jeffw@lemmy.worldM to News@lemmy.world · 1 month ago'Let's Go!' Top Economist Applauds as Harris Signals Support for Billionaires Taxwww.commondreams.orgexternal-linkmessage-square103fedilinkarrow-up1755arrow-down116
arrow-up1739arrow-down1external-link'Let's Go!' Top Economist Applauds as Harris Signals Support for Billionaires Taxwww.commondreams.orgjeffw@lemmy.worldM to News@lemmy.world · 1 month agomessage-square103fedilink
minus-squarebreetai@lemmy.worldlinkfedilinkarrow-up3·1 month agoWealth taxes are unconstitutional in the United States. It would require an amendment to change that. Capital gains should just be taxed an ordinary income. That would solve a lot of issues such as Medicare, social security, etc.
minus-squareECB@feddit.orglinkfedilinkarrow-up1·1 month agoWhether they are constitutional seems to be a fairly open source of debate currently.
minus-squarebreetai@lemmy.worldlinkfedilinkarrow-up1·1 month agoNot sure who those people are but they don’t seem well versed on the topic. If you haven’t read the most recent SCOTUS ruling. It foreshadows their views on the topic. SCOTUS determines want is constitutional. There hs enough case law from scotus to point to wealth taxes as being unconstitutional
Wealth taxes are unconstitutional in the United States. It would require an amendment to change that.
Capital gains should just be taxed an ordinary income. That would solve a lot of issues such as Medicare, social security, etc.
Whether they are constitutional seems to be a fairly open source of debate currently.
Not sure who those people are but they don’t seem well versed on the topic.
If you haven’t read the most recent SCOTUS ruling. It foreshadows their views on the topic. SCOTUS determines want is constitutional.
There hs enough case law from scotus to point to wealth taxes as being unconstitutional