▲ 739 ▼ 'Let's Go!' Top Economist Applauds as Harris Signals Support for Billionaires Tax (www.commondreams.org) submitted 2 years ago by jeffw@lemmy.world [M] to c/news@lemmy.world 99 comments fedilink hide all child comments
[–] breetai@lemmy.world 3 points 2 years ago (1 child) 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. permalink fedilink source parent hideshow 2 child comments replies: [–] ECB@feddit.org 1 point 2 years ago (1 child) Whether they are constitutional seems to be a fairly open source of debate currently. permalink fedilink source parent hideshow 2 child comments replies: [–] breetai@lemmy.world 1 point 2 years ago 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 permalink fedilink source parent
[–] ECB@feddit.org 1 point 2 years ago (1 child) Whether they are constitutional seems to be a fairly open source of debate currently. permalink fedilink source parent hideshow 2 child comments replies: [–] breetai@lemmy.world 1 point 2 years ago 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 permalink fedilink source parent
[–] breetai@lemmy.world 1 point 2 years ago 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 permalink fedilink source parent