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A wealth tax is a terrible idea

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Posted By: Imright, 2/15/2020 2:32:51 AM

Throughout the first stage of the Democrats' nomination contest, Sens. Elizabeth Warren and Bernie Sanders seemed to be competing against one another for who can impose the most burdensome new taxes — or better yet, who can crash the U.S. economy quicker if elected.Both candidates promise to impose higher estate taxes, higher taxes on small businesses, and a new “wealth tax,” which the Tax Foundation's analysis shows would kill jobs and slow economic growth.Warren and Sanders agree that income inequality is an issue that must be addressed by a more progressive tax system. It's an understandable view for the two since they both put their faith in the same economists,

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Reply 1 - Posted by: GreatGreyhounds 2/15/2020 6:48:28 AM (No. 318938)
It’s only other people’s money! When you’ve never held a real job, or had to make payroll, it’s super easy to spend, spend, spend.
1 person likes this.

Reply 2 - Posted by: franq 2/15/2020 8:17:53 AM (No. 318989)
Income tax is a terrible idea. Graduated tax rates are a worse idea.
1 person likes this.

Reply 3 - Posted by: stablemoney 2/15/2020 8:52:19 AM (No. 319024)
Democrats, why do we need a tax? To feed, educate, and house more illegal aliens? Democrats have all kinds of plans to take from the middle class. I hope the Democrats are beaten to a pulp in the next election.
5 people like this.

Reply 4 - Posted by: LC Chihuahua 2/15/2020 10:21:24 AM (No. 319188)
A wealth tax is a terrible idea: Totally agree. Here is a novel idea. GROW THE ECONOMY. A bigger economy will mean more tax revenue. Morons like Sanders, Warren, and the rest of the Democrats would break the legs of the economy hobbling it making it limp along.
1 person likes this.

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