Liz Warren is a piece of work, and sadly, for her, she can’t be in the Whoever is Running the Biden Administration (WRBA) Cabinet. As bad a Republican as Charlie Baker can be, if Warren departs for greener energy pastures and meetings in the West Wing, Baker will fill her Senate seat with a Republican if in name only – and Dems lose the Chamber.
Wealth Tax
Wealth Tax History in Europe Is Instructive
Progressives love to point to Europe as an example for their policies. So let’s look there. In Europe, we find that the wealth tax as a policy has a fundamental flaw. Thirty years ago, 12 European countries had some form of wealth tax. Now, only three remain. Why is that?
Wealth Tax Is Dangerous and Will Not Increase Revenue
Wealth tax is dangerous to the economic present and future of states which implement it. States know their revenue streams have taken a hit. In New Hampshire, the shortfall will be half to three-quarters of a billion dollars. The upcoming legislative session will be a test.
California – not just a “wealth tax” but a “pursuit for 10 years” tax even if you move out.
We’ve written about different entities (nations, States) trying to go “beyond” the normal types of taxes (re: income, property, dividends, capital gains, et al) for years. We’ve even mentioned the rather stupid ideas of instituting wealth taxes (not just what you’ve earned but your aggregate net worth collected over time).
Have Democrats Lost Bill Gates? Might Vote for Donald Trump in 2020?
Billionaire Bill Gates has long been a supporter of philanthropy. He also has been a long-time Democrat supporter. But today he is panning Lying Lizzie’s wealth tax ideas. He has gone so far as to not rule out voting for President Trump in 2020.
Bernie is All-In on National Rent Control and More Federal Housing (Comrade!)
Bernie has gone all in on the idea of national rent control and more federal housing. The next question is whether the rest of the socialist lemmings will follow him over the cliff? Bernie Sanders is again promising more free crap from the federal well.