Quote (Goomshill @ 24 Jan 2019 20:15)

https://www.washingtonpost.com/business/2019/01/24/elizabeth-warren-propose-new-wealth-tax-very-rich-americans-economist-says/?noredirect=on&noredirect=on&utm_term=.454f9f7255d1&utm_term=.5b5868c04ab8

Elizabeth Warren has rolled out an unironic Wealth Tax proposal.



So lets say I'm a billionaire. I see Chief Warren get elected in her 2020 Pow-Wow and the democrats gets a supermajority and pass this law, with wealth taxation going to start in April 2021.
Why would I remain a US citizen and be subject to both wealth taxes as long as I'm a citizen and wealth tax escape penalties if I try to run, when I can just move my wealth out of the country before the law comes into effect.
Something they cannot punish me for, because they can't pass ex post facto laws.

So suddenly about 95-100% of people who have $50 million in assets simply leave America and join any other country in the world that has no wealth tax, keeping their assets intact.
No need for fancy tax inversions to northern ireland required. Just keep the assets the fuck out of America entirely.

Quote (Black XistenZ @ Jan 24 2019 01:41pm)

most super-rich persons hold the majority of their assets in the form of equity. Jeff Bezos can renounce his US citizenship in time, but Amazon cannot move its headquarters and redirect its revenue. Similarly, what about all the huge mansions and luxury villas of these super-rich? If they all want to sell them off at the same time, they will suffer huge losses. If the assets remain in the US, they can be taxed, at least that's my understanding.

Quote (Beowulf @ Jan 24 2019 05:29pm)

A lot of people are pretty close on this

People in general dont oppose border security, walls/fences/barriers where it makes sense. More guards and technology where it makes sense. Working on the actual issues of immigration

Trump separated himself and his supporters completely in both rhetoric and action. He made it the great trump wall. It's the trump shutdown. Selling it in a dirty divisive way that makes nobody want to work with him because he and his wall are toxic as shit.

Quote (LA-Leviathan @ Jan 24 2019 12:56pm)

It's too bad Trump's name isnt Obama, then they could go back to supporting all the same things Trump is proposing just like they used to, as is common place with like 50% of the shit he tries to get done.

Quote (Beowulf @ Jan 24 2019 08:00pm)

Or maybe Trump should not be a toxic intentionally dividing man baby that makes himself and his wall political poison

This is on how he conducts himself and how he reacts and acts as a President and supposed leader and his incompetency with power

Quote (LA-Leviathan @ Jan 24 2019 01:02pm)

A lot of words to say nothing, but if you care about optics so much it's important to consider that you support more racist legislation than Trump does. Where does that lie amongst your "toxic, act like a leader, rarara" land?

Quote (Beowulf @ Jan 24 2019 08:04pm)

I love when white Trump conservatives are super sensitive about everything and call people racist

figured I'd just give you a heads up because you haven't figured that out over our last few interactions by yourself yet

Quote (Beowulf @ Jan 24 2019 10:04pm)

I love when white Trump conservatives are super sensitive about everything and call people racist

figured I'd just give you a heads up because you haven't figured that out over our last few interactions by yourself yet

Quote (LA-Leviathan @ Jan 24 2019 01:07pm)

0 for 3. Thanks for coming out. It is so incredibly tiresome to listen to you low iq racists who try to use the cloak of identify politics to virtue single when in reality you'd be the same people trying to burn the Jews. My favorite is when anyone calls you out you immediately resort to calling them sensitive white people. What a bubble, learn to form some critical thinking and then maybe you wont need to blame the white man for all your problems.

Quote (Beowulf @ Jan 24 2019 08:08pm)

oh my