The following is commentary intended for discussion. Add your comments.
A 2% wealth tax, as proposed by Sen. Elizabeth Warren, wouldn’t impact me. It wouldn’t impact most of you. (I think it’s targeting people who have wealth above $50 million.)
I guess it’s tempting to try to play off our jealousy and hope we will be “all for” hitting people who have more than us.
Personally, even when I had nothing, I didn’t resent those who had more. I didn’t hope that they got taxed more, I didn’t spend time thinking about how undeserving they were or how I’d been held back from what was, somehow, rightfully mine. I just tried to show up, work very hard, bounce back, be positive, get motivated after failure instead of feeling discouraged, and help others.
For the ultra-wealthy who speak out on occasion and say they think they should be paying more taxes: nothing stops them from doing so today. They can pay as much as they want over what they owe.
When they’re advocating that “they” should pay more, they’re actually saying they want to control matters so that “others” pay more– because they can do what they feel is their fair share today. No new law needed.
What do you think?
You??? – failure???
Only 14th Amendment “citizens” are taxed upon their income. The 16th Amendment was never fully ratified = fraud.
“Courtesy of Onlashuk Shugaharra
[—POST #1 OF 3—] because FAKEBOOK took the NOTES feature away for no good reason.
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The Jubilee was made permanent as a result of the death, burial, and resurrection. That is one of the major differences between the 1st and 2nd Covenants; also called, Old and New Testaments. If one continues to allow their Earthly Estate to remain abandoned in the PUBLIC under the control and Will of the Government ADMINISTRATION, then how will one ever experience anything other than the resulting consequences of rebellion against the Will and Way of the Creator through His beloved Son?
In other words, when a living soul applied for a Social Security number, and gave evidence of birth, and claimed to be a citizen of the UNITED STATES as a party with no vested interested in a freehold fee-simple estate, and its Trust and Res. (Constitution) That living soul literally genocided the Posterity that they once were. Nice to meet you, ESSAU! Don’t take offense to this. For we ALL have done this, no exceptions. So, don’t get mad that this has been worded this way. It’s not intended as a personal attack. It is intended to help one to see that, “There is nothing new under the sun,” and that no one is better off than any one else.
So, how is giving-up (abandoning/surrendering) of ones birthright for bowl of pottage working out for you? Do you like being a surety-slave-constituting-Fiduciary-Trustee for the profit of other men in CORPORATE cloaks/Titles? We now work for the benefit of other men, for their profit and gain at our loss making our bricks without straw having the same quota due no matter what.
So then, how did exchanging your birthright inheritance Freehold Fee-Simple Estate work out for you? Did you receive an equal exchange for it? Most certainly not! But, you did receive Security! Social Security! Ain’t that wonderful? No wonder the Creator has turned his back on us. We did this to ourselves voluntarily, and even worse, willingly. But then, to make things worse, we still want what was promised to the Posterity, too. Hello?! Double minded much? That is proven from giving-up/abandoning the Freehold Fee-simple Estate, but you still want to be counted among the Posterity of the Fee-Simply Estate in Trust of the American Republic. IF that is not proof of being double minded, then I do not know what is.
So then, what did you get in exchange for giving-up, the Freehold Fee-simple Estate? “Equality?!” Really?! You got equality, and not “Equity?” (Psalm 98:9 & Acts 17:31) And exactly how it that equal to the “real thing,” the substance of the Freehold Fee-simple Estate, hm? Is it as real as Equity? You do know that Equity is as real as it gets, right? IF you didn’t get a fair exchange for the Freehold Fee-simple Estate, then you’ve been taken for a ride. And, more than likely, your still on that ride. Isn’t it time to get off that one-way ride (ticket) to hell?
President Donald John Trump said at his inauguration (January of 2017), “I am here to give the government back to the people… Come and get it!” (paraphrased) How exactly is one going to, “….come and get it…” IF they still allow for their Freehold Fee-simple Estate to remain abandoned in the public, and justly held in abeyance from them under the ADMINISTRATION of other men, who command their Estate in and of the PUBLIC world, which functions entirely under the rule and rules of bankruptcy? Now, do you see why you are obligated to pay all fines, fees, taxes, and prices, even though the blood of the Redeemer has already purchased all things, including your Life, Labor, Liberty and Freehold Fee-simple Estate?
Since it was, “We the People,” that created this Republic and its government, then shouldn’t the Freehold Fee-simple Estate be administrated by you… after it has been placed under the feet of the one who not only Redeemed your Life, Liberty and Labor; but also, purchased your Freehold Fee-simple Estate with his blood out of insolvency?
In other words, shouldn’t we the “Posterity” of the people (Beneficiaries) take control of what was created by our ancestors, accepting the blessing of the Freehold Fee-simple Estate originally gifted to the 1st Man Adam, and passed down through the generation to all of us as an inheritance in fee-simple, not fee-tail?
How do we know this to be true? It is from the Holy Scriptures whence the Magna Carta of 1215 gleaned those rights, that were attached to the land itself that God gave to Abraham. Therefore, it is His covenant that we break when we SELL our liberties and freedom for security under any government of men such as the government of the UNITED STATES. The wording used to transfer the land to Abraham from the Creator-Grantor God was stated in specific words, these words were used in transferring Freehold Fee-simple Estates in Trusts until the 1800’s. These very same words are still found in Deeds, Wills and other Trust Instruments transferring property from Grantor to Beneficiary. They are the words of inheritance defining the size of the freehold. “To Ourselves and our Posterity,” are those words of inheritance. “In God we Trust,” does not only mean, in God we have faith, but more-so Trust. It’s always all about Trust.
IF not, then how are you not exactly like Esau? How have you not done exactly the same thing that Esau did? Didn’t Esau “despise” the gift of the inheritance? In other words, despise the gift of the Freehold Fee-simple Estate, which originated from the Creator given to the 1st Man Adam, and Redeemed out of insolvency by the “finished work,” that “Perfected Equity,” by the 2nd and Last Adam? Now, not only do you know why you can say that the Estate is a Freehold Fee-simple Estate. But, you now also know the biggest reason why the nations in the middle east have never known peace. For they suffer under a curse brought to them by the wickedness of Esau for following in the footsteps of Esau, learning to also despise the gift of the Creator, the Freehold Fee-simple Estate. Hebrews 12:16, “…lest there be any fornicator or godless living-soul like Esau, who for one morsel of food sold his birthright.”
This is the distinction of Esau, and it is carried on through the generations of his bloodline. How unfortunate, even though it is rightly deserved for rebellion. All I can do is to encourage you to not follow in Esau’s footsteps as so many of his prodigy have, and likewise, suffer for that folly. (Read the entire story recorded in Genesis 25, specifically verses 29-34)
Do you see the connection? IF not, then let me ask you a few questions in the spirit of the homicide detective, “Lieutenant Frank Columbo.” Remember, you are not obligated to answer any of these questions. However, these questions are being asked to help one to see something that has been totally and completely seen and understood, but missed. Yet, it has been right before your eyes, all of your years. Now, that may be hard to agree with, but it has been.”
MoeMatrix, Sharyl, and Full Measure Team :
MoeMatrix, actually, we DID Not “do this to ourselves”!—not to take away from your excellent analyses.
We have been assaulted/robbed/enslaved by CLEVER and Evil men!—also known as : “Shadow Elites” or “Shadow Government” or “Deep State” or “Satan” or “Ba’al” or “Moloch” or “Worshippers of the Golden Calf” or “Garden Grove Worshippers” (( this scribbler/researcher has traced that Evil germ-line to before advent of the Sumerian civilization, and traced its path of death and destruction to this time/age )).
MoeMatrix, exactly HOW may an avowed
Communist become – he claims : “…in my youth… –
director of the CIA : John Brennan ?
Well, Glenn Beck had been told by President George W. Bush, “Whoever sits in this chair has no power, to change things.”
“Former CIA director turned MSNBC intelligence analyst John Brennan told the outlet’s audience Monday that he is “increasingly embarrassed to be a white male,” in reaction to investigations surrounding the Jan. 6 attack on the U.S. Capitol.” :
https://www.theblaze.com/news/former-cia-director-john-brennan-im-increasingly-embarrassed-to-be-a-white-male-these-days
One has to study the TRUE history of how Marxian Lincoln got into power (( search his and wife Mary’s use of occult MEDIUMS for guidance, beginning in 1852 and thereafter )), to begin his WAR Against the Founders’ and Framers’ CONSTITUTIONAL Republic, and against We-The-People’s RULE-of-Law and Self-Determination.
Study the history of how Marxists from Europe – the Forty-Eighters – were welcomed into his soon-to-become TOTALITARIAN administration.
-Rick
I think the only fair and reasonable way to tax is to tax a certain percentage across the board regardless of the income a person earns. Those who make more are already paying more but the percentage is the same across the board. To make different percentages for different people would make it biased and an unjust weight because you are now making decisions based upon people who fall into a particular category and who’s to say that your decision of that is just or right. If everyone is getting taxed the same percentage then that is more fair than any subjective percentage for people in a subjective or changing category.
Wealth taxes have never worked. The net effect of a wealth tax is loss of businesses and organizations because those taxed just leave and move to a place with lower taxes. Another effect is the loss of income to those who can afford it least.
Wealth tax is a red herring. Senator Warren knows full well that the constitution does not provide for the federal government to lay a wealth tax. The multi billionaires are aware of this as well. Political positioning and virtue signaling is all it is.
Since it required a constitutional amendment to legally tax income, would it not require another amendment to tax “wealth”?
No, and Hell No!
Your wealth has already been taxed. You paid that when you earned it. You also pay taxes on it when you spend it. No way should you owe taxes on it simply for having it.
Also, is that not Unconstitutional? We have a Constitutional Amendment that let the government charge income tax. It says NOTHING about wealth taxes.
There was a time I didn’t I do now all these billionaire oligarchs out there that are trying to shut down our free speech burning books basically and all the other things that their funding with their money we need to take it away from him teach him a lesson punish the hell out of them back some 50%
I think it moves money from productive purposes (investment capital, real estate and other real property, etc) to consumptive purposes (redistribution as welfare, college loan forgiveness, free child care, free college, etc.). As such, it would result in fewer jobs, less opportunity, less upward mobility for poorer classes and more poverty and inequality, thereby creating a vicious cycle of increasing taxes/increasing poverty/increasing redistribution
It’s terrible!
Whether they paid an inheritance tax or they paid taxes on dividends or taxes on profits or wages, we’ve given our “partner” Uncle Sam his share all along.
How can he justify making another run at our tax-paid pile?
That’s not America.
A wealth tax will only serve to cause layoffs for those who work for the wealthy. Poor people don’t sign paychecks. Warren Buffett is shrewd enough to know that a wealth tax would hinder and remove a certain degree of his competition, so he is not being magnanimous. The best tax system for advancing the standard of living for the working class would be a national sales tax as it would bring manufacturing back and raise working class wages.
Putting “taxation is theft “ aside, I’m more in favor of (a) tax based on use, and (b) no double taxation. To the second point, I view a wealth tax as double taxation. The wealth was taxed when earned and should not be taxed again. Further, taxing wealth year over year will reduce someone’s wealth over time because of the double taxation. Most wealthy individuals already bear the lion’s share of the tax burden anyway. I do support constrained, practical government spending and accountability which we do not have at local, state, or federal levels. That is where the discussion should be focused.
Sounds like socialism and a good way to chase american investment away.
This story was often told in Soviet Russia, and I first heard it in Romania:
Yuri and Alex were peasant farmers who lived next to each other. Each had a small plot of land where he grew potatoes, and Yuri had a goat.
So every morning, Yuri would have milk with his breakfast.
One morning, Alex was digging potatoes and found an old dirty lamp. He rubbed the lamp to clean it and a genie appeared.
The genie said, “Alex, I can grant you one wish. Anything thing you want, I can give it to you. What is your wish?”
Alex replied, “I wish for Yuri’s goat to die.”
No is the short answer. This will lead to taxing 401K, property, family heirlooms, cars, etc.
This isn’t a tax. This is straight up confiscation
It doesn’t impact me, but I’m totally against it. I’m against all punitive Taxes. As an example: my state excise tax on cars is based on the value of the car and not based on how miles you drive. That’s punitive.
I’m not in favor of a weath tax.
-That money has already been taxed at least once.
-The threshold is $50 Million today, but what’s to keep politicians in search of more money to fund their pork projects and vote buying from lowering it?
No. The wealthy already pay the vast majority of the federal tax.
If there was a constitutional limit on the threshold, I could be talked into it. If not, the threshold will be <=$100k in a decade. Without that hard to change limit, this is the 'camels nose in the tent'.
No wealth tax. All should pay. And people should not be lifelong wards of the state. Only those that have payed into social security should receive it v
The way for everyone to pay is a consumption tax on everything except food, medicine, and shelter. Shelter being real estate transactions, property taxes, impact fees; leave that for local jurisdictions. Payroll tax for Social Security Trust Fund, managed and separate from the government budget. Corporate income tax above a certain revenue (if BoA can give 1 billion to BLM, they can pay more taxes). Personal property (national or international) tax on the super wealthy. Very small Financial Transaction Tax on stocks, bonds, and derivatives (pension and retirement funds exempt). No income taxes….Somebody add that up ;-)