I say those who want it, should try it for a couple years. If they don’t mind . . . then we can think about something. What’s good for the goose and all.
The author from the link I provided made a similar point as well. Wealth in things like property are more personal and more subjective to value than something like income. That’s why I said every wealthy person who would be affected is almost certainly going to have their lawyers and accountants ready to contest this if it were ever to happen. That’s why the point of this thread is to reject any estimates they throw out there.
Nope, everyone.
They are poor because they are greedy and envy the expensive goodies others have. They then spend money on crap they don’t need and can’t afford to look cool.
They then end up consumed with credit card debt for those items and get buried in the interest charges they rack up by only making the minimum payments if that.
Hide what exactly? Overspending is a disease in this country and it’s a direct result of consumerism.
The average family today is running up over 10k in consumer debt per year and most can barely keep up with the minimums.
You’ve got people living on welfare today running around with thousand dollar phones and credit cards buying 150.00 name brand sport/athletic shoes and a thousand dollars worth of “school clothes” they’ll outgrow in a year.
Living beyond your means is how people end up so far in debt they can never work their way out of it.
Prove it.
Don’t hold your breath.
You know that the version of Jamestown that you are talking about is a right wing myth… right?
The old poor people are bad argument, lol
If you take away consumerism, what happens to the economy?
Look I have no doubt that the government is going to find a formula by which they will seek to work off of, but that is not the gist of my thread. The point I am making is that all projections on this are highly speculative and let’s be clear it is never enough to grow government the way in which Warren and Sanders want to. Do you really believe that the wealthy are not going to fight what is going to amount to a huge invasion of privacy? Lets’s play a game, why don’t you tell all of us here everything you and your family own? Do you honestly think that there will not be unintended consequences?
One of the other questions that should be asked here as well to those on the Left is whether or not they have any concern about government being granted such and intrusive power?
Aren’t liberal politicians the most benevolent and generous people in the world…when it comes to the wealth of others that is.
I know that is a left wing claim that it is a myth. Things that do not fit the left wing narrative are branded “myths”.
They are indeed. Actually they use the money of others to buy votes actually.
Vote for us we will give you “free” stuff.
Revisionist left wing history no doubt. The left doesn’t like history they just rewrite it.
The fact that socialism failed the 1st year was taught in our American History books back in the day.
The souvenoir shop there still sells the “If you will not work you shall not eat” souvenoirs.
By all means stick with your story. 
Keep those blinders on!
Sad.
That’s pretty much true for all campaign platforms. It’s pretty rare that a campaign promise that does actually get made into law in some way or another is 1:1 to the original promise. Obama lost his public option. Trump hasn’t made the Mexicans pay for the wall. Etc. The more radical the proposal, the less likely it will pass… so unless the DNC suddenly gets a super majority in both houses, even if Warren does get elected, I doubt this tax will become law.
I don’t think privacy is the concern for them. Probably not too many $50,000 solid gold dildos. The wealthy will fight, of course… but its not going to be over privacy, its going to be over just not wanting to pay more in taxes.
Well if price isn’t a factor, we own too many things to list… but if we’re only talking about things that are valued over $50,000… then I believe the answer is nothing since we don’t own our home. I think the most valuable object we have is our Honda CRV which I think is worth about $26k… well, less than that by now as its depreciated since 2016 when we bought it.
No, because wealthy liberals will always find a way to shelter their wealth from being taxed. So will wealthy conservatives. Again…it will fall on the middle class to make up the difference.
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His challenge to you did not have that limitation. Or, if it would have some limitation, you would need to proportionally shrink the threshold value. Sanders wealth tax is on people with values over 50 million. To impact you, let’s say the personal wealth value drops to 50 dollars. That would mean a proportional asset value would drop to 5 cents. (Divide 50,000 by a million to get the same proportion.)
The point of the challenge was to help you understand the added impact to you of a wealth tax.
