ASSCLAIMERS

We claim asses.

George Soros and other billionaires ask presidential candidates to tax them more

June 29, 2019

On Monday, nineteen billionaires, including George Soros, Abigail Disney, and Chris Hughes, released a letter asking 2020 presidential candidates to support adding a wealth tax on the richest Americans.

The letter, which was first reported by the New York Times, read, “We are writing to call on all candidates for President, whether they are Republicans or Democrats, to support a moderate wealth tax on the fortunes of the richest one-tenth of the richest 1% of Americans – on us. The next dollar of new tax revenue should come from the most financially fortunate, not from middle-income and lower-income Americans.”

“America has a moral, ethical, and economic responsibility to tax our wealth more. A wealth tax could help address the climate crisis, improve the economy, improve health outcomes, fairly create opportunity, and strengthen our democratic freedoms.”

“Several candidates for President, including Senator Elizabeth Warren, Mayor Pete Buttigieg, and Representative Beto O’Rourke, are already supportive of the idea,” the letter continued. “The first specific candidate proposal, introduced by Senator Warren, would provide millions of families with a better shot at the American dream by taxing only 75,000 of the wealthiest families in the country. The proposal is straightforward: It puts in place a tax of 2 cents on the dollar on assets after a $50 million exemption and an additional tax of 1 cent on the dollar on assets over $1 billion. If you have $49.9 million or less you are not paying the tax. It is estimated to generate nearly $3 trillion in tax revenue over ten years.”

One of the signers of the letter, 35-year-old Liesel Pritzker Simmons, whose family is more than $33 billion, said, “We are part of the problem, so tax us.”

Simmons said that the signers “thought it was important for people who would be affected by a wealth tax to come out publicly and say we want this, this is OK, this leads toward the America we want to see.”

Some Democrats have argued that the wealth tax would be difficult to implement due to the difficulty of objectively assessing the value of wealth in artwork, jewels, and illiquid assets. Some have argued that taxing wealth is unconstitutional, as the federal government is only allowed to tax income and is prohibited from taxing property.

In response to those arguments, Simmons said, “If your main argument is that it’s going to be hard, that’s a lazy argument.” She added, “We can figure it out.”

– MK. II

19 thoughts on “George Soros and other billionaires ask presidential candidates to tax them more

  1. I am the proprietor of JustCBD company (justcbdstore.com) and am seeking to broaden my wholesale side of business. I am hoping anybody at targetdomain is able to provide some guidance ! I thought that the most suitable way to do this would be to reach out to vape shops and cbd retail stores. I was really hoping if anybody could recommend a trustworthy web site where I can get CBD Shops B2B DATA I am presently examining creativebeartech.com, theeliquidboutique.co.uk and wowitloveithaveit.com. On the fence which one would be the best selection and would appreciate any advice on this. Or would it be much simpler for me to scrape my own leads? Ideas?

  2. I blog quite often and I really appreciate your content. This article has truly peaked my interest. I am going to bookmark your blog and keep checking for new details about once a week. I subscribed to your Feed too.

  3. Hello, I do believe your blog might be having web browser compatibility problems. Whenever I look at your website in Safari, it looks fine however, when opening in IE, it’s got some overlapping issues. I just wanted to give you a quick heads up! Besides that, fantastic site!

  4. Howdy! This blog post couldn’t be written much better! Reading through this post reminds me of my previous roommate! He always kept talking about this. I will forward this information to him. Pretty sure he’s going to have a very good read. Thanks for sharing!

  5. Howdy, I think your blog may be having internet browser compatibility problems. When I look at your blog in Safari, it looks fine but when opening in I.E., it’s got some overlapping issues. I simply wanted to give you a quick heads up! Other than that, wonderful blog!

  6. Hi there! This article could not be written any better! Going through this article reminds me of my previous roommate! He continually kept talking about this. I most certainly will send this post to him. Pretty sure he will have a good read. Thank you for sharing!

  7. An impressive share! I have just forwarded this onto a friend who had been doing a little research on this. And he in fact bought me lunch because I found it for him… lol. So let me reword this…. Thank YOU for the meal!! But yeah, thanks for spending some time to discuss this matter here on your site.

Leave a Reply

Your email address will not be published. Required fields are marked *