Both Elizabeth Warren and ailing presidential candidate Bernie Sanders are proposing the notion of a “wealth tax” on the “ultra rich”. This is a fundamental change in how our government would pretend to be funded, and it has an ugly precedent going back to the 1930s.
Here is their idea:
Elizabeth Warren is particularly devious in that she describes it as “just two cents” for the ultra rich, rather than 2% of confiscation of total wealth per year.
In order to have such a tax, the government will need to set up a system for people to register all of their property in order to prove that they are not subject to the tax. You can be certain that once the system is in place, the wealth tax will no longer be only for billionaires and will no longer be 2%.
After Germany seized control of Austria in 1938, they created a law requiring all Jewish people to register all of their property, as a prelude to confiscating their wealth and worse.
If you wanted to leave the country, you had to hand over 50% of your wealth in order to be allowed to leave. That is straight from the Engles principles of communism and a frequently recurring proposal from Democrats any time they are preparing to raise taxes.
Next time you hear a Democrat say we need to make “the rich” pay “their fair share”, replace “the rich” with “the Jews” and you will understand what they are really doing.
People seem to act a lot like sheep. Some catch phrase like "pay their fair share" and they all mob together and want to elect an evil person who will destroy this nation. Sad.
Glad to see that you were still around. Maybe we should talk 😉
You know what they say about democracy as it pertains to wolves and sheep.
With Medicare for all requiring huge taxes on employment, this will just speed up the replacement of human workers with robots. Robots don't get .government free healthcare. Of course then we will need to have a robot tax
And a robot prison for robots that don't pay their taxes.
At least they will not have to pay back taxes since they have no backs…. to whom will the talk radio station adds sell their advice regarding back taxes if none of the robots have backs? 😉
But many robots have six degrees of freedom
Nice pivot!
Fred – we moved to TN in Sept. Time for some needed peace and quiet. Have been working from home so I do have some time to chat 🙂
That would be you, briand75, I need you to start paying your fair share so that I get my free healthcare and free green power. 😉
No problem CC – the folks here are all great and I would sacrifice for you, Fred and the rest!
I enjoy the chat here. Sometimes serious, sometimes kidding around. Fred has attracted an interesting group to his web site and I really enjoy it.