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Well, for one

Posted on: March 2, 2021 at 08:26:00 CT
4TigersinMichigan MU
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many people are generating actual revenue from holding real estate. Holding stocks only create a momentary value that could disappear tomorrow.

Look at what happened with GameStop. Were those holding large amounts of stock for those days it topped out really that wealthy?
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Can any serious person support Warren's wealth tax idea? - 4TigersinMichigan MU - 3/2 08:07:59
     Not to worry..it is Unconstitutional(nm) - Spanky KU - 3/2 09:41:38
     No. Problem is we have a huge number of socialists - RHAYWORTH MU - 3/2 09:01:07
     Suspect citizens would be forced to submit financial - BH O'bonga MU - 3/2 08:46:02
     this is what happens when you fully support theft - meatiger MU - 3/2 08:31:29
     Just as bad as an income tax. Can any serious person support - ummmm MU - 3/2 08:17:34
          No. Its far worse. When gov't can/will do that then its - GA Tiger MU - 3/2 08:44:04
          Serious people who pay their bills do friend - Floyd Turbo 99 - 3/2 08:22:50
               sup floyd, started on your 2020 taxes yet? (nm) - SwampTiger MU - 3/2 08:23:51
                    Been a taxpayer 40 years child. I’ve paid income taxes - Floyd Turbo 99 - 3/2 08:27:27
                         That was brilliant - 4TigersinMichigan MU - 3/2 08:27:51
          Yes - 4TigersinMichigan MU - 3/2 08:21:09
               you aren’t a serious person (nm) - pickle MU - 3/2 11:02:58
               So if we get a wealth tax now.. - meatiger MU - 3/2 08:28:22
                    I don't even know how to respond to such nonsense - 4TigersinMichigan MU - 3/2 08:29:34
                         you said if it is "so common" - meatiger MU - 3/2 08:30:48
                              Show me one place I said it was "OK" ? - 4TigersinMichigan MU - 3/2 08:32:11
                                   eminent domain - meatiger MU - 3/2 08:33:58
                                        Not all closure of business - 4TigersinMichigan MU - 3/2 08:36:47
                                             Where does that money come from?(nm) - meatiger MU - 3/2 08:38:09
                                                  Mostly from taxes - 4TigersinMichigan MU - 3/2 08:40:56
                                                       mostly? - meatiger MU - 3/2 08:41:42
                                                            Municipalities do not solely derive income from taxes meat - 4TigersinMichigan MU - 3/2 08:44:38
                                                                 then where do they derive it from? (nm) - ashtray UF - 3/2 09:06:05
               That didn't differentiate from the wealth tax. - ummmm MU - 3/2 08:24:21
                    Income is a defined and tangible quantity - 4TigersinMichigan MU - 3/2 08:26:55
                         Huh? Arriving at one's taxable income for a year is - ummmm MU - 3/2 08:30:15
                              That is the fault of a deeply flawed tax system - 4TigersinMichigan MU - 3/2 08:35:00
                                   The internal revenue code has to be complex in order - ummmm MU - 3/2 08:40:16
                                        That is one of the reasons the tax code is so complex - 4TigersinMichigan MU - 3/2 08:46:32
                                             I don't know how it could be worse. Have you ever held - ummmm MU - 3/2 08:54:21
                                                  It is the reason our federal government was given a role - 4TigersinMichigan MU - 3/2 08:56:04
                                        Especially given - meatiger MU - 3/2 08:42:42
                                   Given how our income tax system works - meatiger MU - 3/2 08:36:22
                                        And using the recent GameStop example - 4TigersinMichigan MU - 3/2 08:37:56
                                             People delay income payments after the 1st of the year now - ummmm MU - 3/2 08:41:48
                                             no different than if you - meatiger MU - 3/2 08:39:58
                                                  Once you are paid the bonus, you have the bonus - 4TigersinMichigan MU - 3/2 08:47:44
                                                       most likely, yes - ashtray UF - 3/2 09:09:31
                                                            lol..stop making sense(nm) - meatiger MU - 3/2 09:15:55
                         Wealth is very much defined - meatiger MU - 3/2 08:29:47
     Socialists and idiots are serious people. That’s the - hokie VT - 3/2 08:11:56
     While I am completely against it - meatiger MU - 3/2 08:09:10
          Then tell me the mechanism for paying a debt that - 4TigersinMichigan MU - 3/2 08:11:17
               sell off assets to pay the tax - ashtray UF - 3/2 08:12:52
               Ever hear of real estate taxes? Nm - SparkyStalcup MU - 3/2 08:12:14
                    Yes - 4TigersinMichigan MU - 3/2 08:12:56
                         But based on what shows on paper and not what is in - ummmm MU - 3/2 08:19:49
                              Holding real estate is vastly different in several ways than - 4TigersinMichigan MU - 3/2 08:23:10
                                   The wealth tax is more than just stocks - meatiger MU - 3/2 08:27:28
                                        I know - 4TigersinMichigan MU - 3/2 08:28:48
                                             Yes, it's a terrible idea. Just like a tax on real property - ummmm MU - 3/2 08:32:39
                                                  I have never been a strong proponent of any of them - 4TigersinMichigan MU - 3/2 08:39:49
                                                       I agreed with it in my first post in this thread. - ummmm MU - 3/2 08:43:27
                                                            And not all posts refer to you specifically - 4TigersinMichigan MU - 3/2 08:50:28
                                                            but the income tax is "very common"(nm) - meatiger MU - 3/2 08:44:19
                                                                 Yes, it is meat - 4TigersinMichigan MU - 3/2 08:50:48
                                                                      umm has stated the argument quite well(nm) - meatiger MU - 3/2 08:51:36
                                                                           And you, as usual, have jumped in a made a mess of it - 4TigersinMichigan MU - 3/2 08:56:45
                                                       smug troll (nm) - SwampTiger MU - 3/2 08:42:25
                                                            I don't think he is trolling - meatiger MU - 3/2 08:44:52
                                                                 he's always trolling meat - SwampTiger MU - 3/2 09:43:06
                                                       What is remarkable - meatiger MU - 3/2 08:41:23
                                   How so? (nm) - ummmm MU - 3/2 08:24:45
                                        See below(nm) - 4TigersinMichigan MU - 3/2 08:27:28
                         what's the difference relevant to your question? (nm) - SwampTiger MU - 3/2 08:18:22
                              Well, for one - 4TigersinMichigan MU - 3/2 08:26:00
                                   Real estate prices go up and down too. (nm) - ummmm MU - 3/2 08:31:44
                                        Real estate prices can indeed fluxuate - 4TigersinMichigan MU - 3/2 08:49:35
                                             what percent of the population derives actual revenue from - meatiger MU - 3/2 08:50:36
                                        And unless you sell or rent - meatiger MU - 3/2 08:33:06
                                             Yes, just like the wealth tax, a potential for increased - ummmm MU - 3/2 08:34:32
                                   many people generate revenue from holding stocks as well - SwampTiger MU - 3/2 08:27:51
                                        I can charge rent, lease property, use property to run a - 4TigersinMichigan MU - 3/2 08:30:58
                                             and you pay taxes on that money as well (nm) - ashtray UF - 3/2 08:32:41
                                             dividends not reinvested (nm) - SwampTiger MU - 3/2 08:31:54
                                                  Correct - that is one way - 4TigersinMichigan MU - 3/2 08:52:17
                                                  well..that was easy...lol(nm) - meatiger MU - 3/2 08:34:42
          And it will employ a lot of accountants - meatiger MU - 3/2 08:10:02
     they may be serious, but they aren't very smart (nm) - ashtray UF - 3/2 08:09:01




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