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dsc

(52,462 posts)

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

Reply to DanieRains (Original post)

Wed Feb 3, 2021, 02:50 PM

Feb 2021

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.

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Highlight:

Why Is Taxing Wealth Accumulators Like Workers Never Discussed? [View all] DanieRains Feb 2021 OP

Maybe there is a constitutional issue with taxing assets? Walleye Feb 2021 #1

It is use for local safeinOhio Feb 2021 #12

States don't seem to have a problem doing it Leith Feb 2021 #13

There was a thread BootinUp Feb 2021 #2

I Was Too Busy Working My Fingers To The Bone To Pay All Them Taxes So Bezos And His Friends DanieRains Feb 2021 #4

+100000000000000000000000000000000 x infinity AmyStrange Feb 2021 #3

Probably because the wealthy have more say about who gets elected into office. jalan48 Feb 2021 #5

And Control Almost All Of The Media - See Re-Distribution DanieRains Feb 2021 #7

Yep, keep the focus off of income inequality and make it about other "Breaking News". jalan48 Feb 2021 #8

I Was Many Years Behind Just Paid $25,000 In Property Tax For One Building DanieRains Feb 2021 #6

Because the rich own politicians inwiththenew Feb 2021 #9

I am having a discussion with someone who says they are wealthy. Dyedinthewoolliberal Feb 2021 #10

Maybe They Could Try Working DanieRains Feb 2021 #11

Do they have a cellphone? What about a refrigerator? aidbo Feb 2021 #14

Maybe they could try skipping that double latte every once in a while. aidbo Feb 2021 #15

I am trying to figure out the best way to express Dyedinthewoolliberal Feb 2021 #18

there is not an unreasonable argument that a wealth tax is unconstitutional dsc Feb 2021 #16

Because the wealth accumulators use their accumulated wealth to make it so. Caliman73 Feb 2021 #17

it's always about the criminal not the crime. See Bernie Madoff RANDYWILDMAN Feb 2021 #19

I discuss it all the time. Iggo Feb 2021 #20