Author Topic: And They're Off! The Democratic Candidates for 2020  (Read 29914 times)

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Offline drogulus

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Re: And They're Off! The Democratic Candidates for 2020
« Reply #500 on: September 05, 2019, 01:45:28 PM »
Is this an oblique way of averring he's actually right?

    It's not much of an insight. I wouldn't plan on becoming a persecuted revolutionist in order to have a street named after me.
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Offline Florestan

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Re: And They're Off! The Democratic Candidates for 2020
« Reply #501 on: September 05, 2019, 02:12:56 PM »
    It's not much of an insight. I wouldn't plan on becoming a persecuted revolutionist in order to have a street named after me.

You are as cynic as Todd is --- the difference is that you parade as a humanitarian, while he is honest.  :laugh:
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Offline drogulus

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Re: And They're Off! The Democratic Candidates for 2020
« Reply #502 on: September 05, 2019, 02:39:17 PM »

You are as cynic as Todd is --- the difference is that you parade as a humanitarian, while he is honest.  :laugh:

     I'm neither a cynic nor a humanitarian. I do like parades, though, and carnival rides.
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Offline drogulus

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Re: And They're Off! The Democratic Candidates for 2020
« Reply #503 on: September 12, 2019, 06:21:23 AM »

     Warren says her tax plan asks just ‘two cents’ of the super-rich. But how much of a hit would Gates, Walton and their peers actually take?

     I am unimpressed by the arguments made by libraservatives on the effects of such a tax. Both branches agree that higher taxes on the wealthy are a hit, with the left saying it's not much of one and the right saying it's big.

Her populist pitch is largely centered on her wealth tax proposal, which would impose an annual 2 percent tax on wealth over $50 million and a 3 percent tax on wealth over a billion. The plan would raise about $2.75 trillion over 10 years, the campaign says.

     The effects of tax changes are distributional. By altering the tax balance towards increased economic activity it's unlikely the rich would suffer a hit.

     
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Offline JBS

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Re: And They're Off! The Democratic Candidates for 2020
« Reply #504 on: September 12, 2019, 04:11:01 PM »
     Warren says her tax plan asks just ‘two cents’ of the super-rich. But how much of a hit would Gates, Walton and their peers actually take?

     I am unimpressed by the arguments made by libraservatives on the effects of such a tax. Both branches agree that higher taxes on the wealthy are a hit, with the left saying it's not much of one and the right saying it's big.

Her populist pitch is largely centered on her wealth tax proposal, which would impose an annual 2 percent tax on wealth over $50 million and a 3 percent tax on wealth over a billion. The plan would raise about $2.75 trillion over 10 years, the campaign says.

     The effects of tax changes are distributional. By altering the tax balance towards increased economic activity it's unlikely the rich would suffer a hit.

   

Warren is a law professor, and so should know that her proposal contradicts a specific provision of the Constitution. (The same provision was the reason it was necessary to pass a constitutional amendment to allow a federal income tax.)  It's possible the courts would uphold the tax, of course, but any wealth tax would be bottled up in court challenges for years, assuming it would even pass Congress.
So is Warren ignorant of the law, or proposing something she knows won't become reality?

[Wealth taxes are a common thing in the US, of course. Anyone who pays property taxes, or intangible taxes, is paying one. But until now they are not levied on total assets, and are levied only at the state and local level.]

Offline drogulus

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Re: And They're Off! The Democratic Candidates for 2020
« Reply #505 on: September 12, 2019, 04:41:49 PM »
Warren is a law professor, and so should know that her proposal contradicts a specific provision of the Constitution. (The same provision was the reason it was necessary to pass a constitutional amendment to allow a federal income tax.)  It's possible the courts would uphold the tax, of course, but any wealth tax would be bottled up in court challenges for years, assuming it would even pass Congress.
So is Warren ignorant of the law, or proposing something she knows won't become reality?

[Wealth taxes are a common thing in the US, of course. Anyone who pays property taxes, or intangible taxes, is paying one. But until now they are not levied on total assets, and are levied only at the state and local level.]

    My concern is with the effect of changes in the distribution of tax, however it's done, and the consequent improvement in economic growth when the rich get more income from customers with money and less from tax breaks on their passive investment. The efficiency gain on the demand side will work just as well as the supply side doesn't, for exactly the same reason.
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Offline JBS

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Re: And They're Off! The Democratic Candidates for 2020
« Reply #506 on: September 12, 2019, 05:07:33 PM »
    My concern is with the effect of changes in the distribution of tax, however it's done, and the consequent improvement in economic growth when the rich get more income from customers with money and less from tax breaks on their passive investment. The efficiency gain on the demand side will work just as well as the supply side doesn't, for exactly the same reason.

My point is, it won't be done, and Warren ought to know it. Either she is proposing an idea she knows won't happen, or  she's an idiot.

Offline drogulus

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Re: And They're Off! The Democratic Candidates for 2020
« Reply #507 on: September 12, 2019, 06:20:17 PM »
     
My point is, it won't be done, and Warren ought to know it.

     I don't like it for my own reasons, though I like that it is proposed, for other reasons.
« Last Edit: September 12, 2019, 06:21:50 PM by drogulus »
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Offline 71 dB

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Re: And They're Off! The Democratic Candidates for 2020
« Reply #508 on: September 13, 2019, 01:13:31 AM »
The degree of Elizabeth Warren's "progressiveness" is questionable. Sure, she is more progressive than almost all other Democrat candidates running, but she is not Bernie Sanders, not even close. We can't be sure Warren is for medicare for all if she becomes the president, but we CAN be sure Bernie Sanders will be as the president. Bernie Sanders is just too kind of a person to bring up their differencies as candidates.
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Offline Muzio

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Re: And They're Off! The Democratic Candidates for 2020
« Reply #509 on: September 13, 2019, 02:23:01 AM »
----> Deleted...not pertinent.
« Last Edit: September 13, 2019, 03:21:57 AM by Muzio »
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