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Re: We are all Slave now.
Quote:
Originally Posted by Greedy,Greedy,Greedy
I don't think you understand Davos. Most of those planes come from MENA, Russia, and the Autocracies of Asia.
You think a 2% wealth tax on wealth over $50M is confiscatory? Really? What are your property taxes? Here in Mass, median home and mortgage are about $400K and $300K, respectively, and average retirement savings are around $200. With a 2 1/2%+ property tax (prop. taxes are limited by law to 2.5$ unless the town votes to "override" the limits), most people are paying more than 2% in wealth taxes each year (the wealthy aren't - they have more wealth in assets that aren't part of the tax and less leveraged homes).
We can debate the merits, but calling it confiscatory is just moronic and out of touch. Get a clue.
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That's an interesting way of looking at it, one I hadn't considered. Maybe the way to sell this to expand property taxes to include other kinds of wealth.
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“It was fortunate that so few men acted according to moral principle, because it was so easy to get principles wrong, and a determined person acting on mistaken principles could really do some damage." - Larissa MacFarquhar
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