Trump proposes massive onetime tax on the rich

[krispos42]

Trump proposes massive onetime tax on the rich

November 09, 1999

NEW YORK CNN Billionaire businessman Donald Trump has a plan to pay off the national debt, grant a middle class a tax cut, and keep Social Security afloat tax rich people like himself.

Trump, a prospective candidate for the Reform Party presidential nomination, is proposing a onetime net worth tax on individuals and trusts worth 10 million or more.

By Trumps calculations, his proposed 14.25 percent levy on such net worth would raise 5.7 trillion and wipe out the debt in one full swoop.

<snip>

By my calculations, 1 percent of Americans, who control 90 percent of the wealth in this country, would be affected by my plan, Trump said.

<more>

http://articles.cnn.com/1999-11-09/politics/trump.rich_1_donald-trump-trump-said-trump-trump-said-the?_s=PM:ALLPOLITICS

No wonder The Donald is bleating the birther line!

Of course, thanks to Bush, the national debt it now triple what it was in 1999. But I'm sure that's Obama's fault somehow.

[Rosa Luxemburg]

1. Just once?

why not twice, multiple times?

[Drunken Irishman]

2. You're wrong...

It's Obama's birth certificate's fault.

[golfguru]

3. November 09, 1999? That is old news

I am sure trump has flipped on that issue.

[Ohio Dem]

4. Of course he has!

That 1999 suggestion kinda makes sense. Now he's a teabagger, which means making sense is nonsensical, if you follow me.

[bemildred]

5. Oh good.

:popcorn: