Elizabeth Warren’s Tax Plan Would Bring Rates Over 100% for Some
Wall Street Journal | November 15, 2019 | Richard RubinDemocratic presidential candidate Elizabeth Warren has unveiled sweeping tax proposals that would push federal tax rates on some billionaires and multimillionaires above 100%.
That prospect raises questions for taxpayers and the broader economy that experts are starting to ponder:
Under which circumstances would taxpayers have to pay those rates?
How might that change their behavior?
And would investment and economic growth suffer?
She is not worth the pixels generated by her existence.
First they taxed the uber-rich, and I did not speak out—
Because I was not uber-rich.
Then they taxed the billionaires, and I did not speak out—
Because I was not a billionaire.
Then they taxed the millionaires, and I did not speak out Because I was not a millionaire.
Then they came for me—and there was no one left to pay taxes for me.
To make clear the dangers of such a policy, someone should remind Elizabeth Warren that the Clinton’s are billionaires.
Pfff, it’s only over 100 if billionaires aren’t calculating the value of their organs on the black market.
Hummmmm….doesn’t a one hundred percent tax rate mean confiscation, and (not that the Bolshevik wing of the Democrat party cares about the constitution) isn’t confiscation prohibited by the constitution??