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Remember Trump's idea to supertax the superrich? [View All]

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Home » Discuss » General Discussion: Presidency Donate to DU
Onlooker Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-23-11 08:16 AM
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Remember Trump's idea to supertax the superrich?
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Edited on Sat Apr-23-11 08:16 AM by Onlooker
Trump had one brilliant idea that last time he toyed with running for President:

http://crooksandliars.com/karoli/donald-trump-lets-tax-rich-pay-national-deb

CNN.com: November, 1999:

Trump, a prospective candidate for the Reform Party presidential nomination, is proposing a onetime net worth tax on individuals and trusts worth 10 million or more. By Trumps calculations, his proposed 14.25 percent levy on such net worth would raise 5.7 trillion and wipe out the debt in one full swoop.

The net worth tax is the cornerstone of Trump's economic plan released Tuesday morning.

"No one has put forward a plan to make this country entirely debt free as we enter the next millenium," Trump said in a written statement.
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