'Let's Go!' Top Economist Applauds as Harris Signals Support for Billionaires Tax - eviltoast
'Let's Go!' Top Economist Applauds as Harris Signals Support for Billionaires Tax | Common Dreams
www.commondreams.org
An economist at the forefront of the growing global push for a billionaire wealth tax is welcoming news that U.S. Democratic presidential nominee Kamala Harris is embracing calls for a minimum levy on the United States' richest individuals.
  • breetai@lemmy.world
    3·
    3 months ago

    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.

      • breetai@lemmy.world
        1·
        3 months 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