Elizabeth Warren is back calling for a wealth tax

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Sen. Elizabeth Warren is back calling for a wealth tax. That is theft and it’s communism. Every dictatorship starts out like this.

First, they use the super wealthy as an excuse. Then they go for the not so super rich, and finally, the middle class.

Warren called out billionaire Amazon founder Jeff Bezos, CNBC reported.

Fine, so take his money and leave the rest of us alone.

“It shouldn’t make a difference whether you have real estate, or whether you have cash or whether you have a bazillion shares of Amazon. Yes, Jeff Bezos, I’m looking at you,” Warren, a socialist millionaire, said.

She plans to tax every thing they own every year, over and over — non- liquid assets they might have owned for years and which might not hold their value.

During her 2020 presidential campaign, Warren proposed a 2% annual “ultra-millionaire tax” on net worth over $50 million.

“I want to see us tax wealth, however your wealth is tied up. It shouldn’t make a difference whether you have real estate, or whether you have cash or whether you have a bazillion shares of Amazon. Yes, Jeff Bezos, I’m looking at you,” the Massachusetts Democrat said on CNBC’s “Squawk Box.”

“Whatever form you have your assets — diamonds, yachts, paintings — I think there ought to be a tax on that annually,” she added.

Bezos is the wealthiest person on Earth with a net worth of $207.7 billion, according to Forbes.

He does pay a lot of taxes contrary to Warren’s lies.

The rich in this country pay the largest chunk of taxes while almost half of our countrymen pay nothing.

She keeps saying the rich have to pay their fair share. What does that mean? They never define it although Bernie has said 90% or even 100%.

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GuvGeek
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GuvGeek
2 years ago

Here’s a better idea. Cut Politician salaries by 50% then cut Government Spending by 50% Cut Intel Agencies, FBI, DoJ, and IRS by 90%. Cut the Military Budget by 10% a year until it’s 2% of the GDP. America’s problem isn’t people pay too little Tax, it’s there is way too much Government and too much Big Business making America unproductive.

As to Big Business, if you control more then 10% of a Market Place, the Company needs to be sliced and diced to less than 10%. If a Company controls 1% in 10 Markets, it should be sliced and diced. Then everything that is not manufactured in America should be taxed at a rate of 2% percent of Market Share plus 10%. If cell phones are manufactured overseas and that manufacturing is 50% of what is consumed in America, then the overseas phones are taxed at 110%. Since Henry Repeating Arms manufactures it’s gun 100% in the US, there is no tax on it’s Products. US Companies will be taxed on worldwide income every year, no more parking money overseas.

America’s greatness was in it’s small business manufacturing goods on American soil and true competition in major manufacturing. No Business should be allowed to dominate a market and patents should only be for 3 years after recouping development cost. Medical companies and Hospitals should be limited to only 5% profits per year. Big Pharma should not profit on pain and suffering after development cost are recovered.

No House or Homestead under 40 acres should be taxed in any manner – no property taxes period if under 40 acres. No taxes on property, you paid taxes when you bought it; you’re not renting it. You shouldn’t rent your property from the Government. Government should only tax you on the services it actually provides, not on what you have accumulated due to hard work. We should be encouraging self sufficiency and passing that on to our children and grandchildren.

Big Government types like Sen. Elizabeth Warren are all about making Government rich and powerful instead of the People. With the design of the Corporation that created a business that could completely dominate a market place, because Government gives Corporations advantages the individual does not have, corporations must be heavily regulated and market share controlled. We need tariffs to control the market share of foreign Governments in our Market Place. There is no reason that a country the size of the US shouldn’t be self sufficient. Globalism is very dangerous to individual freedom and prosperity. Globalism gives countries leverage over other countries and the result will eventually be Global Tyranny.

Clown Shoe Czar
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Clown Shoe Czar
2 years ago

Property is theft, comrade.
When will the Squaw redistribute her craft beer and capitalist pig dwelling? (hee har in AOC laugh)
The kids have the communist cat meme and I love to make some mockery of it.
But it didn’t last long as I got the ban hammer but the seeds were planted.

O/T-found out just how worthless Brave browser is with a cross script hack that was saving pods to who knows where.
The whole premise about your privacy is a fraud with them and you can tweak Firefox or IE but bells and whistles of pages won’t work if you do.