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2023-12-03 -Land of the Free

Democrats introduce 'billionaires tax' on unrealized capital gains

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Posted by Besoeker 2023-12-03 02:21|| || Front Page|| [24 views ] Top

#1
Yep! Another TAX the RICH, BS PR story for elections.

If history repeats itself, like it has for the last 100 years, that the Federal Income Tax has existed.

The Rich will donate $$$$ to certain politicians and family members.

Then the TAX THE RICH bracket will become full of Loop Holes and end up taxing the Middle Class more, as usual.

Posted by NN2N1 2023-12-03 06:33|| 2023-12-03 06:33|| Front Page Top

#2 Federal income tax began as a 'rich man's' obligation as well.

Posted by Besoeker 2023-12-03 06:37|| 2023-12-03 06:37|| Front Page Top

#3 It never ends. From each according to their ability, to each according to their needs. In the latter case, politicians who live to spend other people's money.

How about a sizable tax on congresscritters and their family members who profit from inside trading. Add in the annual 'unrealized gains' from reelection funds that they get to covert to personal money when they leave Congress.

Posted by Procopius2k 2023-12-03 07:26|| 2023-12-03 07:26|| Front Page Top

#4 /\ 'Term limits' are very badly needed.

* A blinding flash of the obvious.

Posted by Besoeker 2023-12-03 07:45|| 2023-12-03 07:45|| Front Page Top

#5 @#2 - Precisely.

Just another nail in the bag in preparation for the coffin of this dying/walking dead republic.

Posted by DooDahMan 2023-12-03 09:09|| 2023-12-03 09:09|| Front Page Top

#6 Leave it to the Democrats to invent a tax on something that doesn't exist.

Posted by Raj 2023-12-03 09:46|| 2023-12-03 09:46|| Front Page Top

#7 Do you get to deduct losses if your stocks, real estate, or whatever loses value?
I didn't think so

Posted by Rambler in Virginia 2023-12-03 11:05|| 2023-12-03 11:05|| Front Page Top

#8 They’re aiming it at Donald Trump, but if it ever actually passes it’ll hit the numerous Progressive tech billionaires even harder.

Posted by trailing wife 2023-12-03 11:38|| 2023-12-03 11:38|| Front Page Top

#9 back 30 years or so quite a few countries had a 'wealth tax'

it is down to only a few now: Colombia, France, Norway, Spain and Switzerland. Each of these is plagued by problems of valuation and capital flight.

By the way, in 1999, Donald Trump proposed a one time tax on wealth. See link embed or below

https://www.cnn.com/ALLPOLITICS/stories/1999/11/09/trump.rich/index.html?_s=PM:ALLPOLITICS

Posted by lord garth 2023-12-03 12:23|| 2023-12-03 12:23|| Front Page Top

#10 Talking Point Noise for use this election season to keep the clueless morons in the base on the plantation. As long as the billionaire class overwhelming supports the Progressive's it will just be blather. To quote an old Scottish Proverb: "You don't sh*t where you eat" !

Posted by NoMoreBS 2023-12-03 13:27|| 2023-12-03 13:27|| Front Page Top

#11 Leave it to the Democrats to invent a tax on something that doesn't exist.

What's that?
Healthcare or Income?

Posted by Skidmark 2023-12-03 23:31|| 2023-12-03 23:31|| Front Page Top

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