Democratic Primaries

peggysue2

(12,542 posts)

8. The question of whether a Wealth Tax could pass constitutional muster is real

Mon Oct 28, 2019, 02:22 PM

Oct 2019

Doesn't mean it would absolutely fail in the courts but it would most definitely be challenged, delaying the funds Warren plans to use for her ambitious social programs. And there are inherent problems with the proposed Wealth Tax that a number of European countries have experienced, not the least of which are administrative, implementation and enforcement nightmares. Then there's the biggie in the room: the actual amount of collected revenue minus the costs.

I think most Americans across the board want the richy-rich to pay their fair share. The question is what is the quickest, most effective and reliable way to do that. The 538 article points out that the Wealth Tax is not the as-advertised, guaranteed silver bullet.

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

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

73 replies

= new reply since forum marked as read

Highlight:

Nate Silver/538-Warren's Wealth Tax Isn't The Slam Dunk Progressives Want It To Be [View all] Gothmog Oct 2019 OP

Whether we like it or not... why would it be? Thekaspervote Oct 2019 #1

I'm for a wealth tax. Turin_C3PO Oct 2019 #2

Are our actions now determined by our doubts? Magoo48 Oct 2019 #9

No, but they should be determined by what feasibly can become law and what's a pipe dream Thekaspervote Oct 2019 #13

How will Warren hold them responsible? Lexblues Oct 2019 #23

Constitutional Concerns Are a Major Risk for a Federal Wealth Tax Gothmog Oct 2019 #3

I think we could get to the same place TheRealNorth Oct 2019 #4

Larry Summers makes that exact point in the debate I posted below redqueen Oct 2019 #6

same goes for fica taxes. mopinko Oct 2019 #55

There are several problems with it. redqueen Oct 2019 #5

There must be a way to do it, Mr.Bill Oct 2019 #7

No, the poor got a tax hike and the rich got a huge tax cut. Demsrule86 Oct 2019 #16

I know that, but there is a progressive tax rate Mr.Bill Oct 2019 #19

We will be dealing with a hostile SCOTUS...and we need the Senate. Demsrule86 Oct 2019 #20

Income is easier to measure. redqueen Oct 2019 #21

If I knew all the answers Mr.Bill Oct 2019 #28

Biden's Wealth Tax? Tax Investors 40% on Capital Gains Gothmog Oct 2019 #59

I like the capital gains idea. Mr.Bill Oct 2019 #63

This concept is constitutional Gothmog Oct 2019 #65

The question of whether a Wealth Tax could pass constitutional muster is real peggysue2 Oct 2019 #8

Nate/538 needs to stick to empirical observations/analysis instead of trying to influence polls. aikoaiko Oct 2019 #10

It really is a well written article that doesn't bypass the hard facts. I appreciate anyone chiming Thekaspervote Oct 2019 #14

Nate really is great at admitting The Mouth Oct 2019 #25

It delves into assumption after assumption. TidalWave46 Oct 2019 #45

The premise is an example of what I'm talking about aikoaiko Oct 2019 #47

"Shut up," he explained. tritsofme Oct 2019 #15

I'm a big Biden fan but Nate has become transparent. TidalWave46 Oct 2019 #46

WHICH "progressives"? This word is so abused. I've noted even Hortensis Oct 2019 #11

I just gotta to ask......................when Congress gave a tax cut to the 1% turbinetree Oct 2019 #12

I get that it may be unconstitutional dsc Oct 2019 #17

They may be referring to the numbers redqueen Oct 2019 #18

The wealthy dont pay property taxes? MichMan Oct 2019 #31

they do but they don't pay it on most of their wealth dsc Oct 2019 #49

There's also the fear The Mouth Oct 2019 #22

A wealth tax should be directed only at the deficit Teach-only-love Oct 2019 #24

Nate Silver isn't quite the political sage... dchill Oct 2019 #26

Oh dear me. Well-funded conservative opponents won't like it. progressoid Oct 2019 #27

. boomer_wv Oct 2019 #30

Yeah... progressoid Oct 2019 #35

? boomer_wv Oct 2019 #37

54 days of filibuster for the Civil Rights Act. progressoid Oct 2019 #40

Are we boomer_wv Oct 2019 #41

Nate Siler cites opposition from "conservatives" progressoid Oct 2019 #42

That... boomer_wv Oct 2019 #52

Warren.. boomer_wv Oct 2019 #29

I agree. If we win the White House and Congress all these wasupaloopa Oct 2019 #34

How about she create a 36% to 39.6% tax on the top 1% blm Oct 2019 #32

Why the hell don't you call for raising your taxes to pay for the plans wasupaloopa Oct 2019 #36

Lots of people love higher taxes MichMan Oct 2019 #38

Seriously? Why the hell does this have to be explained on a "Democratic" website? progressoid Oct 2019 #43

The facts don't fit the narrative they're pushing against Warren. blm Oct 2019 #48

Only since last year? MichMan Oct 2019 #54

That is a very good question. nt redqueen Oct 2019 #56

Yes! Someone else other than the poor and middle class kcr Oct 2019 #61

In my opinion these "plans" have not been examined by wasupaloopa Oct 2019 #33

Yeah ... What does Warren know about economics or the law? blm Oct 2019 #50

Here's some experts discussing it. redqueen Oct 2019 #57

Unclear if Warren's Wealth Tax Proposal is Constitutional Gothmog Oct 2019 #60

Is this the same Nate Silver who's feeling the love for poor little Donnie? Bradshaw3 Oct 2019 #39

Nate Silver is a competent poll-analyzer... regnaD kciN Oct 2019 #44

In lieu of a wealth tax exboyfil Oct 2019 #51

the real answer is a 100% over haul of the US taxcode beachbumbob Oct 2019 #53

Wealth Tax - That Pesky Constitution Might Get In The Way Gothmog Oct 2019 #58

It didn't work in some European countries because... Garrett78 Oct 2019 #62

Hopefully, 1890s levels of wealth inequality aren't what any Democrat wants them to be. BlueWI Oct 2019 #64

There are constitutional ways of raising taxes on the wealthy Gothmog Oct 2019 #66

I appreciate the post BlueWI Oct 2019 #67

There is something called the 16th Amendment that allows income taxes Gothmog Oct 2019 #68

There are several amendments that I can quote BlueWI Oct 2019 #69

My administration will repeal the Trump tax cuts for the super-wealthy and reward work, not just wea Gothmog Oct 2019 #70

I like plans that imagine a full scale solution to a problem BlueWI Nov 2019 #71

the Republican ad writes itself" on Elizabeth Warren's $52 trillion Gothmog Nov 2019 #72

K Cha Nov 2019 #73