Democratic Primaries

thesquanderer

(11,986 posts)

17. I agree, valuing does not have to be very complicated.

Thu Nov 7, 2019, 11:25 AM

Nov 2019

The value of cash and stocks are instantly known. The value of real estate can be easily approximated by looking at what someone paid, and the percentage average increase of local real estate values between purchase date and current date which is generally well documented (and if someone feels that that formula overvaluates their property, they can have it appraised). Yes, some other things are difficult to appraise, like investments in privately held businesses. One possible easy solution? Don't tax them. If a "wealth tax" were only a tax on cash, securities, and real estate, that alone would be a good revenue source. We don't have to tax every last possible source of wealth in order for it to be worthwhile to tax SOME of them.

If I were to vote in a presidential
primary today, I would vote for: Joe Biden

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Besides thinking Medicare for All can't be enacted. Hillary Clinton is opposed to a wealth tax [View all] highplainsdem Nov 2019 OP

Hillary knows and I'm happy she has chimed in Thekaspervote Nov 2019 #1

Thank you for this, hpd! Cha Nov 2019 #2

I don't like the "because"... she should support the Dem no matter WHO it is! thesquanderer Nov 2019 #15

Her assessment of the pitfalls of a wealth tax are shallow and eye-roll worthy. RockRaven Nov 2019 #3

Please don't put words in Hillary's mouth. Cha Nov 2019 #5

Where was that putting words in Hillary's mouth? thesquanderer Nov 2019 #16

Read the post again.. all the way to the bottom. Cha Nov 2019 #26

This message was self-deleted by its author BannonsLiver Nov 2019 #18

We were arguing the pros and cons of a wealth tax in 2016? (n/t) thesquanderer Nov 2019 #19

I'm sure it does.. I just caught the last Cha Nov 2019 #27

This tax is likely unconstitutional...and will never happen. Demsrule86 Nov 2019 #14

I agree, valuing does not have to be very complicated. thesquanderer Nov 2019 #17

Not when someone is about to dump $5 Billion to pay a tax bill. Hoyt Nov 2019 #29

"Obscenely Wealthy" The Mouth Nov 2019 #20

Hillary, Pelosi, Obama giving some worthwhile political insights. Hm. Maybe Dems should emmaverybo Nov 2019 #4

This message was self-deleted by its author trueblue2007 Nov 2019 #6

Calm down, please.. Cha Nov 2019 #7

do NOT tell me to CALM DOWN. you stop yapping and i'll be calmer. deal ?? trueblue2007 Nov 2019 #22

Wow.. you are so rude.. Cha Nov 2019 #23

This message was self-deleted by its author trueblue2007 Nov 2019 #32

lol Cha Nov 2019 #33

Oh, good grief. There were only 3 threads about HRC on the first page of this board (80 or so OPs) highplainsdem Nov 2019 #34

... Cha Nov 2019 #35

just gonna ignore both of you. I don't appreciate getting ganged up on by you trueblue2007 Nov 2019 #36

omg.. you replied to both us.. of course we're Cha Nov 2019 #37

Having supported and voted for HRC in the past, I see no reason to stop listening to her now when highplainsdem Nov 2019 #12

Thanks, hpd.. yes.. why is the poster being so "rude"? Cha Nov 2019 #24

Europe had quite a bit of experience with wealth taxation... TreasonousBastard Nov 2019 #8

Part of that failure was in the BlueMTexpat Nov 2019 #11

I LOVE Hillary! BlueMTexpat Nov 2019 #9

+1 pinkstarburst Nov 2019 #21

I love Hillary, too.. and will take her wise councel Cha Nov 2019 #25

Warren has a "Command of intricacies of finance?" Now that's an interesting claim. Hoyt Nov 2019 #30

Duplicate post. Sorry. Hoyt Nov 2019 #31

Hillary made an excellent point on whether we can even get a sound estimate of Blue_true Nov 2019 #39

It is possible. BlueMTexpat Nov 2019 #40

No, Hillary is NOT opposed to using taxation to correct Hortensis Nov 2019 #10

While the "Wealth Tax" Warren is putting forward is a bit foolish and will never happen.... TidalWave46 Nov 2019 #13

Hillary is correct as usual. NYMinute Nov 2019 #28

She makes a lot of excellent points. Blue_true Nov 2019 #38

Hillary Clinton: Warren's 'Medicare for All' plan would never get enacted Gothmog Nov 2019 #41