Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: We should tax wealth apart from income...and put a backstop to prevent capital flight [View all]NoOneMan
(4,795 posts)112. "but if it did that would be fine with me"
Exactly. Your neoclassical economic spite outweighs concern regarding the life-threatening devastation of our ecosystem (which the rich will have the resources to survive).
People still think that their 20th century world view is relevant to the crisis of the 21st century; it is no surprise we are stuck in a rut.
Edit history
Please sign in to view edit histories.
165 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
We should tax wealth apart from income...and put a backstop to prevent capital flight [View all]
srican69
Jan 2013
OP
goods. There's plenty of gov't computing power to record insurance, real estate taxes, stock gains
leveymg
Jan 2013
#128
the wealthy have tons on money locked up in paintings ... but imagine the industry such a law will
srican69
Jan 2013
#32
intention is not punish savers .. but to get those who have gotten really wealthy to do their bit
srican69
Jan 2013
#13
My husband is self-employed. Can't get a smaller business than that. (And yes, it is a business.)
GreenPartyVoter
Jan 2013
#127
like you pay income tax on full income ( after fica tax has been paid)? ... then Yes
srican69
Jan 2013
#37
The US is a third world country. Just look at our elections, healthcare, poverty.
Scuba
Jan 2013
#43
You don't get it. "No running water, no sewage systems" etc is true for lots of Americans.
Scuba
Jan 2013
#131
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 have elderly relatives who have a "net worth" of more than half a million, because of their house,
Nye Bevan
Jan 2013
#31
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
We should 40 million as payback to the society that generated the wealth, I believe.
grahamhgreen
Jan 2013
#73
Yep, all those huge piles of idle money need to be fragmented and put back in circulation.
bemildred
Jan 2013
#45
In a nation in which Walmart is the largest employer ANY accumulated wealth is disproportionate
Demo_Chris
Jan 2013
#52
You Are No Better At Expressing An Opponent's Points Than At Anything Else, Sir
The Magistrate
Jan 2013
#86
So, yes, you think the wealthy will not use their capital to adjust to this continuous wealth tax?
NoOneMan
Jan 2013
#95
"if we make them poorer they will actually have fewer resources with which to kill us all"
NoOneMan
Jan 2013
#116
I definitely support this in theory, but the devil is in the enforcement details
Wednesdays
Jan 2013
#55
I think you hit on the winning argument: "Not as bad as the bolshevik revolution". (nt)
Nye Bevan
Jan 2013
#84
A Sales Tax with Exemptions for Food, Healthcare, Education, Clothing, and Housing Would Be Better
Yavin4
Jan 2013
#64
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
He can sell his million dollar home and buy an entire street in most of the country.
Demo_Chris
Jan 2013
#147