If wealth tax proves too hard to implement, there are alternatives.https://twitter.com/kevinmilligan/status/1141764009999265792 …
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Replying to @Noahpinion
Yes. And again....the details behind this (and most of Warren's plans) are mostly bad. She gets points for running on ideas. But many still are REALLY bad ideas.
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Replying to @Noahpinion
An unadminstratable 2% wealth tax, manipulating the dollar, and a 5% *revenue* tax on a single violation of her new less-big-tech world are all horrible. I'm with her on housing. Some stuff on tech. But she needs some better ideas before she has my vote.
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Replying to @ScottyP16
Wealth tax is good, we already have it for property and it works pretty well! As for the dollar, what she actually suggests is getting other countries to do less currency intervention. The revenue tax thing for tech regulation is just a fine, not a tax.
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Does the property tax really work well? Aren’t there people with multi-million homes on CA paying less property tax than other people with modestly priced middle class homes. Big concern with wealth tax is that it hits people building wealth harder than those already there
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