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Democratic Primaries

dsc

(53,302 posts)

14. No it wouldn't

Reply to bluewater (Original post)

Sun Oct 27, 2019, 07:12 PM

Oct 2019

Look I think a wealth tax is a good idea and would be helpful overall but by no means would that relatively small tax solve inequality. They would still be paying less on their wealth than the majority of home owning lower middle and middle income people.

If I were to vote in a presidential
primary today, I would vote for: Joe Biden

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Warren's wealth tax would solve economic inequality, says economist Gabriel Zucman [View all] bluewater Oct 2019 OP

I'm for a wealth tax. Turin_C3PO Oct 2019 #1

Great! I am tired of paying property taxes on my home. bluewater Oct 2019 #3

Cute, but flawed & unrealistic in so many ways. oldsoftie Oct 2019 #2

Don't forget the payroll taxes for Social Security. bluewater Oct 2019 #4

But i'm referring to income taxes. 1/2 of federal income comes from income taxes. oldsoftie Oct 2019 #5

"the rest of the population pays 25-30% of their income in taxes" bluewater Oct 2019 #6

Of course. Its pretty simple. But it requires being objective & honest oldsoftie Oct 2019 #8

You are forgetting another major tax source bluewater Oct 2019 #10

You are MOST welcome!!! And thank YOU oldsoftie Oct 2019 #11

OK, so using Warrens 2% tax on over 50M, you STILL wont get nearly enough oldsoftie Oct 2019 #9

You need to show some math on those numbers. bluewater Oct 2019 #12

Well, i just estimated how much of the 31T covers the "over 50M" crowd. oldsoftie Oct 2019 #13

What we need is a better breakdown of wealth distribution or we are just guessing. bluewater Oct 2019 #16

We used to invest in our society at large Turbineguy Oct 2019 #7

No it wouldn't dsc Oct 2019 #14

Even if it is a good idea, it will never pass. I prefer ideas and plans that actually have a chance Thekaspervote Oct 2019 #15

Well overdue! WobblyDem Oct 2019 #17