No. No. No. no wealth tax. Reinstate the internal revenue act of 1954! gop policy created the middle class. backto54
Yeah, start with the millionaires in Congress, see how that plays out... have Paul Pelosi write the first check....that would be a hoot.....
Good!!
Why? “The top 0.1% of families pay the equivalent of 39.2% and the bottom 20% have negative tax rates. That is, they get more money back from the government in the form of refundable tax credits than they pay in taxes.”
This makes too much sense folks. Effects about 75K filthy rich people who will still be filthy rich after the tax. This is where the vast majority of Americans need to show solidarity for each other and not let their elected officials bend to the whims of a bunch of billionaires.
I’m not a fan of the current administration and TheDemocrats are not providing a better alternative.
I feel like she’s just copying off AOC but in a less interesting way
Eugene_Scott Nothing like being penalized for being successful. What a joke.
SenWarren let’s start at the level of Senator Warrens income - we know she’s rich. Let’s redistribute the wealth of our Congress.
GOOD!
Here’s her at work!
Tax rate started at 2%
Globird3 Why bother? It ain’t passing the Senate 53-47 😂
AnnieLinskey What a great idea! Good thing AOC was there to take all the flak and make it safe
Oh goody the first steps in Civil war in America.
Nuts.
This is a great idea; with this revenue stream we’ll be able to build a diamond-studded Wall !!!! Interesting $50 mil is Lizzy’s prosed threshold for the Wealth tax; I guess that means her assets must be right at $49.99 mil ? She’s a hoot!
For the democrats the only way to look for money is taxing the rich.
Why do we need a new tax, why doesn't the government live within its means? Cut federal aid to other countries and keep the money at home, cut the politicians salaries, benefits and retirement like the private sector does.
So in 10 yrs they would loose 20% of their net worth? Hey,why not just confiscate 20% of their net worth. Sounds a bit communistic, no?
So she'll put the rich in guillotines... but only give them a haircut. 🤣 '2%!' BWAHAHA
We do not need more tax !! We need correct use of tax payers money...
It’s amazing how she wants to tax the rich because doesn’t like the greed and that’s it. No plan on what to do with extra money if this works or anything. Great plan.
The wealth tax would raise $2.75 trillion over a ten-year period from about 75,000 families, or less than 0.1 percent of U.S. households, Saez said. YET EVERY SINGLE REPUBLICAN WILL ACT, ADVOCATE AND VOTE LIKE IT DIRECTLY AFFECTS THEM! EVERY SINGLE ONE.
Co-author of Arnold Palmer’s memoir James Dodson played with Donald & Eric Trump at Trump Natl Charlotte. In an interview airing May 5 2017 on Boston’s public radio Dodson describes the episode in which Eric admits all of the investment in his golf courses come from Russia.
45% is the optimal tax rate with no deductions on wealth over 100 million. Good luck.
She is one wacky lady. Another reason Trump will be re-elected
I think it depends on earnings of how someone very wealthy gets their wealth. I do not necessarily support a wealthier tax, I don't like giving the super rich any position to argue that their payment means more.
YEah because I don't see WHY people working for free would have to use the soup kitchen.
We could avoid most of the redistributive taxes. Just have to pay workers the decent wages they actually deserve. Strengthening unions would help wit- oh, I forgot, conservatives and neoliberals hate unions too.
Her running mate should be AlexandriaOcasioCortez 2020election
How about we require them to pay their share of taxes or they must relinquish their citizenship?
The poor and middle class will NEVER see a penny of that tax money because she will use it to buy votes!
Will Soros pay?
hope to see same tax for my country. 🙏🏻
FlipTheTax
Revolutionary thinking. Very new and exciting. Never been tried before!
Elizabeth Warren to unveil presidential campaign theme song simultaneously with wealth tax proposal.
Unless you have assets = $50,000,000 you won’t be taxed. If this is redistributed to the 99.9%, demand will increase in the economy for goods and services. This demand will necessitate a supply of jobs to quench it. The alternative is to keep waiting for the trickle.
Politicians always promise unicorns and smurfs but what you get is a three legged donkey and a chia pet. If there is going to be a wealth tax then there should be a cuttothe size of the federal government to match it
Instead of additional taxes partnership with their businesses to create jobs for the hard to employ like reentry for former prisoners!
The beginning of the government taking everything...we should all be quite alarmed.
It is about time.
Why not make it $10 million? Who needs more than that? But so many of the political elites in DC would be voting against themselves! 😂
Love it...but I see a veto in the works...😒
the DO it ! SenWarren
It might not be wanted here where we who will be affected run things. That's too ideological it would seem. There are some who say she should try something a bit more subtle. But what is the aim. Are they trying to get revenge for injustice. Do they want to punish your successes.
That is the most stupid thing you can do. Everyone with money will leave the country. The economy is falling.
Eugene_Scott Good. Tax the sh*t out of them.
Nothing sells to a far-left crowd like class warfare and a strong whiff of patchouli-soaked socialism.
U know, America is a proud country, we in general like the(BOSS COUNTRY) title but to be recognized as a respectable boss, u better have ur sh*t together, under Trumps leadership, America is so F**ked up, it's not funny anymore, take a world poll and see if i'm right.
I like how you can’t even read these articles because they ask you to pay $$
OOPS! This didn't age well. Lol, WaPo is a pathetic joke.
SenSanders ewarren SenSchumer AOC RashidaTlaib
It’s called a marginal tax rate, and I’m pretty sure anyone making more money than all their workers combined can afford it.
Saint Happening! Enough said!
They have created their own monster..how? wage disparity...and the constant rich welfare..distribution... will come back and hit them in the arse... it is!!! just Wait...greed can lead to people pushing back..its happening..NOW.
Warren is just putting on a show. A wealth tax already exists, it’s called the estate tax with already hits the income level Warren wants to tax. WP is FakeNews
Don’t worry, it won’t affect you, so save your ignorant socialism comments.
Muh upper 1%
50 million. Lol the democrats do want to decide what you make and the rest they want to do as they see fit ! They made sure its at a point where none of them will fall in that income range ! so what they are saying if you own a business that earns excess of 50 million FU
People that have a chance to be something or worth something in the future need to vote. Hope we have jobs when all are paying higher taxes can’t afford a payroll anymore!
Please....she’s just trying to get that AOC demo. I bet she wants to cut taxes.
You go girl!
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