(11-19-2019, 09:43 AM)homebiscuit Wrote:

(11-19-2019, 09:36 AM)The Real Marty Wrote: Back to the subject of Elizabeth Warren's tax plan for Medicare for all, I think she is ignoring one huge factor in determining how much money she would raise, and that is, her election would cause all asset classes to crash, because of the threat of the wealth tax and people having to sell assets to pay it.  (People would anticipate such a forced selloff, and try to be "first out the door," thus initiating the crash.)   The decline in asset values would mean there would be a LOT less wealth to tax, so she would not raise anywhere near as much money as what she is saying she would.   In addition, the forced asset selloff would cause a business contraction, which would throw a lot of people out of work, which would further the reduction in taxes she would be able to raise.  

In other words, she's an idiot.

She’s catering to her base who want nothing more than to see the wealthy suffer. Warren wouldn’t mind either, as long as it doesn’t include her wealthy husband and fellow limousine liberals.