Warren wealth tax

[ny_quant]

https://www.nationalreview.com/magazine/2019/10/14/elizabeth-warrens-wealth-tax-trap/

Comments

[misha-b.livejournal.com]

This is the real wealth tax idea. Not sure who came up with it first.

> поощряет потребление и наказывает за сбережения.

I don't see anything wrong with it. We want rich people to invest in areas with maximum return. If you have a ton of gold in a vault, it does not help anyone do anything productive.

Notice that charitable endowments are required by law to spend certain percentage of their assets.

[ny-quant.livejournal.com]

// This is the real wealth tax idea

What a great idea. Why would anyone want to own a house and pay extra taxes under such a law? Our own anything fit that matter?

// I don't see anything wrong with it.

That don't meant there ain't nothing wrong. If all my property is taxes I'd want no property at all. I'd rather spend all my money on food, drink out vacation rather than endlessly subsidize the government.

[misha-b.livejournal.com]

> Why would anyone want to own a house and pay extra taxes under such a law? Our own anything fit that matter?

But you are already paying a wealth tax on your house. It is called a property tax. Are you arguing for abolishing those?

[ny-quant.livejournal.com]

I would if i could but regardless wealth tax will be in addition, not instead of.

[misha-b.livejournal.com]

The idea is to replace all taxes with the wealth tax. Of course, this is not the reality of it.