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DU Home » Latest Threads » Forums & Groups » Main » Democratic Primaries (Forum) » It's "tax wealth, not inc... » Reply #5
Undecided 36%
Elizabeth Warren22%
Joe Biden13%
Bernie Sanders8%
Kamala Harris8%

Response to LAS14 (Original post)

Thu Sep 12, 2019, 12:26 PM

5. It's really only good as a temporary solution because we have failed to tax income correctly.

 

A wealth tax is a good and necessary correction to decades of bad tax policy (i.e. trickle down economics) but only if that revenue is put to the right uses.

At a certain point, we will want to abandon the wealth tax in favor of a properly progressive income tax. Ideally, we'd settle on an income tax rate formula that uses the Gini Index for Income Inequality as a variable so that the upper end of the tax rate would automatically rise as the Gini rises and lower as the Gini lowers.
If I were to vote in a presidential
primary today, I would vote for:
Elizabeth Warren

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Arrow 11 replies Author Time Post
LAS14 Sep 12 OP
Fiendish Thingy Sep 12 #1
elleng Sep 12 #4
Fiendish Thingy Sep 12 #7
elleng Sep 12 #9
DrToast Sep 12 #2
HelpImSurrounded Sep 12 #6
Newest Reality Sep 12 #3
LineNew Reply It's really only good as a temporary solution because we have failed to tax income correctly.
HelpImSurrounded Sep 12 #5
Fiendish Thingy Sep 12 #8
HelpImSurrounded Sep 12 #10
GeorgeGist Sep 12 #11
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