Elizabeth Warren and her path to hell...

[resident_evil]

Everybody has wealth and what starts as an "only for the wealthy" tax eventually happens to the middle class. Never mind that progressive taxation violates equal protection under the law. Warren has no idea what consequences her proposals may well have. With a wealth tax you're compelling the sale of stocks; ownership in companies that may represent control by good management. You could adversely affect stock prices by forcing sales.

The list of unintended (or is it intended) consequences could go on and on. Simplicity in a flat tax for all will lead to far better results and have a legal and moral basis.


Stuff like this should send a chill down your back. It is Orwellian. Obamacare increased IRS power and funding. What won't the socialist Democrats not trust to government.

Warren’s proposal includes at least three new mechanisms to combat tax evasion, according to a person familiar with the plan. Those are a significant increase in funding for the Internal Revenue Service; a mandatory audit rate requiring a certain number of people who pay the wealth tax to be subject to an audit every year; and a one-time tax penalty for those who have more than $50 million and try to renounce their U.S. citizenship.

https://splinternews.com/elizabeth-warren-proposes-a-wealth-tax-which-is-a-very-1832023104

 

[ObamacareForever]

Everybody has wealth and what starts as only for the wealthy tax eventually happens to the middle class. Never mind that progressive taxation violates equal protection under the law. Warren has no idea what consequences her proposals may well have. With a wealth tax you're compelling the sale of stocks. Ownership in companies that may represent control by good management. You could adversely affect stock prices by forcing sales.

The list of unintended (or is it intended) consequences could go on and on. Simplicity in a flat tax for all will lead to far better results and have legal and moral basis.


Stuff like this should send a chill down your back. It is Orwellian. Obamacare increased IRS power and funding. What won't the socialist Democrats not trust to government.

Warren’s proposal includes at least three new mechanisms to combat tax evasion, according to a person familiar with the plan. Those are a significant increase in funding for the Internal Revenue Service; a mandatory audit rate requiring a certain number of people who pay the wealth tax to be subject to an audit every year; and a one-time tax penalty for those who have more than $50 million and try to renounce their U.S. citizenship.

https://splinternews.com/elizabeth-warren-proposes-a-wealth-tax-which-is-a-very-1832023104

Companies would design share classes to divide control from financial gains.
As an example Facebook has a dual-class structure.
Class A shares are worth 10 votes, Class B shares are 1 worth vote. Both share types would receive an equal amount of dividends in that eventuality.
And they proposed a Class C in 2016, which would be worth 0 votes.
You would definitely see more share-class structure under Warren's plan, but it's not necessarily a bad thing.

 

[resident_evil]

Companies would design share classes to divide control from financial gains.
As an example Facebook has a dual-class structure.
Class A shares are worth 10 votes, Class B shares are 1 worth vote. Both share types would receive an equal amount of dividends in that eventuality.
And they proposed a Class C in 2016, which would be worth 0 votes.
You would definitely see more share-class structure under Warren's plan, but it's not necessarily a bad thing.

Your share juggling is crap. It is a cluster fvck idea adding complexity towards no good ends.

Say I'm worth $50M. You tax me 2% for 10 years. That means in 10 years You've taxed me $10M on $50M. Over 10 years you've taken 1/5 of my wealth.

This will "trickle down" to all people whose investments did say 2% better than the index in a given year. Their better than average gains will be taxed.

You're a thief. Warren is a thief. Your progressive tax is a violation of equal protection under the law. Your increasing the power of the IRS is obscene. I hope I'm clear on this.

 

[write on]

Everybody has wealth and what starts as only for the wealthy tax eventually happens to the middle class. Never mind that progressive taxation violates equal protection under the law. Warren has no idea what consequences her proposals may well have. With a wealth tax you're compelling the sale of stocks. Ownership in companies that may represent control by good management. You could adversely affect stock prices by forcing sales.

The list of unintended (or is it intended) consequences could go on and on. Simplicity in a flat tax for all will lead to far better results and have legal and moral basis.


Stuff like this should send a chill down your back. It is Orwellian. Obamacare increased IRS power and funding. What won't the socialist Democrats not trust to government.

Warren’s proposal includes at least three new mechanisms to combat tax evasion, according to a person familiar with the plan. Those are a significant increase in funding for the Internal Revenue Service; a mandatory audit rate requiring a certain number of people who pay the wealth tax to be subject to an audit every year; and a one-time tax penalty for those who have more than $50 million and try to renounce their U.S. citizenship.

https://splinternews.com/elizabeth-warren-proposes-a-wealth-tax-which-is-a-very-1832023104

That punch to the gut from Obamacareforever hurt, eh?

LMAO

 

[ObamacareForever]

Your share juggling is crap. It is a cluster fvck idea adding complexity towards no good ends.

Reducing the deficit is a good ends.

Say I'm worth $50M. You tax me 2% for 10 years. That means in 10 years You've taxed me $10M on $50M. Over 10 years you've taken 1/5 of my wealth.

Couple problems here.
1.)your math is wrong-If you take 2% of your wealth every year you would have 40.85 million after 10 years.
2.) That capital is earning a return every year. It isn't a stagnant 50 million. It's earning a 6-7% return every year(conservatively)

 

[resident_evil]

That punch to the gut from Obamacareforever hurt, eh?

LMAO

You're a thief. You on the left start by thieving the truth and end up by stealing lives. Venezuela is a socialist hell and a warning tale.

 

[resident_evil]

Reducing the deficit is a good ends.

Complete bullshit. They will never have enough to spend.

Couple problems here.
1.)your math is wrong-If you take 2% of your wealth every year you would have 40.85 million after 10 years.

You quibble a bit much to make it any kind of issue but fine.

2.) That capital is earning a return every year. It isn't a stagnant 50 million. It's earning a 6-7% return every year(conservatively)

It isn't earning a return every year unless you get dividends or sell it. What do you think will happen to stock prices that are compelled to be sold?

The reason managed investment is such a loser is because of the 1 or 2 percent management takes in fees year in and year out. Already there is a wealth tax people who make over $500k to pay in stock transactions taxes in order to pay for Obamacare. The thieving left will never stop stealing.

 

[write on]

You're a thief. You on the left start by thieving the truth and end up by stealing lives. Venezuela is a socialist hell and a warning tale.

And 'capitalism' doesn't steal? Why do they have to lie?

https://www.google.com/search?clien...z-img.....0..35i39j0j0i67j0i10i24.kVgIlGX1Ues

 

[write on]

You're a thief. You on the left start by thieving the truth and end up by stealing lives. Venezuela is a socialist hell and a warning tale.

Tell me, why?

https://www.google.com/search?q=pro...XfIDQIHQRDAxsQ_AUICSgA&biw=1280&bih=596&dpr=3

 

[resident_evil]

And 'capitalism' doesn't steal? Why do they have to lie?

https://www.google.com/search?clien...z-img.....0..35i39j0j0i67j0i10i24.kVgIlGX1Ues

Why do you have to buy!!!

 

[resident_evil]

Tell me, why?

https://www.google.com/search?q=pro...XfIDQIHQRDAxsQ_AUICSgA&biw=1280&bih=596&dpr=3

No, YOU tell me why you HAVE to buy!!!

 

[write on]

You're a thief. You on the left start by thieving the truth and end up by stealing lives. Venezuela is a socialist hell and a warning tale.

Is this truly 'capitalism'?

https://prospect.org/article/big-pharma-kills-us-maybe-public-pharma-can-save-us

 

[ObamacareForever]

It isn't earning a return every year unless you get dividends or sell it. What do you think will happen to stock prices that are compelled to be sold?

Somebody will get a bargain. It wouldn't affect the intrinsic value of any stock

The reason managed investment is such a loser is because of the 1 or 2 percent management takes in fees year in and year out.

Managed investments are only losers on relative basis. They are only worse compared to index funds. On an absolute basis they still go up.

Already there is a wealth tax people who make over $500k to pay in stock transactions taxes in order to pay for Obamacare.

Warren is talking about a tax on assets, not transactions.

 

[write on]

No, YOU tell me why you HAVE to buy!!!

Why does a company feel the need to lie to their buyers?

Capitalism?

 

[resident_evil]

Somebody will get a bargain. It wouldn't affect the intrinsic value of any stock

It will affect stock prices and those "bargains" will upset the organic nature of the stock market adversely, to say otherwise is naive.

There is a family in the area with a number of dealerships that created wealth which they used to buy other businesses in the area, some financially distressed and going bankrupt. They are worth more than $50M but have no traded stocks. How is your Warren going to tax them?

Managed investments are only losers on relative basis. They are only worse compared to index funds. On an absolute basis they still go up.

You want mediocrity.

Warren is talking about a tax on assets, not transactions.

No shit. I didn't know that.

 

[resident_evil]

Why does a company feel the need to lie to their buyers?

Capitalism?

Why do you lefties buy this shit...

Why do you piss away $600-1000 on a two year cycle? Why didn't you save it?

 

[ObamacareForever]

It will affect stock prices and those "bargains" will upset the organic nature of the stock market adversely to say otherwise is naive.

Yes, it would create a whole different scenario for tax planning. I wouldn't say that's necessarily a bad thing.

There is a family in the area with a number of dealerships that created wealth which they used to buy other businesses in the area, some financially distressed and going bankrupt. They are worth more than $50M but have no traded stocks. How is your Warren going to tax them?

They would have to liquidate 2% of their assets to pay their tax bill. I don't know where you live, but you have probably have a property tax bill of some sorts. You still owe that regarldess of how liquid you are.

You want mediocrity.

It is marked effort to close the wealth gap.

 

[resident_evil]

Yes, it would create a whole different scenario for tax planning. I wouldn't say that's necessarily a bad thing.

It would be bad.

Liquidate 2% of their assets.

Who puts the valuation on it?

It is marked effort to close the wealth gap.

Mediocrity.

The living standards for the middle class are good. You'd make it worse because you envy the ultra rich.

 

[write on]

Why do you lefties buy this shit...

Why do you piss away $600-1000 on a two year cycle? Why didn't you save it?

Who lied to you and said that I do?

But you, along with your ignorance, inadvertently made my point for me.

 

[resident_evil]

Who lied to you and said that I do?

Because your opinion doesn't strike me as someone who has foregone immediate gratification and reaped the rewards of it delayed.

But you, along with your ignorance, inadvertently made my point for me.

Did I? Apple lie to you lefties?