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JayhawkSD

(3,163 posts)
41. Then you should have raised that point in your original post.
Sun Feb 24, 2019, 10:40 AM
Feb 2019

Instead of saying,

"Warren’s plans to deal with wealth concentration are the only thing I’ve seen that can really fix our country. She’s got a plan to reduce wealth inequality which will reduce the impact of money in politics and media."

Which is what I was refuting.

How can we have a reasonable discussion when you say one thing, I respond, and then you rebut me with a totally different argument?

If you think she is a good candidate for reducing the influence of money in politics because she is raising bills like the "Anti-Corruption and Public Integrity Act," then why aren't you saying that instead of using inane arguments such as that she is good for that cause because she will impoverish the wealthy by taxing them at a 2% rate while their wealth grows at a 7% rate?

That argument ignores the reality that if you reduce something at a 2% rate which is growing at a 7% rate, you are not going to reduce it at all. The wealth tax does not address wealth inequality at all because it does not make the wealthy any less wealthy, it merely means that their wealth grows a little less rapidly, at 5% per year rather than at 7% per year.

So Warren's wealth tax doesn't make the less any less rich, it doesn't make the poor any richer, and it doesn't significantly affect revenue, because it only raises enough to cover 20% of the current deficit. I'm not opposed to the wealth tax. If it is found to be constitutional, buy all means pass it. I'm just not sufficiently deluded to think that it's going to significantly change the nation or the economy. It's a raindrop falling in a large pond and won't even make a ripple.

And, the problem with the "Anti-Corruption and Public Integrity Act" is that it means that the people who are taking the money will have to vote to make it illegal for they themselves to continue taking the money. That seems to me to be very unlikely to happen.
If I were to vote in a presidential
primary today, I would vote for:
Undecided
I really like her, too Ohiogal Feb 2019 #1
Is Warren proposing a wealth tax? eom guillaumeb Feb 2019 #2
Yes. MrsCoffee Feb 2019 #7
An excellent idea. guillaumeb Feb 2019 #21
Tax policy has been used since the beginning of this country to shift wealth one way or the other. wasupaloopa Feb 2019 #3
Well said Wasu. Repeal the Reagan tax cuts is a great starting point to fix wealth inequality onit2day Feb 2019 #16
That's what taxes are; a redistribution of income! mobeau69 Feb 2019 #27
Sen Warren is bold and courageous and has all the right ideas at140 Feb 2019 #4
I agree, Elizabeth is all over this, which is why she is my #2 choice... InAbLuEsTaTe Feb 2019 #51
Bernie is the father of solid progressive ideas! at140 Feb 2019 #54
I could live with that too!! Maybe they take turns being president?! InAbLuEsTaTe Feb 2019 #55
me too ProfessorPlum Feb 2019 #5
I like Warren as well pecosbob Feb 2019 #6
This is a good point. As an economist, I really, really like Warren. PatrickforO Feb 2019 #10
As a non-economist with only enough education to get myself into trouble in discussions pecosbob Feb 2019 #11
Climate Change and wealth disparities HopeAgain Feb 2019 #19
I agree: corporate power and rightwing institutions and media go hand in hand EndGOPPropaganda Feb 2019 #50
The Accountable Capitalism Act she introduced in August '18 PatrickforO Feb 2019 #8
Yes. If Warren isn't pres I hope the pres works CLOSELY with her in the senate EndGOPPropaganda Feb 2019 #9
I'm a big fan of hers too. lark Feb 2019 #12
See, I believe Biden is the least electable but who repubs would most like to run against onit2day Feb 2019 #14
I think it's totally the opposite. lark Feb 2019 #17
I agree. I am still undecided but I am favoring a Biden/Harris ticket. smirkymonkey Feb 2019 #33
I don't see Biden as "least electable" at all... VarryOn Feb 2019 #31
Sanders made this a major issue also and I love Warren. Hope all our candidates onit2day Feb 2019 #13
A Sanders/Warren ticket?? What a great idea!! InAbLuEsTaTe Feb 2019 #52
I like her too, especially because she addresses issues like this. jalan48 Feb 2019 #15
Where does she stand on other issues? ecstatic Feb 2019 #18
On the Issues is a reliable, objective source for an overview of a candidate's policy lapucelle Feb 2019 #28
Thanks, I'll check it out. nt ecstatic Feb 2019 #32
Here's Cory Booker's page. lapucelle Feb 2019 #29
Non-Plussed Horizens Feb 2019 #30
I like her, and wealth inequality is of high importance to me. ooky Feb 2019 #20
Hi mvd Feb 2019 #23
I will back Senator Warren 100% turbinetree Feb 2019 #22
Likewise not fooled Feb 2019 #24
Me too! She is the real deal! McKim Feb 2019 #25
Kick Kurt V. Feb 2019 #26
I could be convinced to support Elizabeth Warren Mars and Minerva Feb 2019 #34
Good idea, not good prospects Shoonra Feb 2019 #35
I suspect she's already considered the resistance to her plan.. whathehell Feb 2019 #44
I think the best fix is a 90% tax on the super wealthy. No one needs billions of $ demigoddess Feb 2019 #36
Income tax, wealth tax, or estate tax? EndGOPPropaganda Feb 2019 #38
all of the above. demigoddess Feb 2019 #49
Three problems on Warren as the solution to this issue. JayhawkSD Feb 2019 #37
Good point. But here's why she's good on these issues. EndGOPPropaganda Feb 2019 #39
Then you should have raised that point in your original post. JayhawkSD Feb 2019 #41
She proposed two things. _(ツ)_/ EndGOPPropaganda Feb 2019 #42
She has addressed your concerns. MrsCoffee Feb 2019 #40
Agreed. BlueWI Feb 2019 #43
Me too. She's sharp, she knows her stuff, and she knows how to play the political game. backscatter712 Feb 2019 #45
Well put EndGOPPropaganda Feb 2019 #46
Go, Liz! jeffreydj Feb 2019 #47
Had I the ear of Liz Warren jeffreydj Feb 2019 #48
Yes. She is the real deal emulatorloo Feb 2019 #53
Message auto-removed Name removed Feb 2019 #56
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