Billionaire Tax Faces Likely Constitutional Challenge

to tax billionaires’ unsold assetsIf enacted, the tax would almost certainly face a legal challenge, given the clear incentive for a taxpayer to spend millions in legal fees to save billions on taxes.

Well because it is

Have the things they already do are likely unconstitutional

Rather conveniently, they can amend the constitution. Never understood the obsession on if a new law is or is not constitutional when it's considered a 'living document' & can be amended at will. FYI: against this policy, but let's not pretend it can't become policy given time.

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You mean the dark-money-bought partisan hacks on the court will do GQP's bidding.

Yeah. How dare we ask them to pay their fair share. The indignity of it all ...

IT really is sinister. They intentionally try & sell the American people the fiction they are fighting for us. SAME TRICK 40 years straight! We ain't buying what you are selling. Donors are just BEGGING for Wealth Seizure as PUNISHMENT. Just to make them pay for these stunts.

DNC is doing as it always does; PRETENDING to fight for the people while in fact ensuring behind the scenes they have pitfalls they can INTENTIONALLY walk into. They are just pulling the same stunt Oil and Gas did with the Carbon tax. Supporting something they know will fail

This is the EXACT same thing you tweeted earlier.Did not like my responses so tweeted with fresh commentary? Don't worry. I can comment on this one too. BTW: Tell the wealthy *I* am coming for them. Non-violently but full of resolve to make them regret thinking they were clever.

Oh I'm sure our founding fathers thought of that

Well had had no problem in the 1950s!

Dem or Rep … ?

Funny, don’t recall that throughout U.S. history, but I’m sure it will be under this Supreme Court.

But watching everyone’s transactions after $600 is super constitutional…

isn't property tax system using the same philosophy. Thats legal so this should be legal too.

Everything they are doing is unconstitutional. The media has failed by being lapdogs

It probably is unconstitutional.

You mean taxation with oversized representation? Actually that's very constitutional.

IT IS ABSOLUTELY CORRECT

You sound scared, also dishonest.

Bezos the boss wrote this?

Unconstitutional to raise taxes on rich people ? Are you kidding me ? Wasn't unconstitutional when Obama did it ! Is unconstitutional to allow billionaires and huge corporations to not pay taxes ?

good

And that angel from heaven is you

Lol!!!! Like that's stopped them so far.

Cool. So is my income tax.

Why don’t they tax the Millionaires too? Because all the Senators, Congressmen and women are nearly ALL Millionaires. Even AOC! Don’t let them fool ya.

Bullshit. That argument failed on every income tax challenge as well as the old luxury tax.

The notion that taxing income is unconstitutional is ridiculous

Wall Street Journal digging up constitutional stuff to rebut the the tax on billionaires? What's that you say now?!😑

Clearly unconstitutional because the 16th Amendment says “…from whatever source derived.” In no sense can unrealized gains be said to have been derived. It’s hypothetical income, not real income.

But tax breaks 4 the rich is ok. What a stooge

Of course the Wall Street journal has a bullshit take on this

“It is easier for a camel to go through the eye of a needle than for a rich man to enter the Kingdom of God”…God

But having them pay ZERO while the blue collar pays up the ass is constitutional.

It's a sin & a shame that billionaires r tax cheats. They should want to give back to the country that's enabled them to be so prosperous. Instead of hiding their money in offshore accounts, they should pony up & pay their fair share. How ungrateful the 1% & big corps r acting!

Are you sure? It might be just underneath the part that allows hiding all of your wealth in the Cayman Islands

Change it

Do u think they care about the constitution? And It should be unconstitutional

Just what the Democrats want. They can tell the progressives they are moving forward closing the income divide and tell their wealthy supporters not to worry because the SOTUS will knock the tax down.

How so? Billionaires, in and of themselves, are not a protected class under the U.S. Constitution. If taxing billionaires is unconstitutional, then how are any tax burdens or benefits based on income constitutional? This sounds like specious to spurious legal reasoning to me.

This proposal makes ZERO sense. They are trying to tax investments that have never been sold. What happens when they take a loss, does the government write them a check? Fucking stupidddddd

constitutional do-over long overdue

They were never big fans of the Constitution anyway.

And large companies who pay nothing IS constitutional ?

So long as it gets their CBO score they are probably fine with it. Billionaires are their main constituents

If taxes are unconstitutional im not paying my income tax or paying my property taxes

Of Course! The Billionaires win and the poor and downtrodden get shafted!

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