 #22

What have they done for anyone lately? TexasBushwhacker Nov 2019 #5

Admittedly customerserviceguy Nov 2019 #6

Any place that's a decent place to live is going to have high taxes TexasBushwhacker Nov 2019 #7

Not if you and others like you customerserviceguy Nov 2019 #9

That's because they're traitors to their country rockfordfile Nov 2019 #11

2 main reasons why a wealth tax hasn't worked in some European countries: Garrett78 Nov 2019 #12

Judging from the past 40 years, they have no intention of having their wealth trickle down either tenderfoot Nov 2019 #21

I hope I_UndergroundPanther Nov 2019 #8

They'll always customerserviceguy Nov 2019 #10

Does anyone remember that scene from Dr. Zhivago where the peasants occupy smirkymonkey Nov 2019 #13

Nationalize their assets? moondust Nov 2019 #15

They trot this story out around most UK elections. It's nonsense, of course. PSPS Nov 2019 #14

I wish it were true. KentuckyWoman Nov 2019 #25

Can we make it so they can't come here? Initech Nov 2019 #16

GOOD Skittles Nov 2019 #17

Go, leave, scram dalton99a Nov 2019 #18

Honestly, who gives a shit beyond a few rich bankers? KY_EnviroGuy Nov 2019 #19

Such patriots. NCLefty Nov 2019 #20

The French had a way to deal with these fucksticks maxrandb Nov 2019 #23

"Let him go to Florida. It's not like he bothers to pay any taxes here anyway." KentuckyWoman Nov 2019 #24

Phil Mickelson, the golfer, gab13by13 Nov 2019 #26