Quote (IceMage @ 10 Sep 2024 15:53)
Can you show me where a wealth tax is a current proposal from Kamala's campaign?
Even if it were, a wealth tax would need senate support and it's absurd to think, even if Democrats somehow won more than 50 seats in the Senate, that they could pass it, or even that they would want to pass it.
https://kamalaharris.com/issues/Under the first bullet point "cut taxes for middle class families", it says:
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Vice President Harris and Governor Walz [...] will ensure the wealthiest Americans and the largest corporations pay their fair share [...] This includes rolling back Trump’s tax cuts for the wealthiest Americans, enacting a billionaire minimum tax, quadrupling the tax on stock buybacks, and other reforms to ensure the very wealthy are playing by the same rules as the middle class.
Since billionaires make the majority of their money from capital gains, rather than from conventional income, and have plenty of opportunity to shuffle around and optimize their revenue streams, a "billionaire minimum tax" would necessarily imply one of two things: either a wealth tax, or a tax on unrealized capital gains.
Quote (IceMage @ 10 Sep 2024 16:55)
Vance isn't saying that he would have certified Trump's electors, just that he would have stopped the certification process until the legal battles over the contested states were settled. As we know with the benefit of hindsight, Biden comfortably won all those battles, so in reality, Vance's proposal would only have delayed the process by a week or two.
This would, of course, have weakened Biden by casting a shadow of doubt and illegitimacy over his presidency and sapping his political capital, based on bogus charges. In other words: the exact same thing that Democrats did to Trump with the Russiagate hoax.