Wealth Tax Has Broad Public Support

[babylonsister]

https://politicalwire.com/2020/01/11/wealth-tax-has-broad-public-support/

Wealth Tax Has Broad Public Support
January 11, 2020 at 7:53 am EST By Taegan Goddard

A new Reuters/Ipsos poll finds 64% of Americans strongly or somewhat agreed that “the very rich should contribute an extra share of their total wealth each year to support public programs” – the essence of a wealth tax.

Results were similar across gender, race and household income. While support among Democrats was stronger, at 77%, a majority of Republicans, 53%, also agreed with the idea.

[scarytomcat]

1. let's set the top bracket over one billion dollars at 100%

Why do we need billionaires? Let others have a chance.

[Eliot Rosewater]

2. Common sense, the problem is getting a well LIKED person in the WH to sell it.

Someone KNOWN to get along with others, not a loner.

Someone with a TRACK record in this exact area...

[UniteFightBack]

6. +1000

[guillaumeb]

3. And this also argues that lowering the tax rates for the bottom 25% and raising them for the top 10%

would have broad appeal as well.

The top 10%, and especially the top 1%, are so wealthy that they could easily pay much more than they do. And that increased tax rate should apply to unearned as well as earned income.

[drmeow]

4. I support it

Only because it's easier to describe and for people to understand and more likely to pass than eliminating the special capital gains tax rate (which I've benefitted from but is criminal), taxing ALL income using a progressive tax structure, eliminating the Social Security and Medicare cap and instead not starting those deductions until an earner is a certain amount above the poverty level (while still counting those earnings), and getting corporations to once again pay a larger part of the tax revenue which is what I REALLY support.

[crickets]

5. K&R for visibility

[Mariana]

7. I'm very much in favor of it, but is it Constitutional?

We needed an Amendment to tax income.