Dave Ross: We're already paying wealth taxes -- why not one more?

[Yo_Mama_Been_Loggin]

The idea of a federal wealth tax on the stock holdings of billionaires was proposed Wednesday, and died Thursday.

Talk about cancel culture! Not even Joe Manchin calling it a “Patriot Tax” could save it.

So why would that be, do you suppose?

“Well, Dave,” you might say, “because it’s one thing to tax a rich person when he sells his stock, but it’s totally unfair to tax him just for owning stock.”

Really? Then what about my property tax? Every year I have to pay a tax based on the current value of my house, which is now way more than I paid for it. That’s a wealth tax!

-more-

https://mynorthwest.com/3207374/ross-already-paying-wealth-taxes-why-not-one-more/

[Hoyt]

1. To be fair, they pay property taxes too. Worst, they can't deduct all the property tax and

even some interest.

We need to increase rates on higher incomes, capital gains rates, institute a robust estate tax, and maybe consider forcing the rich to sell some of their stock like people over 72 have to withdraw some retirement savings (if they have any).