A group of US billionaires is calling for a wealth tax

Wages are stagnant while that money workers should be getting by all logic goes instead to the few who already have massively excessive amounts of wealth. It's the kind of economic situation that Robin Hood was based on. Meanwhile, you would rather blame the government for imposing taxes on those shrinking earnings than deal with that tiny number of people holding the majority of the national wealth, even while failing to acknowledge that higher taxes on those wealthy few would be far more fair and, obviously, of no great harm to those wealthy few. When you're a billionaire, you can afford to give up millions in annual taxes. It doesn't make any difference to your standard of living.

Then there is the corporate problem. Our damned corporations are most responsible for those stagnant wages and for the loss of good benefits and the increasing overworking of employees with longer hours and decreasing vacation time over the years, yet many of them pay -no- taxes! NONE! That's how screwed up our system is, and Republicans in particular are determined to keep it that way.

 

I will believe that a wealthy person hold honestly to this position when you show me that they consistently file 1040 EZ for their taxes.

 

Wages are not stagnant. Stop making crap up!

https://www.marketwatch.com/story/a...orkers-likely-to-keep-accelerating-2019-03-08

No, it's not like Robin Hood. It's just the opposite.

Robin Hood was stealing from the King (the government of the time) who was taxing the people to death and giving the money back to the people. Robin Hood was the tax cutting hero of the its time.

Corporations employ tens of millions of people giving them a damned job.

 

Tax cuts allow people to KEEP more of their OWN money. How is that being "entitled to other people's money"????

 

Any arbitration service that wants to maintain a good reputation and attract business would have to be seen as fair to all parties. In the case of someone who couldn't afford a basic defense, they would be provided basic counsel just as they are today in the governmental courts. Of course that situation would be far more rare since people wouldn't be taken to arbitration unless they'd actually done some kind of damage to another person or their property. A person injured by an indigent might not pursue any action at all since the goal of the arbitration would be compensation for damages and a poor person that couldn't make compensation even if the arbitration ruled it would make arbitration not worth the cost to the injured party.

What is ludicrous is to think that anything the government does couldn't be done better by private enterprise in a free market.

 

A political stunt. How do you tax these people's wealth every year, how do you calculate it, it is a moment in time number, an average number. Who assess the value of everything, EVERYTHING they own to come up with the taxable number? Just because you have money does not necessarily mean you have any common sense or knowledge of taxation.

 

Lead by example

 

Tax cuts is not other people's money. That's what you guys don't get. It's their money in the first place, at least until it gets taxed away.

 

Going by that silly cherry-picked chart, people were earning more in 2009 than they are in 2019. Obviously it is irrelevant to the issue, which is that wages and salaries are stagnant, especially when adjusted for inflation.

The difference between Robin Hood and our situation today is that it isn't government that is taking our wealth, but private entities. Robin Hood today would need to steal from the billionaires, who are effectively royalty in our society.

 

Private individuals don't have the power to take other people's money.

Only government takes people's money via taxation.

 

Semantic?? In order to tax incomes, people have to have an income in the first place. That income is, however temporarily, their money. The idea that somehow it belongs to the community is nuts.

HOA and apartment fees are optional and not income based. I don't pay either. By choice.

 

Plenty of places to live! If you're elderly or not good with repairs then the fee's are something you would eventually pay a contractor to do for you anyway..

 

The first person I heard suggesting a tax on wealth was Don "the Mensa" tRump.

 

My point it to not make another law ESPECIALLY one that will be skirted by those with the means...

 

Because
1. Because they ARE entitled and who are you to burst their bubble?
2. Consider it reparations for all the years their ancestors were slaves/fiefs/vassals of somebody, somewhere at sometime...

 

In November, 1999, Don "the Mensa" tRump proposed a one-time 14.25% tax on wealth to erase the national debt, claiming eliminating the national debt would boost the US economy by 35%.

Source: http://www.ontheissues.org/Donald_Trump.htm

I've asked many times for someone to find me any conservative who would propose that and no one could. Until recently, it would be hard to find anyone proposing a tax on wealth.

A person's wealth can be in so many things, it's hard to assess the true amount at any given time.

 

1) The key word is "one time", but the left-wingers want it forever.
2) What's the sense of paying off the debt with a "one time" tax if spending isn't going to be brought back under control?

 

Government spending as % of GDP has been relatively flat for half a century. Obviously you’ll find peeks during recessions/economic slow downs. Our spending history suggests our issue resides on the opposite side of the ledger.

We should investigate a wealth tax on a percentage of the top 1%. We should also investigate eliminating property tax (the current wealth tax) and all exemptions and deductions in favor for an elevated standard deduction on the Individual taxation side of the equation.

The biggest issue is deciding who we are and what our standards are and then raise the revenue required to meet our requirements.

I’m a less is more guy so my focus would be on broad categories of health, education, and security. Simply because I believe if you’re healthy, educated, and secure you’ve got a legitimate shot to do anything and we—as a country—have a legitimate shot of existing well into the future.

Currently our system sucks wind in all three categories and that means systemic changes, reforms, attitude adjustments.

There is always an error rate and that applies to our species but I don’t believe a large percentage of our population is seeking a free ride. The free ride notion is BS to me though I realize it’s widely held. It stands as evidence our current system creates wide spread insecurity.

 

Abolish the Federal income tax and implement a National Sales Tax.

 

Somehow, some self serving politician would call this a racist move.

 

You think Heath care is a problem ................ Automation and Robotics will create a Ton of issues

That's why we need Term Limits and elimination of Lobbyist.

WE need restructuring of manufacturing and American Structure to reduce the Wealth Gap

Henry Ford had enough sense ........... he knew he had to pay a wage that enabled his workers to afford his cars

 

It is NOT their money because they OWE TAXES to the nation that enabled them to become wealthy.

 

It is THEIR money and they don't OWE jack chit to anybody.