We all know about compounding returns. Warren’s 64% wealth tax spread over 50 years would wipe out highly performing assets and use them to fund a bureaucracy with zero social or financial returns.
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Don’t call Warren’s tax a 2% tax. Over 10 years it would wipe out 18% of wealth over $50M and over 50 years it would wipe out 64%. Over a billion dollars it would wipe out 27% over 10 years and 82% (!) over 50. And that’s not taking into account the returns on these assets.
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Due to compound interest, the progressively lower amounts able to be invested year after year due to Warren’s tax would have a much greater effect than 2% a year.
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It’s cute that people think these assets aren’t put to use. They’re used to fund the entire startup economy, the #1 net job creator. The massive concentration of wealth is also being used to wipe out malaria, fund clean energy, and reach new frontiers in space.
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I flat out trust Jeff Bezos to make these decisions more. I just do. And if you didn’t like the 2016 election results, you do too.
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Psst... The Warren tax looks blatantly unconstitutional. It’s not the Wall Street Journal or AEI saying this. It’s... Mother Jones. https://www.motherjones.com/kevin-drum/2019/01/is-elizabeth-warrens-wealth-tax-constitutional/ …pic.twitter.com/j0HF1FQiAF
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Fin de la conversation
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Patrick this is what you get when you overreach. Republicans were greedy and anybody could’ve predicted a backlash. They have no one but themselves to blame.
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Ce Tweet est indisponible.
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Sounds great! I feel much about about Warren's proposal now.
Merci. Twitter en tiendra compte pour améliorer votre fil. SupprimerSupprimer
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Merci. Twitter en tiendra compte pour améliorer votre fil. SupprimerSupprimer
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Sounds like a start!
Merci. Twitter en tiendra compte pour améliorer votre fil. SupprimerSupprimer
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Le chargement semble prendre du temps.
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