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re: Pretty disheartening poll: wide majority of even most republicans support wealth taxes

Posted on 11/29/19 at 6:48 pm to
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69370 posts
Posted on 11/29/19 at 6:48 pm to
It’s popular because of course people would love to get some stuff owned by others

But wealth taxes have an absolutely horrid track record

Of 15 European nations that tried them, 12 eventually repealed them because they raised zero revenue and ended up harming the economy.
Posted by upgrayedd
Lifting at Tobin's house
Member since Mar 2013
134887 posts
Posted on 11/29/19 at 8:01 pm to
quote:

It’s popular because of course people would love to get some stuff owned by others

But wealth taxes have an absolutely horrid track record

Of 15 European nations that tried them, 12 eventually repealed them because they raised zero revenue and ended up harming the economy.

Don't bring common sense and fact into this. They hate that shite.
Posted by Zach
Gizmonic Institute
Member since May 2005
112611 posts
Posted on 11/30/19 at 9:21 am to
quote:

It’s popular because of course people would love to get some stuff owned by others


I used to think that. But after a lot of IRL conversations with co-workers who were left wing Dems I am convinced that they harbor no illusions that rich people's money will be transferred to them.
They simply want the rich to be soaked because it would make them feel good.

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