@jeffwM to News • 3 months ago'Let's Go!' Top Economist Applauds as Harris Signals Support for Billionaires Taxwww.commondreams.orgexternal-linkmessage-square102arrow-up1755arrow-down116
arrow-up1739arrow-down1external-link'Let's Go!' Top Economist Applauds as Harris Signals Support for Billionaires Taxwww.commondreams.org@jeffwM to News • 3 months agomessage-square102
minus-square@breetailink3•3 months agoWealth taxes are unconstitutional in the United States. It would require an amendment to change that. Capital gains should just be taxed an ordinary income. That would solve a lot of issues such as Medicare, social security, etc.
minus-square@[email protected]linkfedilink1•3 months agoWhether they are constitutional seems to be a fairly open source of debate currently.
minus-square@breetailink1•3 months agoNot sure who those people are but they don’t seem well versed on the topic. If you haven’t read the most recent SCOTUS ruling. It foreshadows their views on the topic. SCOTUS determines want is constitutional. There hs enough case law from scotus to point to wealth taxes as being unconstitutional
Wealth taxes are unconstitutional in the United States. It would require an amendment to change that.
Capital gains should just be taxed an ordinary income. That would solve a lot of issues such as Medicare, social security, etc.
Whether they are constitutional seems to be a fairly open source of debate currently.
Not sure who those people are but they don’t seem well versed on the topic.
If you haven’t read the most recent SCOTUS ruling. It foreshadows their views on the topic. SCOTUS determines want is constitutional.
There hs enough case law from scotus to point to wealth taxes as being unconstitutional