WASHINGTON—Democratic presidential candidate Elizabeth Warren has unveiled sweeping tax proposals that would push federal tax rates on some billionaires and multimillionaires above 100%.
That prospect raises questions for taxpayers and the broader economy that experts are starting to ponder: Under which circumstances would taxpayers have to pay those rates? How might that change their behavior? And would investment and economic growth suffer?
Why is this thief not in an asylum for the mentally disturbed?
Common sense says so
Could? 😂😂😂😂😂😂😂😂
Let s let them pay their share for a change. That is all we ask.
Basically...😐
No, they all will leave
Game over. Just get retired
Slow economic growth, how about destroy it and the financial markets.
This is insanity! Wake up people this woman can’t get anywhere near the Oval Office!
Comes now the not unexpected propaganda. The three trillion her tax would raise from a 2% wealth tax only on those with 50 million or more would do so much for aggregate demand and economic growth that those so taxed would wind up with more money in their pockets than before.
You know what, nothing the government institutes is cost efficient. There's tons of waste.
What utter BS
Yeah I would vote for her. Not!
No it wouldnt
And some say that’s bullshit.
Perhaps there should be an age limit for presidential candidates, or at least regular testing for the usual mental health issues like dementia, Alzheimer etc. This way you can't tell if she is insane naturally or maybe it is a medical issue. Destroy the economy, great politics.
SOME say it COULD? So, most say it WON'T? Just a SWAG, but, if she wins, by the time she is sworn in NONE of the billionaires will be RESIDENTS of USA. So I'm in the 'Yes it will' camp. ALTHOUGH, it would be fun to hear her 'fellow Democrats' explain 'the sick aunt in Bahamas'.
Some say? Anyone with more than half a brain.
How is it mathematically possible to have a tax rate above 100%? Taxing last year’s revenue again?
Rubbish!
Good
Look at all these bootlickers so concerned about the woes of billionaires and ultra-millionaires. Sad!
You must not know how to use her billionaire tax calculator.
Some say it would slow economic growth? The American taxpayer: invented the internet, GPS and put men on the moon, maybe the American taxpayer deserves an ROI, just like when Apple amazon facebook Google makes an investment
That's her goal. Confiscate all the work. It's for the 'common, good', ya know.
Ya’ think?!
The billionaires say that everyone else would benefit - Trump and Mnuchin will be gone and we will all be better off as a country
Some? Could slow? Destroy its a better adjective and more accurate.
Some say? What the literal fuck is wrong with you people?
She’s never really had a real job, so what would Pocahontas know about economic growth
Perhaps we should run w this experiment. I'm not supporting & don't envision a positive outcome from such proposals. Then, again, I'm not an economist & as big of a stretch this seems to me, maybe it's an experience we can learn from as a nation? Maybe in hundred + yr timescales.
Um no. Just no. This is a LIE
is the safest place for you to tag your friends in news articles. We write and sell access to algorithms designed to combat misinformation. Follow us overlooked_inc
Who is John Galt ?
Well the tax cuts didn’t help Americans other than the rich. Regular Americans get left with trillions in debt trump has created while in trumps words “best economy in 🇺🇸 history”. The rich got a hell of a lot richer.
Now do the Trump tax cut versus debt and US investment
'Could slow growth...' Venezuela
For the greater good?
amlivemon
Hey, Mack, spare a tax break for a billionaire down on his luck.
Some say trickle down economics is good for an economy, but they would be wrong. Wealth hoards wealth. The middle class is now the working poor. Change is desperately needed.
Should be all say! So here’s the problem with warren’s plan. Virtually all the money that poor entrepreneurs with a great idea use to start up comes from rich people. Rich only invest money left after all their personal/business needs. If you take it in taxes you kill innovation
Ah, the 'billionaires might take their ball and leave' defense against the mere proposal of commonsense taxation.
Since 1980 the RepubliCONS have lied to Americans telling them taxing corporations and the rich has a negative impact job growth and their own economic health. 39 years later we are living with the disastrous affects of this bold lie. Sad. Kakistocracy
'Some people say'😂 that's exactly what Trump says
Anyone thought that if this woman tries to take too much from those who rightfully earned it, to give it to those who haven't, that such people will simply leave? Recall France attempted the same stunt many years ago and that's exactly what happened there
Over 100% tax means the end of Govt revenue as the rich flee the country
Billions of assets liquadated around tax time would crash the economy
Where and when has tax your way to prosperity ever worked?
She is 🦇💩🤪
Is she that stupid to recognize that these folks will be the first take their $$$$$$ overseas? So who’s going to foot the bill now for her ridiculous programs?
Yes - the millionaires and billionaires wouldn’t have as much money to line pols’ pockets. Definite economic downturn for them
now, do we still hate trump thaaaaaaat much?
You don’t fucking say?!? A policy of government theft of someone else’s hard earned money to distribute to others simply because of being successful would do that?!? No shit.
Above 100% at what point in the 1040, or whatever form they file? It's not like these people are paying taxes on 100% of income. According to Buffet, many of these people are paying less than middle class citizens - that's not because of the tax bracket that they are in.
You think? Someones has got to pay for the “Free stuff”. “The only thing wrong with Socialism is this, eventually you run out of other peoples money”. Margaret Thatcher
How?, it would put money in the pocket of the middle class. No one can spend that much money and they always use other people's to fund new ventures. They just hosts it or give some away for philanthropy.
Ya think?!
Well the left will get what they have wanted —everyone equal — EQUALLY POOR. Except for people like Lizzy and Elites. Why do well in this country? They will just confiscate any success you have or build.
Laughs in laffer curve
Could? It will.
Dow jones hit 28000 first time ever
Some say? That’s just common sense and Warren obviously doesn’t have any.
Not a clue. None.
Seems a little more than FairShare no?
Could slow economic growth? You think? The very thought of taxing someone 100% is criminal. Warren is a joke, and not a funny one.
Sure fire way to decrease the investment of capital, which decreases the tax base. Billionaires are gonna have to go the drug lord route and have rooms full of cash.
Where in the world has this ever worked.
The idea that govt. can do better with taxpayers money than the citizens is a totalitarian scheme.
Just take their money? Sure Elizabeth you worked so hard to accumulate it. You deserve it to finance your socialist agenda. Socialists are fools.
Ya think?
Opinion | Some say that billionaires are grossly undertaxed. Some say the WSJ is the tool of billionaires. Some say eat the rich. Sweet dream, crooked bitches.
Idiot
Something tells me this is being made up. Where are your facts vs just opinions presented in this article. BC based on Warren's calculator it's not a 100% tax rate. Please explain.
“The 0.01% richest households evade about 25% of their taxes,” from annette_als pdf
I think we all know who the 'some' that are saying that are... Billionaires and the hobby industry of right wing propaganda they own. Toxic self interest! Fake news!
Could?
She will ruin the economy. Really
No one will accept this
Jeff Bezos can buy his own army. Let that sink in.
wsj believes the tax rate for the rich would be above 100%. That is how stupid wsj thinks you, are that you would believe that.
Pocahontas Pow Pow
This woman has a long back with no spine. It’s so funny. Lmao.
Then, what does she do when the money runs out? She comes for the middle class. She’s insane
Do you think?
'Some say?' Oh, are you guys following in Trump's footsteps & using one of his favorite, bogus terms now?
I don't like the idea simply, because a wealth tax has never worked for anybody through out history. If she wants to win..get on the I will raise wages. That's a winner to compensate new inflation. Good for all..
I wonder if any of these billionaires are from Wall Street financial institutions and should have been getting out of jail soon for their involvement in the financial crisis in 2008. Any comment
Ya think?
It's not just a possibility that growth would slow, it absolutely would, in fact it would completely stop and shrink. The market would fall 25%. Mark Cuban said that policy would take all his liquid assets in one year.
Slow economic growth - how about kill it!
Wouldn’t they just move out of the country? Corporate headquarters out of the country?
Whelp. There goes 600 people who will vote against her, out of self interest. The other 350 million, however, should vote in our interests as well. I'm much more interested in health care, education, infrastructure & climate change than keeping billionaires as rich as possible.
Some also say tough titty for billionaires and multimillionaires.
Dear voters: a plan isn’t a law & presidents can’t write & pass bills themselves. Congress must support & agree to fund a presidential policy. Would you still vote for her if she can’t pay for her plans? Likely yes, and that’s totally fine - just be clear a plan isn’t a promise.
The plan won't work because people with that much money tend to be smart. If they perceive that she might actually win, they will move their wealth out of the reach of this criminal, thieving, fake Indian.
Gee you are really waging a world agst her.
Absolutely!
Cannot decide who’s the bigger fool ewarren or TeamPelosi “Presidential candidate Elizabeth Warren’s tax proposals would push federal rates on billionaires and some multimillionaires above 100% to finance social programs. Some say that could slow economic growth.”
If the billionaire leaves , who should she tax then? And who will provide the products for the whole country? Politicians?
“Slow economic growth”? You mean lead the US economy into a severe depression?
Ya think?
This is L.O.L funny. Did WSJ hire TheOnion
Could? More like “will”
Government control of money is NEVER the answer.
Poor mens.
How will these billionaires ever survive?
They would be fear-mongering - taxing billionaires and putting the money into communities via govt programmes would be a massive stimulus to the domestic economy
I don’t trust her
This is called unjustified negative publicity for ewarren. Isn't it?
So what you’re saying is that she’s done.
Insanity.
Why is it they always tak about growth even though people starve every day. You have to change how your mind prioritizes things. If you can be anything in this world be kind, not big.
Did the tax cuts promote growth or hoarding? Maybe taxes fuel the animal spirits, innovation along with community.
Oh! I'm sure! And the ones saying it are bought to say these things from billionaires & some multimillionaires.
She is a multimillionaire so does the tax apply to her? Isn't she worth about 12 or 15 million? If it applies to her, she should speak out and state it includes her wealth.
It’s pretty simple as to why this is the case. If there is a 2% wealth tax and you generate less than 4% on your wealth that year (assuming 50% tax rate on income) then taxes paid will be greater than income.
Republicans have been lying about high taxes on the rich slowing growth since at least 1981. Yet ALL the evidence proves otherwise. Our economy performs far better when we limit income concentration with high taxes on the rich.
Como puede ser tan demagoga.
WSJ with their anti Warren agenda.
😂
Could?
russian shill
Looney
Billionaires and multimillionaires who for years have paid little to no taxes. Cry me a river. I care about your inability to buy that second yacht about as much as you care to pay a fair share of taxes.
WSJ---You MEAN as opposed to the 0% they pay now!!? Then ANY INCREASE would be 100%!!! WSJ your Murdock is showing!!!
Communists glad
Save the billionaires! Said no one
Time to start writing the obituary for this campaign. What a mess.
She’s done 🤣🤣🤣
She’s brilliant! Lol.
Stop supporting HK mobs!
Payback for buying politicians in 2016 tax scam, is a bitch! MAGA
The math machinations you used for your example are quite misleading.
Hey, no worries l’m just gonna take all your money!!! What the big deal and uproar about this? Yes, Elizabeth Warren is a moron. (Satire about)
She can’t do that