Elizabeth Warren has been campaigning on a wealth tax proposal.

Naturally her followers are all in favor of seeing the rich punished for being successful especially if they think they would get a share of the loot in the form of an expanded ration from the welfare state. As always when the government taxes A and gives to B, B likes it. Notice that although Warren is quite wealthy her family wouldn't be paying the tax.

The unintended consequences, the requirement for the Federal government to create and maintain a comprehensive database of all private assets with valuations and the shift from an ownership society to one where assets are only rented from the government as long as the value tax is paid.

https://www.taxpolicycenter.org/taxv...t-expectations

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If Democrats were confident their nominee actually received more than 80 million votes they wouldn't have more troops occupying Washington, DC than Lincoln had defending the city during the Civil War. Not Joe Biden, Kim Jung Biden.

This is beyond illegal...

"Double-taxation" is one thing, but to repeatedly tax the same assets year after year is despicable...

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"You get the respect that you give" - cnredd

Once again, the left rolls out a proposal that appeals to their uneducated base that sounds good on the surface but has serious ramifications if/when put into practice. It is convenient knowing that a majority of your audience bases their political positions not on reason and logic, but on emotional reflexes to proposals that target people they perceive have it better than they do without understanding the consequences of such policies.

I don't blame the politicians or constituents, I place blame squarely on the NEA for infiltrating our schools and indoctrinating our youth with their leftist mindset instead of teaching critical thinking skills. If children had been taught to think for themselves during their formative years, the left would not have a chance to even propose such stupidity.

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To argue with a person who has renounced the use of reason is like administering medicine to the dead - Thomas Paine

A lie doesn't become truth, a wrong doesn't become right, and Evil doesn't become good, just because it is accepted by the majority. - Booker T Washington

So Liz finds that stealing 20-30% of what you earn is insufficient to fund her free stuff for all ideas, and so is demanding 2-3% on what you already have, which will soon be 5%, is a good plan.

There is a reason that the left is comfortable with over half the population being wards of the state.

It plays right into their plans. The more people they can make dependent upon the government, the larger the voter base. Generally speaking, the people that view welfare as a lifestyle choice are the uneducated base needed to believe every left wing, socialist policy that is put forward.

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To argue with a person who has renounced the use of reason is like administering medicine to the dead - Thomas Paine

A lie doesn't become truth, a wrong doesn't become right, and Evil doesn't become good, just because it is accepted by the majority. - Booker T Washington

Business personal property taxes at least are tied to depreciation of the asset, but really is a version of the double taxation (State and locality). On personal property in NC for an individual, you best keep it to a non-motorized scooter.... https://www.mecknc.gov/AssessorsOffi...-Property.aspx

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Your life is the sum total of the choices you make.
If you don't laugh at yourself, a whole bunch of people will volunteer to do it for you
I never lose. I either win, or I learn....

The same IRS that engaged in political repression to help Obama get re elected will determine the value of your property. No doubt your political connections will influence your valuation.

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If Democrats were confident their nominee actually received more than 80 million votes they wouldn't have more troops occupying Washington, DC than Lincoln had defending the city during the Civil War. Not Joe Biden, Kim Jung Biden.

I wonder if Liz will exempt rich entertainers from those extra taxes.

Or would they tax Oprah's Private custom jet? and her Yacht?

I saw on line that Paul Allens mega Yacht was up for sale, and then I got baited and hooked into looking at all the mega yachts that people own. Low and behold, the vast majority were owned by entertainers. Beyoncé, Depp, etc.. And I hope P. Diddy doesn't have to pay extra tax on his 72 million dollar yacht.

This is the third step in the trans formation to socialism

First the government spends money it doesn't have on social programs which indenture the population to the government.
Then the government takes higher taxes to pay the deficits.
Then it begins to tax and attach the accumulated wealth of it's citizens

Proof positive that when socialism runs out of money they steal it from the people who have it. The rich then hide their money. Once that happens, and the common people's cash is gone or inflated, the system fails altogether.

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I am going to hang a Batman Costume in my closet. .......... Just to screw with myself when I get alzheimer's.
sola gratia, sola fide, sola scriptura.

I AM NOT A REPUBLICAN, I AM A FREEMAN, THE DEMOCRATS WORST NIGHTMARE

Some sort of wealth tax is needed to run the danged country or would you build roads and bridges and fund the military with middle and poor people tax cuz that isn't enough
every successful civilization has depended on rich people for tax; every successful civilization has had at least 2 things: taxes and a good census.

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I like candy corn.