Warren's #WealthTax plan calls for 2% over $500M, 1% more for over $1 billion. No one at that level of wealth would see any difference whatsoever in their lifestyle, but millions of people would see a fundamental difference in their lives based on what we could do with the money.

Jan 29, 2021 · 8:00 PM UTC

232
1,115
67
7,624
Correction: her plan is for 2% over $50M, not $500M.
22
45
2
660
Load newest
Replying to @marwilliamson
Taxes don't find spending Further more, a wealth tax should be used lessen the income Inequality so it should be over 3% at the very least imo
Replying to @marwilliamson
Not good enough, that's bullshit
Replying to @marwilliamson
Plus, per Stephanie Kelton et al, the taxes are not "redistributional" as fed taxes do not pay for anything. There is a need for a huge national discussion on taxes and taxation. Very important.
4
Replying to @marwilliamson
Very well said Marianne! Imagine what we could do with that money. How much more can we save if we tax capital gains at 25% and tax carried interest as ordinary income. I was fine with the Clinton tax rate of 39.6% 4 a individual making $100K & a family making $250K?
Replying to @marwilliamson
Fed chair Ruml 1946: fed taxes are obsolete for revenue. Fed taxes decrease wealth inequality. amazon.com/Deficit-Myth-Mone…
Replying to @marwilliamson @GrassrootsJill
Bernie's wealth tax was better & Warren is a 🐍 siding with hedge funds over the ppl in the GameStop saga. 👎
2
Replying to @marwilliamson
Beautifully stated. For that kind of money the percentages are nothing. You are completely right, for the everyday people that would make a big difference.
1
Replying to @marwilliamson @shaunking
Imagine worrying over their “lifestyles” while people can’t eat.
1
Replying to @marwilliamson
But we wouldn’t. It would go to the DOD.
Replying to @marwilliamson
Think if they took all our money they send to other countries and use it here
Load more