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Elizabeth Warrens tax plan for medicare for all

#1
(This post was last modified: 11-01-2019, 02:19 PM by HandsomeRob86.)

Absolutely insane: https://elizabethwarren.com/plans/paying...t-20191101

The whole thing is based on her desire to not increase taxes on anyone but 1%.

Some highlights:
35% tax on all foreign earnings, i.e. if you work in another country you have to pay their taxes plus 35% of your income back to US. Up from the current 5%.
A 6% 'wealth' tax, which is not clear if this is 1 time or multiple. Either way, no chance someone with billions or even millions sticks around to find out.
0.1% tax on every stock transaction (this one I don't think would matter except to high frequency traders, so I actually don't care that much, but they certainly would move). 
She wants to expand the IRS to crack down on tax avoidance. 

This is the perfect plan to run every wealthy person out of the US permanently and cause a recession. Completely ridiculous. Of course the middle class should pay some part of universal coverage if its going to exist, this idea of free healthcare via '1% only' taxation will not work and is highly unethical, not to mention stupid.

I know none of this will pass, but the fact that its even her platform is an economic nightmare. On the other hand Harvard does list her as a bankruptcy law expert, so I guess its not surprising she is so willing to cause it.


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Messages In This Thread
Elizabeth Warrens tax plan for medicare for all - by HandsomeRob86 - 11-01-2019, 02:17 PM
homebiscuit - by homebiscuit - 11-19-2019, 09:43 AM
RE: homebiscuit - by The Real Marty - 11-19-2019, 09:50 AM
RE: homebiscuit - by mikesez - 11-19-2019, 10:57 AM
RE: homebiscuit - by HandsomeRob86 - 11-19-2019, 06:17 PM
RE: homebiscuit - by jagibelieve - 11-19-2019, 07:09 PM
RE: homebiscuit - by mikesez - 11-19-2019, 07:37 PM
RE: homebiscuit - by flsprtsgod - 11-19-2019, 12:50 PM
RE: homebiscuit - by HURRICANE!!! - 11-20-2019, 11:25 AM
homebiscuit - by homebiscuit - 11-20-2019, 12:28 PM
RE: homebiscuit - by TrivialPursuit - 11-20-2019, 02:17 PM
RE: homebiscuit - by mikesez - 11-20-2019, 03:25 PM
RE: homebiscuit - by flsprtsgod - 11-20-2019, 05:44 PM
RE: homebiscuit - by mikesez - 11-20-2019, 06:05 PM



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