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Home Front: Politix
Liz and Bernie propose wealth tax
2021-03-03
[CNBC] A slew of Democrats on Capitol Hill...including progressives Sen. Elizabeth Warren, D-Mass., and Sen. Bernie Sanders, I-Vt. on Monday proposed a 3% total annual tax on wealth exceeding $1 billion.

They also called for a lesser, 2% annual wealth tax on the net worth of households and trusts ranging from $50 million to $1 billion....The legislation would invest $100 billion into IRS systems and personnel, ensure a 30% audit rate for the super wealthy, and impose a 40% exit tax on wealthy Americans who seek to renounce their citizenship to avoid a wealth tax.
I'd like to hear Oprah and Soros and Bezos testify on this.
Trusts and Houshold worth (not earnings)... Man is money going to flow offshore to havens. Vacation home? Sell it. Boat? Sell it. Newer or classic cars? Sell them. Move the money to hoards. High home price area? Move south. Mansions at vacation areas and islands? Sell. Create fake offshore companies to own stuff? Big Time!
Related:
Elizabeth Warren: 2021-02-05 US Senate approves amendment to keep embassy in Jerusalem
Elizabeth Warren: 2020-12-15 Wealth taxes are not the cure for rising debt
Elizabeth Warren: 2020-12-10 Our Brave New Biden World : Victor Davis Hanson
Related:
Bernie Sanders: 2021-02-27 Costco to raise minimum wage to $16 per hour
Bernie Sanders: 2021-02-26 R. Emmett Tyrrell: Reform the Democratic Party
Bernie Sanders: 2021-02-05 US Senate approves amendment to keep embassy in Jerusalem
Related:
Wealth tax: 2020-12-15 Wealth taxes are not the cure for rising debt
Wealth tax: 2020-08-07 Andrew Cuomo Begs Rich Hedge Funders Fleeing NYC: ''Please come back!' De Blasio disagrees
Wealth tax: 2020-07-12 L.A. teachers union says schools can't reopen unless charter schools get shut down, police defunded
Posted by:Lord Garth

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