Poll of the Day > Wealth Tax

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BUMPED2002
01/16/20 10:05:19 PM
#1:


Should the very wealthy pay a wealth tax?





Wealth tax

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SpankageBros
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TheWitchMorgana
01/16/20 10:36:33 PM
#2:


it was like that for a long time, it's an aberration to be fixed that it currently isn't
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Mead
01/16/20 10:40:17 PM
#3:


ideally the rich should pay their fair share but wealth taxes historically dont really work

a value added tax would make a lot more sense

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Lemonheads
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xjayguyx
01/17/20 1:32:16 AM
#4:


They should just pay their taxes
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myghostisdead
01/17/20 1:40:30 AM
#5:


It depends. They should pay their fair share but I am curious about how the wealth tax would be determined and I can imagine how they would try to get around it.

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"Mom, was I in a wreck?"
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joemodda
01/17/20 1:41:09 AM
#6:


Collect their taxes only to misspend it btw

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The sin is not in being outmatched, but in failing to recognize it
-Ancestor
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Qask
01/17/20 5:02:19 AM
#7:


Mead posted...
ideally the rich should pay their fair share but wealth taxes historically dont really work

a value added tax would make a lot more sense
100% agreed.
I also read somewhere I think it was from the Economist that the rich on an individual basis do pay a significant amount of taxes from trusts, capital gains , real estate, etc. but they're just is not enough rich people to tax off of. But on the corporate side I've read we tax very inefficiently

Its important to distinguish between wealthy individuals and corporations because of how tax laws treat each differently.

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zebatov
01/17/20 5:07:23 AM
#8:


I dont think there should be any legal loopholes for billion-dollar corporations to get money back for taxes.

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C was right.
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Krazy_Kirby
01/17/20 7:08:58 AM
#9:


if taxed too much they will just move elsewhere
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Krazy_Kirby
01/17/20 7:09:53 AM
#10:


zebatov posted...
I dont think there should be any legal loopholes for billion-dollar corporations to get money back for taxes.


says the person who claims to like capitalism
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Zeus
01/17/20 8:11:17 AM
#11:


The wealth tax is fundamentally flawed and stupid. If you want to punish the rich for being rich, there are less onerous and less impractical ways to do it. Granted, a lot of the other proposals -- such as increased capital gains taxes -- would likely hurt Americans saving for retirement (as well as discourage investment), although individuals like Bernie Sanders and Elizabeth Warren don't seem to like the idea of people saving for retirement since it leads to unequal outcomes (vs those who don't save) and would rather everybody be limited to social security.

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