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Thread: richest 1% got 82% of the wealth

  1. #51
    Senior Member iris lilies's Avatar
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    Quote Originally Posted by Rogar View Post
    Exactly.

    Although a switch to a flat tax without this exemption would probably crash the real estate market.

    Then there's the exemptions for dependents.
    yes, likely the real estate industry as well as other disciplines would lobby against flat tax. But I have been waiting for the complaints from the real estate industry about Trump’s simplification of deductions, the jump from $6,000 to $12,000 per person and none have reached my ears. There are a lot of mortgages in the Midwest less than $1,000 monthly.

  2. #52
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    Quote Originally Posted by iris lilies View Post
    yes, likely the real estate industry as well as other disciplines would lobby against flat tax. But I have been waiting for the complaints from the real estate industry about Trump’s simplification of deductions, the jump from $6,000 to $12,000 per person and none have reached my ears. There are a lot of mortgages in the Midwest less than $1,000 monthly.
    I would also have thought we’d be hearing more complaints about the limit on state and local tax deductibility, especially from the bluer, taxier states. It may be early days yet.

  3. #53
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    I see that in the scuffle to get to the left of her primary opponents, Sen Warren is proposing a tax on net worth for the unacceptably wealthy.

  4. #54
    Simpleton Alan's Avatar
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    Quote Originally Posted by LDAHL View Post
    I see that in the scuffle to get to the left of her primary opponents, Sen Warren is proposing a tax on net worth for the unacceptably wealthy.
    She's probably just trying to protect folks from our 2nd most prominent elected democratic Socialist who has recently mused on the immorality of allowing billionaire's to exist.
    "Things should be made as simple as possible, but not one bit simpler." ~ Albert Einstein

  5. #55
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    Quote Originally Posted by Alan View Post
    She's probably just trying to protect folks from our 2nd most prominent elected democratic Socialist who has recently mused on the immorality of allowing billionaire's to exist.
    just the tippy-top ones.

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