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Barbara Lee @BarbaraLeeForCA : Under the Wall Street Speculation Act (Original Post) BeckyDem Jun 2023 OP
Great start... it's a small Financial Transaction Tax on every purchase/sale WarGamer Jun 2023 #1
Barbara Lee. Right on the gulf war. Right on taxes. usonian Jun 2023 #2
Right on war. Right on taxing the rich. usonian Jun 2023 #3

WarGamer

(14,926 posts)
1. Great start... it's a small Financial Transaction Tax on every purchase/sale
Wed Jun 14, 2023, 09:11 PM
Jun 2023

But where is the wealth tax?

My favorite example.

Elon Musk gets to HOARD hundreds of billions of dollars in wealth and he can pay ZERO taxes a year.

If Musk exercised some options in 2022 and pocketed let's say a billion dollars... he paid taxes on that Billion BUT...

In 2023, he can just live off of that Billion and pay NOTHING.

He can also BORROW against his portfolio and pay ZERO taxes on that money.

Top 5 most wealthy man in the world and he only pays taxes on the portion of his fortune that he turns into cash.

Wealth Tax Now.

usonian

(13,303 posts)
2. Barbara Lee. Right on the gulf war. Right on taxes.
Wed Jun 14, 2023, 09:47 PM
Jun 2023

Right on!

Wikipedia:

The only representative to vote against the Authorization in 2001 was Barbara Lee, who has consistently criticized it since for being a blank check giving the government unlimited powers to wage war without debate.

Business Insider has reported that the AUMF has been used to allow military deployment in Afghanistan, the Philippines, Georgia, Yemen, Djibouti, Kenya, Ethiopia, Eritrea, Iraq, and Somalia.


usonian

(13,303 posts)
3. Right on war. Right on taxing the rich.
Wed Jun 14, 2023, 09:49 PM
Jun 2023

Right on!


The only representative to vote against the Authorization in 2001 was Barbara Lee, who has consistently criticized it since for being a blank check giving the government unlimited powers to wage war without debate.

Business Insider has reported that the AUMF has been used to allow military deployment in Afghanistan, the Philippines, Georgia, Yemen, Djibouti, Kenya, Ethiopia, Eritrea, Iraq, and Somalia.

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