The original was only tax payers could vote, and taxes were based on land ownership. They thought it was dangerous to allow people who weren’t funding the government to vote. They realized the danger of mob rule and how the government could be used to confiscate money.
There’s honestly not much stopping democrats from saying billionaires shouldn’t exist and imposing a 100% tax rate on wealth over $1B. The risk is those people would leave before the tax gets implemented, so nothing would be collected. I think even democrats realize how catastrophic it would be to drive all those people out of America. It’d be killing the golden goose.
Income tax wasn’t permanent until 1913. It was a 1% tax on income over $3,000 and 6% on income over 20,000. Only 2% of people actually made enough to pay income tax. The irony that all these people cheer taxing the 1% more and assume it’ll never impact them is hilarious.
If and when the number of people who want to steal your money (even if under some legitimate name like tax or QE ) is greater than the number of people who want to let you keep your money with you (right to property), the rule of mob takes over. Democratic party of today is such a creation.
I don’t even get how a wealth tax would work from an administrative perspective. Imagine the volumes of rules it’d take to make rules on which assets are included and how to value them. We already know simpler tax codes have the highest compliance. We should be making it simpler. The fact Trump made it so over 85% can claim standard deduction means we should scrap the bulk of the tax does, since it only matters for a small percent of people. I’d completely scrap the corporate tax code and tax based on revenue. It’d 100% eliminate all the tax games. Both parties would be completely against it, since they wouldn’t be able to play favorites with the tax code.
I say the same about every liberal program. It’s always fascinating how they’ll vote for safe injection sites, homeless shelters, and every other liberal cause. Then when it comes time to build them they don’t want them in their own neighborhood. It’s about as fake as it gets. They want all that stuff as long as it inconveniences others or is paid for by others. That’s not noble and isn’t the moral high ground.
Tourists use services and pay sales taxes, gas taxes and airport taxes. Should they be counted as well? And if not than why would we count those who aren’t even here legally? Does any other country do this?
Inviting illegals in, as CA does, and then using them to inflate their number of congressional representatives and electoral votes is no different than breeding slaves to do the same - as southern states once did. But they only got to count them as 3/5 of a person.
The peak of US democratic party was 2008 when they were able to put Obama into power. The internationalist left is on decline since then. Whatever they have done since then is on the basis of deceit and cheating. For example, the Obamacare was passed in the middle of the night by tricking the legislative process to avoid re-voting in senate. Similarly they got Biden into Power by election fraud. If one has to resort to cheating and foul play, clearly they do not have facts and reason on their side. What this means is that Democrats are winning, not on the basis of their ability to persuade and motivate, but on their ability to mislead and misdirect. How long can they continue doing this? If one cannot convince enough people to get their support, one cannot not last long.
There was already $750B QE in motion before Obama could take charge. so Gold has to go up.
Do you think If Trump elected in 2008. He could reverse Euro and Gold rise?
Obama bought time for US by working with Europe and Europe not going full throttle with Russia and China.
Well, in Switzerland almost everyone gets married and who to vote for is a household decision. So, it took a long time before there was a serious push for giving women the vote.
I’m not sure if this is still the case but some Swiss Cantons voted on EVERY SINGLE immigrant who wanted to live there. Each one had to submit a resume and a picture and everyone voted on them. This was true at least into the 90’s.
Also, Swiss citizenship is by blood rather than a matter of whether you were born there. Multiple generations of illegal immigrants have been thrown out when discovered to be illegal. It didn’t matter how long they had been there or whether or not they were born there. The rule always was, if your father was Swiss than you were Swiss even if you were born in another country. That rule was extended to the maternal line about the same time women got the right to vote.
This is inspiring. “Managing consumer demand” = rationing power when renewable sources aren’t producing enough electricity. They even mention appliances could be controlled by utility companies. How on earth is this progress? Let’s just go backwards by 150 years to before we had reliable electricity.
Add environmental justice to the list of buzzwords.