*Sigh* No, I am not endorsing Elizabeth Warren in the Democratic primaries. I have too many other people I want to hear from, like Kirsten Gillibrand, Julian Castro, and Sherrod Brown. But I can still listen to the early birds, and chime in when I notice something. Elizabeth Warren, and her fellow quick starter, Kamala Harris, learned something from Trump. When you come out early with something, you can control the news cycle. Warren quickly came out with her proposed “wealth tax,” and along with Harris’s eliminate private insurance company healthcare, is dominating cycle after cycle. And as a result can feast on the blowback. And mmm-dogies is there blowback! I’m not so much talking about the silk boxer twins, Bloomberg and Schultz, having a collective aneurysm about Warren actually daring to come after all of their shiny trinkets and toys. She is igniting right wing exploding heads in a way we haven’t seen since AOC’s last tweet. The basics are simple. If you reside in the hallowed halls of the top 0.01%, making more than $50 million a year, then fuggedaboud that piddly “income tax” shit. No, for you guys and gals, if you own it, and it’s not green paper, it’s fair game.Republican politicians, totally owned and indebted to the same 0.01^, are laying on their fainting couches, wrist over a fevered brow, and lowing like a herd of Wisconsin Herefords. They darkly foretell the death of American capitalism, and moan that no western democracy has sunk to the dishonor of a “wealth tax.” OK, I’ll take their word for it. As lifeless as I may be, I have not yet degenerated to the level where I spend all day Googling the tax structures of Belgium and Lichtenstein. But lucky for my lazy ass, I don’t have to go trolling around on the other side of the pond to look for wealth taxes. I can stay at my table and look right here. What do you think that the inheritance tax is? It doesn’t just look at cash on hand, it assigns a valuation to every physical asset of an estate, and taxes it. Most people never think about the estate tax, since it only applies to estates of a size that are far beyond the realistic bounds of shit kickers like you and me. But every American homeowner already pays a wealth tax, just not to the US government. Waddaya think your real estate taxes are? Your home isn’t disposable income, yet the state assigns a value to it, and slaps a tax on it. Warren’s “wealth tax” is nothing more than your already existing real estate taxes writ large. The real reason that the Republicans and their rich shitpoke donors are having coronary kittens over Warren’s new plan is that it isn’t an income tax. If it were income based, the caviar snorters wouldn’t even rouse from their Godiva comas. Income taxes are no-brainers. When the new tax is passed, it’s either written in such a way that it takes advantage of already written loopholes, or new loopholes are created to take the sting out of it. One thing you can say about the US tax code for rich shitpokes, it has more holes than a Swiss cheese factory. The thing that is giving Republicans and their Daddy Warbucks backers night […]
Sometimes people in Washington get it plain wrong!
If conservatives support police killing citizens without justification, climate denial, fact denial, science denial, racist and misogynistic behavior, or a litany of other absurd points of view about numerous important issues, we call them out.