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oldsoftie

(12,530 posts)

9. Europe tried wealth taxes. They didnt work. Wont work here either.

Reply to DanieRains (Reply #4)

Tue Apr 13, 2021, 07:03 AM

Apr 2021

You just make accountants & real estate experts MORE wealthy. Because they're the ones who will get paid to hide the assets
Not to mention, there simply arent enough super rich people to make an impact on our revenue. Unless you hit them with a huge tax, and that will fail as well

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US budget deficit jumps to record $1.7 trillion this year [View all] SouthBayDem Apr 2021 OP

Time for higher corporate taxes and higher income taxes on the wealthy. roamer65 Apr 2021 #1

Wealth Accumulation Tax DanieRains Apr 2021 #4

THIS. roamer65 Apr 2021 #7

Europe tried wealth taxes. They didnt work. Wont work here either. oldsoftie Apr 2021 #9

Unless You Start Jailing Tax Cheaters DanieRains Apr 2021 #10

Good luck with that. People already go to jail for tax problems. But not many. oldsoftie Apr 2021 #11

If they don't work why was a billionaire crying over Warren's candidacy? AZProgressive Apr 2021 #12

Look to Europe. Everywhere they've tried it has pretty much been a failure. oldsoftie Apr 2021 #13

I'm not sure why then that Wall Street billionaire was crying over Warren AZProgressive Apr 2021 #14

Even if it DID work, its limited to a small number of people. oldsoftie Apr 2021 #16

good ol' trump and his cronies looted the US treasury w/ their tax cuts and probably pocketed SWBTATTReg Apr 2021 #2

There's at least $23 trillion in un-taxed earnings hiding in offshore accounts. PSPS Apr 2021 #3

I Don't Think It Is That Much DanieRains Apr 2021 #5

I Read That Forbes Article From 2012 And Posted It DanieRains Apr 2021 #6

30 trillion newdayneeded Apr 2021 #17

Nobody wants to REALISTICALLY deal with the tax revenue or spending problems. oldsoftie Apr 2021 #8

I've never been able to wrap my head around the GOP attempt to be the fiscally responsible Vinca Apr 2021 #15

Until people can do their taxes with junior high math our system is a failure ripcord Apr 2021 #18