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Wealthy Europeans seem to do just fine. And wealthy Americans did just fine in the 50s when our tax rate was much higher.
This just goes to show the elite live in bubbles almost completely isolated from the rest of the world.
He knows that, even though they'll be taxed a bit more, the benefit from ending the Trump threat to him and his fellow globalists will more than make up for it.
Warren's proposed new "wealth" tax is not at all realted to the federal income tax code, just as Sanders' new "stock market transaction" tax is not.
Warren's proposed new "wealth" tax is not at all realted to the federal income tax code, just as Sanders' new "stock market transaction" tax is not.
yet both are still great ideas that should be implemented.
What bubble? You mean like these bubbles?
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yet both are still great ideas that should be implemented.
They won’t open the stock market if Elizabeth Warren is the next president,” Leon Cooperman declared rather hyperbolically at a CNBC event Thursday. Later on television, the billionaire investor backed off a bit, but added that if Sen. Warren (D., Mass.) or her main rival on the left for the Democratic nomination, Sen. Bernie Sanders (Ind., Vt.), were to win next year’s election, a bear market lasting a year and knocking stock prices down 25% would likely follow. He concluded his segment by advising viewers to “vote right and vote often,” which the financier presumably meant facetiously.
Why not fix the broken FIT system we have rather than introducing new laws. Just shiny objects to show to the unwashed as the big donors laugh.
Billionaire wealth is far less connected to salary these days than they were in the 50s. Didn't Steve Jobs have an income of $0 one year?
He knows that, even though they'll be taxed a bit more, the benefit from ending the Trump threat to him and his fellow globalists will more than make up for it.
Neither appear to be consistent with current (constitutional) federal powers. Why not simply raise federal income tax bracket rates and/or eliminate the special treatment of "income from all sources" based on its source and on how or upon who it was later spent?
He knows that, even though they'll be taxed a bit more, the benefit from ending the Trump threat to him and his fellow globalists will more than make up for it.
If people's wealth is going to be taxed after it is taxed when they earn it, why doesn't everybody pay that yearly?
How long will it be before everybody declares bankruptcy?
He knows that, even though they'll be taxed a bit more, the benefit from ending the Trump threat to him and his fellow globalists will more than make up for it.
97% of the “people in my world are really, really fearful of her.”
I don't believe that.
Billionaire wealth is far less connected to salary these days than they were in the 50s. Didn't Steve Jobs have an income of $0 one year?
Here's another billionaire's perspective should Warren or Sanders win the presidency....
Elizabeth Warren’s Rises Has Wall Street Worried - Barron's
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