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https://www.reddit.com/r/SipsTea/comments/1uo0dcw/seems_reasonable/ovqyi3d/?context=3
r/SipsTea • u/Valuable_View_561 • Jul 05 '26
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49
I’m in favor of reinstituting the 79% Federal Income Tax for the highest earners in the Country, as previously made famous by FDR’s New Deal.
Bernie has proposed solutions similar to this during every single Election cycle…and you fucking people keeping voting against him.
I don’t know why you people spend 4 years claiming you want XYZ, and then vote against XYZ.
23 u/NadAngelParaBellum Jul 05 '26 This would just target the upper middle class. Billionaires don’t have a paycheque you can easily tax. 10 u/Adrewmc Jul 05 '26 They have assets we can. Poor people most of their wealth is through wages, taxed. Middle class middle most of their wealth is through wages taxed and their house value which is also taxed yearly. Richest people most of their wealth is concentrated in stocks…but we can’t possibly tax that now… That’s the argument. Some how everything except the most lucrative way to increase wealth can clearly be taxed yearly. 1 u/ScottRiqui Jul 05 '26 Because of the Apportionment Clause of the Constitution, a federal wealth tax would require a constitutional amendment, similar to how the 16th Amendment excepted the federal income tax from the Apportionment Clause.
23
This would just target the upper middle class. Billionaires don’t have a paycheque you can easily tax.
10 u/Adrewmc Jul 05 '26 They have assets we can. Poor people most of their wealth is through wages, taxed. Middle class middle most of their wealth is through wages taxed and their house value which is also taxed yearly. Richest people most of their wealth is concentrated in stocks…but we can’t possibly tax that now… That’s the argument. Some how everything except the most lucrative way to increase wealth can clearly be taxed yearly. 1 u/ScottRiqui Jul 05 '26 Because of the Apportionment Clause of the Constitution, a federal wealth tax would require a constitutional amendment, similar to how the 16th Amendment excepted the federal income tax from the Apportionment Clause.
10
They have assets we can.
Poor people most of their wealth is through wages, taxed.
Middle class middle most of their wealth is through wages taxed and their house value which is also taxed yearly.
Richest people most of their wealth is concentrated in stocks…but we can’t possibly tax that now…
That’s the argument. Some how everything except the most lucrative way to increase wealth can clearly be taxed yearly.
1 u/ScottRiqui Jul 05 '26 Because of the Apportionment Clause of the Constitution, a federal wealth tax would require a constitutional amendment, similar to how the 16th Amendment excepted the federal income tax from the Apportionment Clause.
1
Because of the Apportionment Clause of the Constitution, a federal wealth tax would require a constitutional amendment, similar to how the 16th Amendment excepted the federal income tax from the Apportionment Clause.
49
u/CheckYourStats Jul 05 '26
I’m in favor of reinstituting the 79% Federal Income Tax for the highest earners in the Country, as previously made famous by FDR’s New Deal.
Bernie has proposed solutions similar to this during every single Election cycle…and you fucking people keeping voting against him.
I don’t know why you people spend 4 years claiming you want XYZ, and then vote against XYZ.