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Buzz cook

(2,916 posts)
22. A wealth tax apportioned by class
Fri Nov 8, 2019, 11:51 PM
Nov 2019

Just as the progressive income tax is apportioned by class.

Just as a gas tax is paid only by those who only use gasoline and a tax on carriages is only paid by those with carriages.

https://www.americanbar.org/groups/taxation/publications/abataxtimes_home/19aug/19aug-pp-johnson-a-wealth-tax-is-constitutional/

The Constitution, Article I, section 9, clause 4, requires that a “direct tax” must be apportioned among the states by population.3 For the Founders, a necessary element to be a direct tax is that apportionment among the states by population must be reasonable and just. Thus import taxes (the impost), excise taxes, duties, carriage taxes and now real estate and wealth taxes have been expelled from the definition of direct tax, sometimes by the operation of ordinary language and sometimes by Supreme Court decision.


snip

Hamilton put it quite clearly.

A constitution cannot set bounds to a nation’s wants; it ought not, therefore, to set bounds to its resources. Unexpected invasions, long and ruinous wars, may demand all the possible abilities of the country. Shall not your government have power to call these abilities into action? The contingencies of society are not reducible to calculations. They cannot be fixed or bounded, even in imagination.7


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

Recommendations

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

But the job creators. guillaumeb Nov 2019 #1
Yes, and the constitutionality of it, and it won't pass etc.. CentralMass Nov 2019 #3
Exactly. guillaumeb Nov 2019 #4
I would really like to hear from Joe Biden on this topic. Red Oak Nov 2019 #2
I believe this is unconstitutional and would never pass muster in any court much less the right Demsrule86 Nov 2019 #12
In what way is it unconstitutional? Buzz cook Nov 2019 #14
The income tax require an amendment in order to be implemented. Demsrule86 Nov 2019 #19
A wealth tax apportioned by class Buzz cook Nov 2019 #22
Kicked and recommended. Uncle Joe Nov 2019 #5
When these idiots cry about people no longer wanting to achieve anything, ask them to name one world wide wally Nov 2019 #6
It was popular earlier this year and it remains popular BeyondGeography Nov 2019 #7
Should at least take the word "new" out of the subject line. redqueen Nov 2019 #8
Asked and answered. Buzz cook Nov 2019 #16
I would bet you'd get strong support for increasing taxes on everyone making more than the pollee. Hoyt Nov 2019 #9
The burden will fall on the middle class to prove their value annually tirebiter Nov 2019 #10
Yeah, why bother having laws when the crooks will get away with stuff. Hassin Bin Sober Nov 2019 #13
Why create a problem for those of us who are neither the cause or the cure tirebiter Nov 2019 #15
The IRS is woefully underfunded. Buzz cook Nov 2019 #17
They can't have them do anything tirebiter Nov 2019 #20
Ever hear of regulations and laws? Buzz cook Nov 2019 #21
Not So Scary After All colsohlibgal Nov 2019 #11
A wealth tax may be unconstitutional and will be tied up in the courts for a long time Gothmog Nov 2019 #18
Renaming progressive taxation that is very different in consruct from your wealth tax tirebiter Nov 2019 #23
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