Author Topic: Wealth Tax  (Read 250 times)

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Offline Weisshaupt

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Wealth Tax
« on: January 25, 2019, 02:37:29 PM »
https://www.cnbc.com/2019/01/24/elizabeth-warren-to-propose-new-wealth-tax-economic-advisor.html

   
Quote
Sen. Elizabeth Warren, D-Mass., has proposed a "wealth tax" on some of the richest Americans.
    The new tax from Warren, who recently announced her bid to challenge President Donald Trump in 2020, would only apply to Americans with more than $50 million in assets.

But in an article for the Indiana Law Journal last year, Dawn Johnsen and Walter Dellinger, two prominent legal scholars, argued against the idea that a wealth tax is unconstitutional.

"We believe this conventional wisdom is wrong and its casual repetition has been harmful," the two wrote.

"Devising a progressive tax system that effectively taxes the wealthy is notoriously difficult, but whether a wealth tax is part of that system should depend upon the policy choices of democratically elected representatives, not faulty constitutional understandings."

Oh did someone figure out that there is no way to pay the debt if we don't start stealing wealth as well as taxing  income? ( Income by the way was not a term that included wages when that amendment passed)


So the Constitution exists why?  If Elected Representatives can decide what it "really" says why have one at all. What they want is a Representative Democracy.
 
These two Scholars go on the list.

https://www.law.indiana.edu/about/people/bio.php?name=johnsen-dawn
https://law.duke.edu/fac/dellinger/

Online John Florida

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Re: Wealth Tax
« Reply #1 on: January 25, 2019, 07:13:57 PM »
  Didn't France try that and the money started leaving PDQ till they reversed it ?
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Online Pablo de Fleurs

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Re: Wealth Tax
« Reply #2 on: January 26, 2019, 07:47:42 PM »

So the Constitution exists why?  If Elected Representatives can decide what it "really" says why have one at all. What they want is a Representative Democracy.
 

Hmm . . . I certainly hope [😉] we don’t see a plethora of interpretations in the form of bullet-pointed, uhm . . .essays of what the 2nd Amendment “really” says & means as respects the duty of any self/country respecting patriot when it comes to “special” representatives who re-interpret our founding documents.
2 Timothy 1:7
For God did not give us a spirit of timidity, but of power & of love and of calm, a well-balanced mind, discipline and self-control.

Online paulh

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Re: Wealth Tax
« Reply #3 on: January 27, 2019, 05:52:28 AM »
They're already doing it with ballot initiatives 

Offline Libertas

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Re: Wealth Tax
« Reply #4 on: January 27, 2019, 02:03:33 PM »
I am always up for some preemptive self-defense.



PS - This is good - https://www.nationalreview.com/2019/01/elizabeth-warren-tax-plan-is-asset-forfeiture/

Molan Labe that!  Our kulak's are armed.

Heh, this will drive fascists nuts! -   
« Last Edit: January 27, 2019, 02:51:23 PM by Libertas »
Irrumabo!  GOP? - Nope. No more. They made their bed, now let them die in it.*
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Online John Florida

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Re: Wealth Tax
« Reply #5 on: January 27, 2019, 04:44:57 PM »
I am always up for some preemptive self-defense.



PS - This is good - https://www.nationalreview.com/2019/01/elizabeth-warren-tax-plan-is-asset-forfeiture/

Molan Labe that!  Our kulak's are armed.

Heh, this will drive fascists nuts! -   


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All men are created equal"
 Filippo Mazzie