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dawg

(10,777 posts)

34. I generally oppose wealth taxes because they can apply to people who are already losing wealth ...

Reply to clementine613 (Original post)

Thu May 19, 2022, 03:26 PM

May 2022

such as retirees who are spending down their nest eggs or business owners who are going through difficult business conditions.

It's much better to tax incomes, because income taxes generally only apply to people whose wealth is increasing.

Of course, we need to do a much better job of taxing some incomes.

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How about a wealth tax of 100% [View all] clementine613 May 2022 OP

What are you trying to do, Mr.Bill May 2022 #1

Now here's an extreme to match the right's elimination of the IRS. BlueTsunami2018 May 2022 #2

Ooooh, my heart bleeds for the poor multi-millionaire who has to live on only $30m* clementine613 May 2022 #3

I don't think it's about anyone's heart bleeding. BlueTsunami2018 May 2022 #35

What would be considered wealth? NotTodayPutin May 2022 #4

I suppose that's a detail that needs to be worked out. clementine613 May 2022 #6

Because it would mean the government edhopper May 2022 #5

They shouldn't have stolen the wealth to begin with. clementine613 May 2022 #8

The government is then running the companies edhopper May 2022 #13

But *this* isn't? ck4829 May 2022 #14

What is *this*? edhopper May 2022 #15

Or it could sell the stock... clementine613 May 2022 #16

This is such a stupid idea edhopper May 2022 #18

You're entitled to your opinion... clementine613 May 2022 #19

I have edhopper May 2022 #21

Who are they selling it to edhopper May 2022 #20

The average people, who might buy a few shares each. clementine613 May 2022 #22

I guess they can edhopper May 2022 #23

Brilliant! sarisataka May 2022 #31

What? Seriously? jimfields33 May 2022 #32

And, it needs to be said, every pension fund. Igel May 2022 #38

Ill gotten gains? inthewind21 May 2022 #29

Should Be Easy Enough To Get Through The Senate nt SoCalDavidS May 2022 #7

Do believe wealthy should have to sell portion of holdings annually, like Minimum Distribution Hoyt May 2022 #9

If it's over the threshold, yes. clementine613 May 2022 #10

Sorry, I'm not for 100% tax, mainly because wealth in this country is just on paper, even Hoyt May 2022 #12

Someone's "right" to have unlimited wealth clementine613 May 2022 #17

Fair taxation can get us that edhopper May 2022 #24

No, I'm proposing a wealth cap. clementine613 May 2022 #25

You are proposing edhopper May 2022 #30

Just think of a list of things "no one needs..." VarryOn May 2022 #33

The USSR had 130 sq ft as the living space a person had a right to. Igel May 2022 #39

Very interesting. I haven't heard about this before.. VarryOn May 2022 #41

Agree with providing for those needs, now and long term. Hoyt May 2022 #26

It depends - werdna May 2022 #11

No Thanks ProfessorGAC May 2022 #27

Jeder nach seinen Fhigkeiten, jedem nach seinen Bedrfnissen sarisataka May 2022 #28

I generally oppose wealth taxes because they can apply to people who are already losing wealth ... dawg May 2022 #34

I know people who have $30 M and they earned it by working hard... brooklynite May 2022 #36

Elmo is going to be pissed, because he won't be able to buy Twitter! madinmaryland May 2022 #37

The UK Wealth Tax Commission studied this extensively... WarGamer May 2022 #40

That would be country destroying economic suicide Amishman May 2022 #42