Topic: Elizabeth Warren Doesn't Understand Wealth Taxes (Read 367 times)

I guess we all think that until we actually achieve that kind of power, not saying all people would steal too but power certainly seems to change people.

It's a standard socialist trick.

What I never understood about it is the simple fact that the greed of a person, like you or I, could never even begin to approach the greed of a country to steal from its citizens.

Under such a system, we peeps would probably never pay another dime in 'taxes' as they are currently implemented.  And we would have a 'scared straight' government which functions better.

Greed is one of the primary destructive forces in people. Greed can cause people to focus on what they want so extremely fiercely that they forget to maintain their own life properly.

If we got rid of government regulations, and let people know it, people would automatically become their own job creators.

Never understood when people attack greed for being wrong. Greed isn't wrong, it's what started this country and what is going to continue to define it. I see little to no purpose in life if you're not continuously longing for some sort of end goal -- which is you, being greedy, and chasing a goal.

Punishing those that are job creators isn't going to work, and its seen in countries such as Venezuela the horrid atrocities that can come out of that mentality.

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Never understood when people attack greed for being wrong. Greed isn't wrong, it's what started this country and what is going to continue to define it. I see little to no purpose in life if you're not continuously longing for some sort of end goal -- which is you, being greedy, and chasing a goal.

Punishing those that are job creators isn't going to work, and its seen in countries such as Venezuela the horrid atrocities that can come out of that mentality.

LULZ in this thread the sky is falling, USA will become Venezuela, no one will create a business ever, no one will ever own anything, the government will control who makes my jeans and there will be bread lines 100 miles long because of a 2% tax on  ~.1% of the US population.

Ironically ~70% of Americans support higher taxes for the top tier of wealth holders.

If a person is taxed at 2% of their wealth how long would it take the government to take all of that persons money?  Answer: Never...

Of course it's greed. The genius is to let people think they are free, and that they are benefiting themselves by their labor. Then the people will work hard and willingly, for themselves - 'cause they are greedy, too - while you pick up a little bit of profit off each of a big bunch of them.

In the Revolutionary war, the rich geniuses who figure out the Constitution needed help to fight King George. What they did was give the people real freedom so that the people would back them. And that almost wasn't enough.

Today, government consolidation is pulling the freedom away. It isn't the geniuses in government doing it. It is the Elizabeth Warrens. And the people are falling for it, 'cause they aren't intelligent enough to see what is really happening.

But it will ultimately backfire on her. People don't work well under socialistic slavery.

That is funny because the most intelligent people were socialists (Einstein, Hawking(

It is just greed, plain and simple.  Some people get joy from watching others suffer.  A lot of life comes down to luck but narcissists believe they did something extraordinary when it was just a roll of the dice.

That is funny because the most intelligent people were socialists (Einstein, Hawking(
....

That is funny because the most intelligent people were socialists (Einstein, Hawking(

It is just greed, plain and simple.  Some people get joy from watching others suffer.  A lot of life comes down to luck but narcissists believe they did something extraordinary when it was just a roll of the dice.

If anyone is considered a leech on society it should be the wealthy.  They make money off renting houses, dividend paying stocks, etc.  They make money off OTHER peoples work.  No one is self made, without society their inventions would have never been successful.  We should all be a team working for a greater goal, not fighting against each other.

They don't have to increase the price of anything to make money, though, their services will always cost money.

Elizabeth Warren released her greatest new idea -- a wealth tax on the super wealthy, would allow for a 2 percent tax on those people net worths that are above 50m.


A one size fits all tax program isn't going to be the way, I don't think that some people don't understand that super wealthy people (such as Jeff Bezos) aren't sitting around with piles of cash thinking about what to do next -- they're people with shares of a company that they're not exchanging on a daily basis. You're going to be taxing them on their networth, which isn't easy to analyze -- as the IRS is going to have to enforce this by looking at all of your assets and determining a market value for these assets.

But let's think about companies that aren't large, privately held companies that don't have values that are public. To verify if you're paying the correct amount, the IRS is going to have to hire private equity analyzers to find out how much a company is worth -- then probably have it disputed by the other side as they may have their team fighting them on the valuation (as they want it to be lower, to pay less in taxes)

None of this even harps on the fact that taxes on wealth are going to cause capital to leave the country and stifle innovation, as people are going to look towards ways to avoid this tax.

Also, there are multiple arguments about the constitutionality of such legislation -- as the Income Tax amendment doesn't allow for a tax on wealth by the Federal Government.

This is a pipe dream and without a doubt a way to try to please the base.

Let's see what everyone else thinks here.

Some random articles:
https://www.wsj.com/articles/elizabeth-warren-doesnt-understand-wealth-taxes-11549228772?mod=hp_opin_pos1
https://www.city-journal.org/elizabeth-warren-wealth-tax

We should all be a team working for a greater goal, not fighting against each other. If anyone is considered a leech on society it should be the wealthy.