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2026-07-04 Home Front: Politix

First $1 Billion, Now $50 Million: Khanna Says Wealth Tax "Must Not Stop At Billionaires"

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Posted by Besoeker 2026-07-04 06:24|| E-Mail|| Front Page|| [1839 views ] Top

1 That certainly didn't take long. I'm anxiously awaiting the Social Security 'Either Or' language.

The higher of the two, either your pension or social security. One should NOT be entitled to both. You must decide.

Posted by Besoeker 2026-07-04 06:30|| 2026-07-04 06:30|| Front Page Top

2 "And, while we're at it, let's nationalize all 401K and Roth accounts."

Posted by Mullah Richard 2026-07-04 06:40|| 2026-07-04 06:40|| Front Page Top

3 Yes, and 401K and Roth account 'taxable' minimum distributions (RMDs) should be lowered from 73 to 62.

* The Social Security 'either/or' language should apply here as well.

Posted by Besoeker 2026-07-04 06:46|| 2026-07-04 06:46|| Front Page Top

4

How about simple Maximum TAX Amendment.
Where the most a citizen may be taxed on their WORKING WAGES is 15%? Let the Metros, States, & Feds fight over the splitting.

Plus!!!
Since, they already tax every item a dozen times, before a taxpayer buys it in the store anyway. Eliminating all end user consumable taxes on basic survival needed items. Like food, water, energy and other living consumables (clothing and etc)?

Posted by NN2N1 2026-07-04 06:51|| 2026-07-04 06:51|| Front Page Top

5 Taxes upon taxes? ~~What a novel concept.~~

Posted by Besoeker 2026-07-04 06:54|| 2026-07-04 06:54|| Front Page Top

6 "And, while we're at it, let's nationalize all 401K and Roth accounts."
Posted by: Mullah Richard 2026-07-04 06:40

MR,

I am convinced that if we get a Dem administration and Congress in '28, that will be openly and directly proposed. It won't be called that, mind you; there will be some clever acronym that doesn't mention the word 'confiscation', but that's what it'll be. Of course, it'll be interesting to see what happens when people crash investment funds trying to get their money. So watch for little things, rules and reg changes about how much you can pull out, how it's taxed.

Mike

Posted by MikeKozlowski 2026-07-04 09:00|| 2026-07-04 09:00|| Front Page Top

7 The government has already printed 38 trillion they never collected so why tax any more other than simply punish people for being successful? Now if they attained it illegally, I can see the confiscation argument.

Posted by Procopius2k 2026-07-04 09:04|| 2026-07-04 09:04|| Front Page Top

8 That mealy-moufed pole smoker Bawny Fwank proposed taking 401Ks and IRAs and getting a Gubbamint IOU with a guaranteed minimal return. He was ahead of his time. Good thing he's dead.

Posted by Frank G 2026-07-04 10:18|| 2026-07-04 10:18|| Front Page Top

9 So, what additional or improved services would we get for all this money? Khanna's sincere thanks?

Posted by Matt 2026-07-04 14:08|| 2026-07-04 14:08|| Front Page Top

10 Aw, hell Ro, I'm no millionaire but I have some extra room in my house. Why don't you just assign an immigrant family to move in with us? We'll have fun sharing the kitchen and bathrooms. Then you can let a bunch of hobos set up camp in my back yard.

Posted by Abu Uluque 2026-07-04 14:21|| 2026-07-04 14:21|| Front Page Top

11 Better yet, you can move Mrs. Uluque and me out to the backyard with the hobos and give the whole damn house to some of your communist deadbeat friends?

Posted by Abu Uluque 2026-07-04 14:23|| 2026-07-04 14:23|| Front Page Top

12 I think a $50M person is a semi-centimillionaire.

Posted by Lord Garth 2026-07-04 21:38|| 2026-07-04 21:38|| Front Page Top

23:57 Bobby
21:38 Lord Garth
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