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Elizabeth Warren and her path to hell...

resident_evil

resident_evil

Senator
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
 
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resident_evil said:
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
Click to expand...
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.
 
ObamacareForever said:
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.
Click to expand...

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.
 
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resident_evil said:
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
Click to expand...
That punch to the gut from Obamacareforever hurt, eh?

LMAO
 
resident_evil said:
Your share juggling is crap. It is a cluster fvck idea adding complexity towards no good ends.
Click to expand...
Reducing the deficit is a good ends.
resident_evil said:
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.
Click to expand...

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)
 
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ObamacareForever said:
Reducing the deficit is a good ends.
Click to expand...

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.
Click to expand...
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)
Click to expand...

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.
 
resident_evil said:
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?
Click to expand...
Somebody will get a bargain. It wouldn't affect the intrinsic value of any stock
resident_evil said:
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.
Click to expand...
Managed investments are only losers on relative basis. They are only worse compared to index funds. On an absolute basis they still go up.
resident_evil said:
Already there is a wealth tax people who make over $500k to pay in stock transactions taxes in order to pay for Obamacare.
Click to expand...
Warren is talking about a tax on assets, not transactions.
 
ObamacareForever said:
Somebody will get a bargain. It wouldn't affect the intrinsic value of any stock
Click to expand...

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.
Click to expand...
You want mediocrity.

Warren is talking about a tax on assets, not transactions.
Click to expand...
No shit. I didn't know that.o_O
 
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write on said:
Why does a company feel the need to lie to their buyers?

Capitalism?

o_O
Click to expand...
Why do you lefties buy this shit...
iphonex-TA.jpg

Why do you piss away $600-1000 on a two year cycle? Why didn't you save it?
 
resident_evil said:
It will affect stock prices and those "bargains" will upset the organic nature of the stock market adversely to say otherwise is naive.
Click to expand...
Yes, it would create a whole different scenario for tax planning. I wouldn't say that's necessarily a bad thing.
resident_evil said:
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?
Click to expand...
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.

resident_evil said:
You want mediocrity.
Click to expand...
It is marked effort to close the wealth gap.
 
ObamacareForever said:
Yes, it would create a whole different scenario for tax planning. I wouldn't say that's necessarily a bad thing.
Click to expand...
It would be bad.
Liquidate 2% of their assets.
Click to expand...
Who puts the valuation on it?
It is marked effort to close the wealth gap.
Click to expand...
Mediocrity.

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