Progressive pollster finds majority support for Elizabeth Warren’s wealth tax

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    • #18205
      Charles
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      • Total Posts: 1,660

       

      ~Snip~

      Sixty-one percent of respondents said they supported the proposal, with 46 percent “strongly” supporting it. Twenty-one percent opposed the idea, with 15 percent doing so “strongly.” The rest were unsure or neutral.

      Notably, a plurality of Republicans supported Warren’s wealth tax by a 44-37 margin. Independents supported it by a 61-23 margin while Democrats went for it 76-6.

      “We polled Warren’s exact proposal and it’s overwhelmingly popular, even among Republicans,” Data For Progress founder Sean McElwee said in an e-mail. “It’s time for centrists to embrace bipartisan solutions that can unite all Americans, and expropriating the wealth of billionaires is a great place to start.”…

      Read more:

      https://www.nbcnews.com/card/progressive-pollster-finds-majority-support-elizabeth-warren-s-wealth-tax-n964616

      Bernie: "Not Me. Us"

    • #18347
      Quinn
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      • Total Posts: 368

      <p style=”text-align: right;”>I’m in. (BTW, Not sure why my text isn’t getting center but on tax, )If understand part of this tax (maybe should of read link further) but not sure if I heard parts of it right other night and if or would property taxes come down something or help something. just asking, sorry gonna have to look harder later</p>

      • #18355
        Charles
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        • Total Posts: 1,660

        @quinn

        As this tax is written currently it would be on all wealth for a person over a value of $50 million dollars at a rate of 2%. Any total wealth over $1 billion dollars would be subject to an additional 1% tax rate for a total of 3%. This would include property, homes, businesses, investments like stocks and bonds, expensive art, planes, boats etc. Anything under $50 million dollars in total wealth of an individual wouldn’t be taxed by this plan.

        The plan at this point doesn’t specify what the funds would be used for but things like paying off the debt, affording debt free college, reducing health care costs etc are mentioned as possibilities.

        The Intercept did a great article with an overall explanation of the tax and some background if you’re looking for more information:

        https://theintercept.com/2019/01/24/elizabeth-warren-proposes-annual-wealth-tax-on-ultra-millionaires/

         

         

        Bernie: "Not Me. Us"

    • #18391
      Quinn
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      • Total Posts: 368

      Maybe effects the crowd that needs their fingers on both hands to count their summer homes, the horror. Just kidding around but ty for the link.

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