Tax the rich, Tax the Rich... another election, same exact rhetoric from the Left...
In case you live in a hole with no radio, TV or internet, Democrat Politicians are also rich! Do you actually think they want to tax themselves? They have played you like fools for decades, AND YOU STILL BITE!
When Obama and a Democrat Congress controlled Government for the first two years, did you see them taxing the Rich?
"Left-leaning politicians like Sens. Bernie Sanders (I-VT), Elizabeth Warren (D-MA), and Rep. Alexandria Ocasio-Cortez have pushed recently to impose additional taxes on the wealthy, but not everyone is fully on board.
While speaking with Yahoo Finance Editor-in-Chief Andy Serwer on an episode of “Influencers with Andy Serwer,” Stubhub’s president, Sukhinder Singh Cassidy, expressed skepticism towards the notion of a universal wealth tax.
Nearly 30 years ago, 12 countries in Europe imposed taxes on citizens’ wealth, NPR’s “Planet Money” has noted. That number dwindled to three by 2018, largely because, not surprisingly, the wealthy didn’t appreciate their net worth being taxed."
"Case in point: Nearly 42,000 millionaires left France between 2000 and 2012, according to Planet Money. And, the OECD reported that wealth taxes distorted saving and investment decisions without raising enough revenue. Whether or not this would be the case if a wealth tax were to be passed in the U.S. remains to be seen."
“I am for sure a capitalist who believes that innovation comes from open markets,” Singh Cassidy said. “Open markets doesn’t mean you’re absent responsibility, but it also doesn’t mean that [the way to] solve all of these things is a universal tax.”
"AOC’s wealth tax proposal is a 70% tax aimed at those who earn more than $10 million a year. While hers is targeted at income, Warren has proposed a tax on wealth. She has proposed a 2% wealth tax on individuals with a net worth of over $50 million and a 3% tax on those with over $1 billion. As for Sanders’s plan, the presidential candidate would raise the top estate tax rate to 77% (the top rate in 2018 was just 40%)."
“I think we want to do things that promote innovation, and I think we want to be responsible stewards,” Singh Cassidy said. “And I will always walk that line.”
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I agree, and the reason I want less taxes is because I know Politicians to be mostly corrupt. They never ear mark our tax dollars to lower the debt, or put towards some other short term problem. They simply take more of our money, and use that money for whatever purpose helps them win their next election. They spend their lives pandering to their base, and increased taxes are simply used in one big fund to keep our Government solvent until the next debt limit is exceeded. If it were you and I, we would have to stop spending to decrease our debt. The Government simply taxes us more! |
