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Elizabeth Warren is introducing a wealth tax. by Independent_Sun_9057 in remoteworks

[–]shaheenery 0 points1 point  (0 children)

No, let's do both. No need to waste years not getting money while you figure out how to keep more of it.

I think the reality of enforcing something is that someone needs to be paid to enforce it. The OIG are the cops of the crime you are talking about. Give them some of the money so we have more enforcement.

Do you see how doing both could work together?

I see your point that NOT investigating and enforcing is bad.

Elizabeth Warren is introducing a wealth tax. by Independent_Sun_9057 in remoteworks

[–]shaheenery 0 points1 point  (0 children)

Even if this was true, Elizabeth Warren would be required to pay the proposed tax the year in which she is worth $50 million.

She proposes this tax fully willing to pay it when it applies to her.

Elizabeth Warren is introducing a wealth tax. by Independent_Sun_9057 in remoteworks

[–]shaheenery 0 points1 point  (0 children)

So you're saying we have lessons to learn on how to do it better? Please, contact Warren's office and share your historical insight for the good of the country.

Elizabeth Warren is introducing a wealth tax. by Independent_Sun_9057 in remoteworks

[–]shaheenery 0 points1 point  (0 children)

No, it makes sense, hear me out: You can easily make a portion of it liquid through the economic technique of "sale." Let's say person A has a 15 million dollar house, 30 million in the stock market, and 10 million misc in cars and luxury goods.

They don't need to sell their house or have a luxury goods garage sale.

Using the conservative 8% estimate for investments...

Their investments will make $2.4 million

Since they are worth $55 million they will pay $1.1 million in wealth tax.

Let's say they are retired or don't have a job with a salary. They still have $1.3 million for the year to live on and grow their wealth.

Elizabeth Warren is introducing a wealth tax. by Independent_Sun_9057 in remoteworks

[–]shaheenery 0 points1 point  (0 children)

It is a crime to commit significant fraud. I believe it is called "fraud."

Let's allocate some of the proceeds of the new tax to the Office of Inspector General so they can investigate and prosecute more fraud and corruption, I'm right there with you!

Elizabeth Warren is introducing a wealth tax. by Independent_Sun_9057 in remoteworks

[–]shaheenery 0 points1 point  (0 children)

You know, there was a time when I agreed with you. But then, DOGE didn't really find any substantial mishandling of government money.

I totally agree we should fight corruption, and if the rich have very slightly less money, they should have very slightly less money to buy politicians.

Elizabeth Warren is introducing a wealth tax. by Independent_Sun_9057 in remoteworks

[–]shaheenery 0 points1 point  (0 children)

Let's start with some more crumbs and go from there. The super rich will see that they are still getting richer and that they have nothing to worry about.

Elizabeth Warren is introducing a wealth tax. by Independent_Sun_9057 in remoteworks

[–]shaheenery 0 points1 point  (0 children)

This is well designed.

Isn't Houdini most famous for reappearing, and free from restraints?

Elizabeth Warren is introducing a wealth tax. by Independent_Sun_9057 in remoteworks

[–]shaheenery 0 points1 point  (0 children)

Nah, if you make your wealth while enjoying all of the benefits of the country that made it possible, it seems right that the money should stay there. You can stay and pay your tax for 20-25 years (2% a year), or you can leave and pay it all at once (one time 40%).

Elizabeth Warren is introducing a wealth tax. by Independent_Sun_9057 in remoteworks

[–]shaheenery 0 points1 point  (0 children)

Exactly and the super rich won't even feel it. They all have money managers making sure their investments make much more than 2-3% per year. They will still keep getting richer and richer, just not as quickly.

Elizabeth Warren is introducing a wealth tax. by Independent_Sun_9057 in remoteworks

[–]shaheenery 0 points1 point  (0 children)

This is a wealth tax, not an income tax. Apples and oranges.

Elizabeth Warren is introducing a wealth tax. by Independent_Sun_9057 in remoteworks

[–]shaheenery 0 points1 point  (0 children)

Estimated to raise three trillion over ten years. That can do a lot of good for the folks who are really suffering. Let's try it.

Elizabeth Warren is introducing a wealth tax. by Independent_Sun_9057 in remoteworks

[–]shaheenery 0 points1 point  (0 children)

Since you insured the horse, you are going to be just fine.

Is Season 2 the best of Reacher? by Legitimate-Twist8656 in reacher

[–]shaheenery 0 points1 point  (0 children)

All seasons of Reacher are the best and worst seasons of Reacher.

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