Sunday, December 29, 2019

Warren's proposed Wealth Tax



https://www.factcheck.org/2019/06/facts-on-warrens-wealth-tax-plan/

If Presidential Candidate E. Warren's proposed Tax on 2% of all Wealth above $50M goes into effect, in 50 years all wealth will be drained and the program will have to stop.  This is punishment for being wealthy.  This Extremist Democrat will only cause POTUS45's reelection.  Also people will stop playing the State Lotteries or gambling in Casinos.  USA's burden of Heavy Taxation is why there are Homeless people in USA.  Over-taxation and Over-legislation is not the answer; use existing Tax Revenue, not mismanage funds.  High Property Taxes in CA for example is why people are leaving CA to other States.  Taxes for reducing Homelessness come from where?  There are enough Taxes.  Govt. needs to own a profitable business in lieu of Taxes, like in Saudi Arabia or nearby countries that have profitable revenue from Oil and don't need Citizen taxes.  The Wealth Tax will be an end to Capitalism.  

M7C 2019.


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