Elizabeth Warren to pitch 'wealth tax' on richest Americans

Why shouldn't the rich, who constantly rig everything in their favor, actually put something back into the system by paying their fair share? It shouldn't even be a question about this, that's how far they've moved us into believing taxing rich people is bad. It's not bad, it's only fair. That they're telling us otherwise should be enough proof for anyone. Not taxing the rich has gotten us into the hole we're in where rich people parasitically attach themselves to the system, and puff up like a leach with money. What is it about greedy people that it makes them so weak? Any chance to screw others is a great opportunity, and they're like a heroin addict, more more , more, need more, desperate for more, gotta have more. It's a re-definition of the word, more-on. I think greed is a genetic defect. It's a trait that tells you who the bad guy is right away. People with greed are more likely to rip you off than a heroin addict, there's just plain more of them, and they use money to gain power. Now they're addicted to power, which gives them more money, and they use that money to gain more power. More. Always more. Until greed is recognized as the genetic defect it is, we'll get exactly nowhere. No change can be made because greed rules the planet right now, and the addicts are much worse than heroin addicts, they're much weaker, unable to resist cheating someone, gotta feel that high. And last, but not least, greedy people feel no shame or guilt like heroin addicts do, they just get high and then need more.

We should start out at 1 million as the threshold. Any wealth above 1 million gets a 1% rich person tax. That way at least 100% of all lawmakers can eat this crap they are flinging around too. Plus, if we start at 1 million threshold, that’ll be even more money collected, we could use all the money we can get to help our vets and education and UH. People who have anything above 1 mil is way better off than 99% of Americans already no reason they shouldn’t give back more too.

Elizabeth Warren networth: 11mil, way to look after yourself, sets a tax threshold that doesn’t include herself despite also being excessively wealthy.

Having watched Elizabeth Warren rip the WellFargo CEO to pieces, I think if that same Warren comes out during the debates against Klobuchar on student debt and free college or Joe Biden on billionaires and the big banks, it's game over. I can easily see, if that 2013-2015 Warren comes out, she can shoot to the top of the field.

If the rich are responsible for most the tax revenue and it's truly possible to become extremely wealthy why is there such a divide between the wealthy and non? Where did this divide come from if the rich are already giving away all their money? Is there such a thing as too much? Does equity even matter?

So we should punish wealth and promote frivolous spending?

Ummm….that is totally unconstitutional. Federal taxes on property require apportionment meaning they must be laid evenly throughout the U.S. based on the census. The Supreme court would no doubt strike it down. Getting this taken out of the constitution would be impossible. It would go no where as it would allow the Federal government to tax your personal property. https://en.wikipedia.org/wiki/Direct_tax

So now we know what they think about the strategy – which I don't care that much about – can we get a bit on the policy please? You know, the important bit?

Wow! An orginization Taxing successful entrepreneurs so that unqualified people can provide services beyond their frame of reference was reprehensible when the mafia did it!!
Socialism destroys wealth and you're slitting your own throats! It has never worked anywhere! Wake up and smell the tyranny.

They will just hide wealth – overseas or in things like diamonds, you would need to tax them as they take it out of the bank or when they transfer their property into their child’s name etc

Point is – they are super wealthy because they are super smart(most cases) with money. They will find whatever loop hole to avoid the tax

Only solution I see is make charity a tax break, so they have their egos stroked

That’s the only way I see them not hiding it, and in a way let them enjoy the glory of it means it helps poor etc

Economics is all about human behaviour. That’s why although this all sounds good, you need to understand the mindset of the super rich, then use that to carrot and stick them towards doing good

But either way it’s good to consider this issue in perspective of the inequality of the very very few.

Ultimately it’s sad to say “hey how about you don’t get that yacht and use the money to make 1,000 unimaginably better”

Sucks to force them (democracy and capitalism and all that good stuff) but it’s not like they would even really feel it. It’s more of an ideal they don’t like the thought of I guess

Unfortunately if they just had empathy of their own for the super struggling lower 10 percent, and gave willingly they would feel soo much better and that would be worth millions- that feeing that would be the only they lack for(assuming money can buy everything else)

It’s a beautiful irony that if they just gave they would be soo much happier than letting it sit in the bank(assets too).

It should be manditory to visit the poorest schools – BEFORE AND AFTER – to see the effect they – that 1 person(billionaire) has on the situation

It would be such a sad tax(to wealth not pay) not because of where the money will go because it symbolises – forced generosity! And it robs the rich of a privilege almost no one (top 1 percent) has – the privilege of profoundly changing lives for the better, its a super power, it’s perhaps the noblest and selfless of acts.

Peace
Aaron

After she steals their money who will be next.