WND Exclusive – The Warren Wealth Tax is Nothing New

Print Friendly, PDF & Email

from Brent Smith for World Net Daily:

Those who back the notion that Elizabeth Warren’s wealth tax is a great idea have given it little to no thought.

The Warren wealth tax is tailor-made to cater to the angry “income inequality” crowd on the left, because when people think of a wealth tax they think of a tax only on the wealthy – a “soak the rich” tax.

Warren’s wealth tax can also be thought of as a veiled property tax.

When most think of property tax, they think only of their house and land they own. Yet property is quite literally everything you own – your house, car, jewelry, precious metals, investments, money in the bank, retirement – pretty much all your belongings, both tangible and intangible. And all that property will be subject to a punitive tax.

But fear not, the leftists say, for the wealth tax will only affect those worth more than $50 million, and even then the tax will only be 2% of net worth. Heck, they won’t even miss it – right?

However, as Bobby Jindal recently said on Fox Business – we should all fear what will come if such a wealth tax ever found its way into law. Jindal said that the federal government’s appetite for spending is so great, “they can’t just tax the millionaires and billionaires – they’re going to tax everyday working people.”

But is this “soak the rich” tax idea something new?

Read more


About the Common Constitutionalist

Brent, aka The Common Constitutionalist, is a Constitutional Conservative, and advocates for first principles, founders original intent and enemy of progressives. He is former Navy, Martial Arts expert. As well as publisher of the Common Constitutionalist blog, he also is a contributing writer for Political Outcast, Godfather Politics, Minute Men News (Liberty Alliance), Freedom Outpost, the Daily Caller, Vision To America and Free Republic. He also writes an exclusive weekly column for World Net Daily (WND).