Jhoon
Spontaneous Mishaps and Hijinks
The minute they do they forfeit their citizenship. And we are still taking the money. Let them go live elsewhere.
Elizabeth Warren proposes "Wealth Tax"
- Thread starter GnauzBookOfRhymes
- Start date
iceberg_is_on_fire
Honolulu Blue Ski Mask Way
Government needs to demonstrate a better understanding of how to properly allocate funds. All I typically see is the largesse of excess in every budget for every department.
But they're job creators...they use that money they get from evading taxes in order to feed their FAMILY
Their kids are eating Lunchables and GoGurt like every other rugrat. I see what they be putting in their carts. Tax break needing job creators my ass.
R.E.N. Spells Ren
Veteran
So Donald Trump can't even shyt on it, because he had the same plan too?
You must not know the Donald I know.
Kenny West
Veteran
This is why its warren or nothing
She's one of the few I've seen that puts her money where her mouth is policy wise to respond to the will of the people. Everybody else just panders and waxes poetic like Shillary
Fox News Poll: Voters favor taxing the wealthy, increasing domestic spending
Voters prefer increasing spending on domestic programs over cutting taxes and reducing spending, and their preferred way to finance that spending -- is tax the wealthy.
That’s according to a Fox News Poll released Thursday.
Fifty-one percent of voters want to spend more on programs such as infrastructure, national defense, education, and health care. That includes 63 percent of Democrats, 50 percent of independents, and 39 percent of Republicans.
CLICK TO READ THE COMPLETE POLL RESULTS.
Forty percent prefer the federal government cut taxes, spending, and regulations.
At the same time, there is broad support for increasing taxes on the wealthiest families. Voters support tax increases on families making over $10 million annually by a 46-point margin (70 percent favor-24 percent oppose), and support a hike on those making over $1 million by 36 points (65-29 percent).
There is less support for a broader tax increase: 44 percent favor raising rates on those with income over $250,000, and a small minority, 13 percent, approves of an increase on all Americans.
Both lower- and higher-income households favor raising taxes on millionaires, but views split when it comes to an increase on families making over $250,000. Lower-income households favor an increase, while a majority of those making over $100,000 opposes the idea.
Overall, more voters disapprove (50 percent) than approve (39 percent) of just leaving tax rates as they are for everyone.
Despite the appetite for raising rates, nearly 7 in 10 voters are “extremely” or “very” concerned about the amount they pay in taxes (67 percent). Only the price of health care (85 percent), the political dynamic in Washington (79 percent), and the economy (71 percent) rank higher on the list of voters’ concerns.
Democrats and Republicans find common ground on rejecting a tax increase for everyone, with about 8 in 10 disapproving. But that’s where the similarities end.
Majorities of Democrats favor raising taxes on those making over $250,000 (56 percent), $1 million (81 percent), and $10 million (85 percent).
Republicans are less sure where the sweet spot is for tax hikes. A majority of 59 percent opposes tax hikes on incomes over $250,000, while a 54 percent majority favors increases on incomes over $10 million. For incomes over $1 million, GOP views split: 47 favor vs. 43 oppose.
Pollpourri
The poll asks voters if it would be a “good thing or a bad thing for the United States to move away from capitalism and more toward socialism.” A majority of 54 percent says that would be a bad thing.
Most Republicans (80 percent) say it would be bad, while a plurality of Democrats think it would be good (40 percent good, 34 percent bad, and 26 percent unsure).
The Fox News poll is based on landline and cellphone interviews with 1,008 randomly chosen registered voters nationwide and was conducted under the joint direction of Beacon Research (D) (formerly named Anderson Robbins Research) and Shaw & Company Research (R) from January 20-22, 2019. The poll has a margin of sampling error of plus or minus three percentage points for all registered voters.
Secure Da Bag
Veteran
You must not know the Donald I know.
ill
Superstar
Fox News Poll: Voters favor taxing the wealthy, increasing domestic spending
Voters prefer increasing spending on domestic programs over cutting taxes and reducing spending, and their preferred way to finance that spending -- is tax the wealthy.
That’s according to a Fox News Poll released Thursday.
Fifty-one percent of voters want to spend more on programs such as infrastructure, national defense, education, and health care. That includes 63 percent of Democrats, 50 percent of independents, and 39 percent of Republicans.
CLICK TO READ THE COMPLETE POLL RESULTS.
Forty percent prefer the federal government cut taxes, spending, and regulations.
At the same time, there is broad support for increasing taxes on the wealthiest families. Voters support tax increases on families making over $10 million annually by a 46-point margin (70 percent favor-24 percent oppose), and support a hike on those making over $1 million by 36 points (65-29 percent).
There is less support for a broader tax increase: 44 percent favor raising rates on those with income over $250,000, and a small minority, 13 percent, approves of an increase on all Americans.
Both lower- and higher-income households favor raising taxes on millionaires, but views split when it comes to an increase on families making over $250,000. Lower-income households favor an increase, while a majority of those making over $100,000 opposes the idea.
Overall, more voters disapprove (50 percent) than approve (39 percent) of just leaving tax rates as they are for everyone.
Despite the appetite for raising rates, nearly 7 in 10 voters are “extremely” or “very” concerned about the amount they pay in taxes (67 percent). Only the price of health care (85 percent), the political dynamic in Washington (79 percent), and the economy (71 percent) rank higher on the list of voters’ concerns.
Democrats and Republicans find common ground on rejecting a tax increase for everyone, with about 8 in 10 disapproving. But that’s where the similarities end.
Majorities of Democrats favor raising taxes on those making over $250,000 (56 percent), $1 million (81 percent), and $10 million (85 percent).
Republicans are less sure where the sweet spot is for tax hikes. A majority of 59 percent opposes tax hikes on incomes over $250,000, while a 54 percent majority favors increases on incomes over $10 million. For incomes over $1 million, GOP views split: 47 favor vs. 43 oppose.
Pollpourri
The poll asks voters if it would be a “good thing or a bad thing for the United States to move away from capitalism and more toward socialism.” A majority of 54 percent says that would be a bad thing.
Most Republicans (80 percent) say it would be bad, while a plurality of Democrats think it would be good (40 percent good, 34 percent bad, and 26 percent unsure).
The Fox News poll is based on landline and cellphone interviews with 1,008 randomly chosen registered voters nationwide and was conducted under the joint direction of Beacon Research (D) (formerly named Anderson Robbins Research) and Shaw & Company Research (R) from January 20-22, 2019. The poll has a margin of sampling error of plus or minus three percentage points for all registered voters.
I think at this point in time there is wide spread bipartisan support for fixing the gap in financial inequality.
I think Liz’ plan to start at $50 mil is better policy than the $10 mil this survey used. $10mil isn’t exactly “ultra wealthy” if you live in say San Fran.
Secure Da Bag
Veteran
ill
Superstar
Not saying it’s chump change but it’s not generational wealth in high cost of living places.
storyteller
Superstar
I've said in another thread on Warren, that I think of her as a perfect bridge candidate. Which is to say that her proposals are well to the left of typical Democratic behavior in the recent past but they're not as far left as the proposals we see from Bernie or AOC (or at least philosophically she's saying "save capitalism by moving left" as opposed to an instant association with "Socialism." I think this proposal is a good example. AOC just put it into mainstream conversation that we should have a 70% marginal tax over 10 million dollars earned. The polling on that is probably shockingly favorable to a lot of politicians and insiders (inside the Washington bubble). Warren's proposal is hefty but it'll look tame by comparison to most people which makes it more easily digested (and AOC's proposal already has gained traction in terms of poll responses). By being well to the left of most of her peers but not associated with Socialism and making proposals that feed the left but don't give off the same "extreme" appearance to general voters...I think she may be the one that can get both sides (of the Dems I mean) to buy in without being too salty...but she needs to get better on foreign policy imo and I think her policies look good for PoC but missteps like the DNA thing speak to her needing a bit more perspective on translating her message (then again maybe not, it's early and her proposals are FIRE so we'll see).
This could backfire though. My bigger fear is that people closer to the Center vote a more center based platform (Harris or Beto) and the leftists are Bernie's to lose I'm thinking; so she may be a great in between candidate who could do really well galvanizing the entirety of the base in a general. But in a primary like this one, she may lose out in these polarized times (even speaking on the Democratic party on its own).
Perfectson
Banned
Close the loop holes , this is stupid. So if I amass a fortune I'm going to get annual asset tax just for having ? Ridiculous
Anyone smart person will just move assets back offshore and live there the majority of the time. You tax income and purchases .you don't tax assets , you're just pushing rich people out the country
jilla82
Superstar
they certainly think differently.
Betty Draper
Pro
Wealthy people- and I believe there’s a difference between someone rich and someone wealthy. Always move their wealth offshore anyway. ‘Pushing rich people away’ is a line used to advocate even lower taxes for the super rich. All that does is put middle class people in the position of doing most of the work. Many wealthy people earn billions a year but run to put their money elsewhere because they want to horde wealth they’ll never be able to spend. Most wealthy people don’t even live in the countries with low or 0% tax. They just buy property there which shoots up the price of houses making it harder for the average man/woman. What I think is ridiculous is hording money so vast that neither I, my future children, grandchildren or great grandchildren could spend, but that’s just me.
I’m not advocating closing legal loopholes because many people who earn a decent amount but aren’t super rich use them. I’m referring to the wealthy using loopholes and hording wealth offshore at the same time.