General Discussion

Silent Type

(5,645 posts)

31. Warren's wealth tax would barely cover a months worth of our annual Deficit, much less do anything about Debt or

Reply to MadameButterfly (Reply #16)

Fri May 10, 2024, 08:13 PM

May 2024

healthcare, infrastructure, jobs, education, climate, childcare, etc.

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Houston, we have a problem. [View all] onecaliberal May 2024 OP

I guess I wonder what the "problem" is TexasDem69 May 2024 #1

HMMM, what could be corrected to allievate this situation? FHRRK May 2024 #3

Educate me TexasDem69 May 2024 #7

End corporate welfare in the form MadameButterfly May 2024 #8

Awesome post. Thank you! dmr May 2024 #19

Thanks! MadameButterfly May 2024 #21

Super excellent list. Problem is... Justice matters. May 2024 #46

Almost impossible and almost true MadameButterfly May 2024 #54

I admire your measured optimism. It's what we need more than anything these days . . . Journeyman May 2024 #63

a perfect brilliant common sense quote for a time of fake news, cult worship, and pessimism MadameButterfly May 2024 #75

Excellent post. Thanks. c-rational May 2024 #51

Just so you know. Brenda May 2024 #64

Yes, agreed MadameButterfly May 2024 #79

How does net neutrality fit into this? onenote May 2024 #66

If service is faster or better for the rich or other priveledged people MadameButterfly May 2024 #77

Compliments 90-percent May 2024 #68

The problem isn't that we have "tax breaks and loopholes." jmowreader May 2024 #69

Some deductions are good and created for the good of society MadameButterfly May 2024 #76

Progressive taxation, which we had until Reagan. mjvpi May 2024 #10

But the wealth is generally not taxable under current code. erronis May 2024 #12

So we need to restructure the tax code so they can't do that MadameButterfly May 2024 #16

Warren's wealth tax would barely cover a months worth of our annual Deficit, much less do anything about Debt or Silent Type May 2024 #31

The solution is a Financial Transaction Tax - read Ellen Browns article below to understand it. airplaneman May 2024 #57

Fascinating MadameButterfly May 2024 #59

Would love for us to find a tax that would pay for everything. But Brookings says a 0.1% FTT would raise $80 B Silent Type May 2024 #85

You need to read Ellen Brown article I cited she is very clear airplaneman May 2024 #87

I'll trust Brookings and the Congressional Budget Office. Silent Type May 2024 #88

I'm just trying to share information here. The Brookings article is talking about FTT on Stock Trades only airplaneman May 2024 #89

Info and other viewpoints are fine. If there is some relatively painless magical way to fund our needs, I'm all for it. Silent Type May 2024 #90

And until they sell their assets (and pay capital gains tax) that wealth is paper value. brooklynite May 2024 #47

Not really so for assets with quite liquid markets. unblock May 2024 #53

Majority rule would also help MadameButterfly May 2024 #17

Great posts bdamomma May 2024 #49

All either impossible TexasDem69 May 2024 #73

Beware minority rule MadameButterfly May 2024 #78

Income tax policy to at least stop the flow, keeping the imbalance from getting worse. paleotn May 2024 #20

We need to win the presidency and reform the Supreme Court MadameButterfly May 2024 #34

Thanks for being willing to accept higher taxes MadameButterfly May 2024 #35

With all due respect, that's your job. Joinfortmill May 2024 #72

Really? Anyway, Piketty recommends ... Dave says May 2024 #30

The solution is, they need to pay the same taxes Meadowoak May 2024 #45

With that kind of money, they can control the message by buying ... aggiesal May 2024 #50

We've needed trustbusting for a long time, especially in media MadameButterfly May 2024 #55

They already did that. live love laugh May 2024 #61

Did you forget your sarcasm emoticon? happy feet May 2024 #62

The problem is the bottom 50% clearly control too much wealth.... getagrip_already May 2024 #82

Starts with a T. Ends with an S kcr May 2024 #83

Kickin' Faux pas May 2024 #2

Obvious, nocoincidences May 2024 #4

Only if you are on a high fat, low fiber diet. erronis May 2024 #13

California rich people. They're the lean and free of nasty chemicals. paleotn May 2024 #22

CA has money woes. SleeplessinSoCal May 2024 #25

Just you wait.. Permanut May 2024 #5

Sure it will; second Tuesday of next week. onecaliberal May 2024 #6

Is that anything like getting pissed on? paleotn May 2024 #23

I've been saying serious for years and it's gotten worse. It's unsustainable. It won't last. . . . nt Bernardo de La Paz May 2024 #9

It could easily last under a Drumph election Evolve Dammit May 2024 #15

100% Wealth Tax on Estate Amounts Over $10 million. DJ Synikus Makisimus May 2024 #11

But that is the rule, surely? Aussie105 May 2024 #14

There are several changes we could make in this country slightlv May 2024 #18

We want a baseline of survival out of humanity but MadameButterfly May 2024 #36

I agree with you Madame... slightlv May 2024 #52

Yes, I've had fantasies of the country splitting into two so we could MadameButterfly May 2024 #56

Yes on all points:. The problem is republicans. onecaliberal May 2024 #84

This was the goal for Constitutional Originalists. SleeplessinSoCal May 2024 #24

alito and roberts are determined to take us back to the 1800s onecaliberal May 2024 #26

next generation won't know we once had a healthy middle class. SleeplessinSoCal May 2024 #27

I never voted for a recon. My dad was a WWII Veteran. onecaliberal May 2024 #33

If we cut rich people's taxes more Johonny May 2024 #28

What percentage of the 800 are REPUBLICANS? live love laugh May 2024 #29

My guess MadameButterfly May 2024 #37

If that's true, people would see that as a political advantage for them. Renew Deal May 2024 #41

They do. onecaliberal May 2024 #44

Mine too. At least 90%. live love laugh May 2024 #60

The dangers of Oligarchy MadameButterfly May 2024 #74

I wonder the very same things. live love laugh May 2024 #80

This might be a stretch but, Mr. Evil May 2024 #32

That's the short plot line of "Don't Look Up" and also of the "Left Behind" series. erronis May 2024 #39

the problem is capitalism Be The Light May 2024 #38

Unfettered and unregulated capitalism. erronis May 2024 #40

K&R onecaliberal May 2024 #43

The American Dream....Capitalist version. Ping Tung May 2024 #42

Rutger Bregman, Dutch historian said it at Davos 2019: PAY YOUR TAXES appalachiablue May 2024 #48

So true. And I've talked with people that object to higher-end tax rates with the same logic as lower-end tax rates. byronius May 2024 #58

Also check out this series in Propublica that outline how the wealthy hide money and avoid taxes erronis May 2024 #65

Post ww2 90-percent May 2024 #67

My horrifying hope 90-percent May 2024 #70

Yup, tax these M*fuckers. Joinfortmill May 2024 #71

Organized - Billionaires gather yearly at a finance conference SupportSanity May 2024 #81

Frankly and honestly, I thought the proportions would be worse. BobTheSubgenius May 2024 #86