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California is making the same mistake that has already been tried in a few European countries. It always fails, the wealthy move, tax revenue declines. “California is now entertaining this wealth tax. Sweden finally learned their lesson when Sweden imposed wealth tax.” “So not a tax on your income,... show more

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Sweden has undergone a remarkable fiscal transformation. It has no stamp duty, abolished its wealth tax, and scrapped inheritance tax after recognising the damage they cause. We can learn from them. 👇 The lesson for the left? Sweden is less socialist than they think!

Sweden has undergone a remarkable fiscal transformation. It has no stamp duty, abolished its wealth tax, and scrapped inheritance tax after recognising the damage they cause. We can learn from them. 👇 The lesson for the left? Sweden is less socialist than they think!

Andrew Griffith MP

121,511 Aufrufe • vor 23 Tagen

The Democrats’ billionaire tax is already a complete disaster—just the THREAT of it has driven billions in wealth and tax revenue out of California. We need to cut spending and cut taxes, not double down on failure.

The Democrats’ billionaire tax is already a complete disaster—just the THREAT of it has driven billions in wealth and tax revenue out of California. We need to cut spending and cut taxes, not double down on failure.

Steve Hilton

18,293 Aufrufe • vor 1 Monat

It's time for a wealth tax on the super rich and a tax on excess profits. Those that say a wealth tax is too difficult are mistaken. We seem to be able to get workers to pay tax in a matter of weeks, the system is rigged and the country knows it. #WealthTax NOW! #Budget

It's time for a wealth tax on the super rich and a tax on excess profits. Those that say a wealth tax is too difficult are mistaken. We seem to be able to get workers to pay tax in a matter of weeks, the system is rigged and the country knows it. #WealthTax NOW! #Budget

Sharon Graham

222,129 Aufrufe • vor 1 Jahr

This morning #BBCSML is asking "is it time for a wealth tax?", and they point out 78% of the public support it. The public is right. Tax the rich.

This morning #BBCSML is asking "is it time for a wealth tax?", and they point out 78% of the public support it. The public is right. Tax the rich.

Saul Staniforth

77,732 Aufrufe • vor 1 Jahr

ALERT: Odds that the billionaire one-time wealth tax passes in California dip to 28%, according to Polymarket.⁠com. Several billionaires have already left the Golden State and taken over $25 billion in tax revenue, which is roughly 25% of the bill's projected $100 billion gain.

ALERT: Odds that the billionaire one-time wealth tax passes in California dip to 28%, according to Polymarket.⁠com. Several billionaires have already left the Golden State and taken over $25 billion in tax revenue, which is roughly 25% of the bill's projected $100 billion gain.

E X X ➠A L E R T S

23,721 Aufrufe • vor 1 Tag

Tim Stanley says the more we tax the rich, more of them will move overseas Ok, goodbye And if the Chancellor has an iota of common sense, she would apply an exit tax for those escaping wealth taxes, and a return tax, for anyone choosing to return because they left because of a wealth tax Paul Nowak says he worries more about doctors leaving overseas for better paying jobs

Tim Stanley says the more we tax the rich, more of them will move overseas Ok, goodbye And if the Chancellor has an iota of common sense, she would apply an exit tax for those escaping wealth taxes, and a return tax, for anyone choosing to return because they left because of a wealth tax Paul Nowak says he worries more about doctors leaving overseas for better paying jobs

Farrukh

55,518 Aufrufe • vor 10 Monaten

Trump’s AI and crypto czar David Sacks says the proposal in California to implement a one-time 5% tax on billionaire wealth is "scary." On CNBC the billionaire said: “This is this is not a tax, this is an asset seizure."

Trump’s AI and crypto czar David Sacks says the proposal in California to implement a one-time 5% tax on billionaire wealth is "scary." On CNBC the billionaire said: “This is this is not a tax, this is an asset seizure."

More Perfect Union

359,989 Aufrufe • vor 8 Monaten

Gary Stevenson says the UK had a wealth tax in the 60s and 70s. We didn’t - although we did have 90% income tax rates. The result was that the wealthy left the UK, the economy stagnated and the IMF bailed us out.

Gary Stevenson says the UK had a wealth tax in the 60s and 70s. We didn’t - although we did have 90% income tax rates. The result was that the wealthy left the UK, the economy stagnated and the IMF bailed us out.

Alan Smith

702,416 Aufrufe • vor 1 Jahr

The Green Party is calling for a 1% tax on wealth over £10 million and a 2% tax on wealth over £1 billion. They say it would raise £14.8 billion a year. So, should we tax the rich? Zack Polanski and former Conservative Minister Sir John Redwood debate.

The Green Party is calling for a 1% tax on wealth over £10 million and a 2% tax on wealth over £1 billion. They say it would raise £14.8 billion a year. So, should we tax the rich? Zack Polanski and former Conservative Minister Sir John Redwood debate.

Good Morning Britain

64,968 Aufrufe • vor 9 Monaten

“We already have taxes on wealthy people; I don’t think we need a standalone wealth tax.” Speaking to Lizzy Burden ahead of her speech at Labour's annual conference, Chancellor of the Exchequer Rachel Reeves ruled out a UK wealth tax, citing capital gains tax and inheritance tax.

“We already have taxes on wealthy people; I don’t think we need a standalone wealth tax.” Speaking to Lizzy Burden ahead of her speech at Labour's annual conference, Chancellor of the Exchequer Rachel Reeves ruled out a UK wealth tax, citing capital gains tax and inheritance tax.

Bloomberg

28,986 Aufrufe • vor 11 Monaten

Julia Davies, "It might sound like wealthy people pay more in tax, that's because they disproportionately have more of the wealth of the UK" Patriotic Millionaires UK "I'm speaking here as a wealthy person, so I would have to pay the proposed 2% wealth tax that we're talking about" "No matter what the lobby groups who don't want to tax wealth will tell us, it is not going to be a problem for wealthy people to pay that" "Who it is a problem for the moment is working people and small-medium sized businesses" "So while we are delaying implementing more measures to fairly tax wealth, we are increasing the strain on working people and small to medium sized businesses" "We have increased national insurance on working people.. We should have applied national insurance to income on wealth. That would have brought in a lot of money and it wouldn't have put our small businesses under strain" "I represent a group called Patriotic Millionaires, we absolutely don't think wealth is a dirty word, suggesting that asking for fair taxation of wealth is saying wealth is something dirty is nonsensical" "Asking for fair taxation of wealth is not punishing anyone. Asking working people to pay more national insurance and income tax, that is punishing people"

Julia Davies, "It might sound like wealthy people pay more in tax, that's because they disproportionately have more of the wealth of the UK" Patriotic Millionaires UK "I'm speaking here as a wealthy person, so I would have to pay the proposed 2% wealth tax that we're talking about" "No matter what the lobby groups who don't want to tax wealth will tell us, it is not going to be a problem for wealthy people to pay that" "Who it is a problem for the moment is working people and small-medium sized businesses" "So while we are delaying implementing more measures to fairly tax wealth, we are increasing the strain on working people and small to medium sized businesses" "We have increased national insurance on working people.. We should have applied national insurance to income on wealth. That would have brought in a lot of money and it wouldn't have put our small businesses under strain" "I represent a group called Patriotic Millionaires, we absolutely don't think wealth is a dirty word, suggesting that asking for fair taxation of wealth is saying wealth is something dirty is nonsensical" "Asking for fair taxation of wealth is not punishing anyone. Asking working people to pay more national insurance and income tax, that is punishing people"

Farrukh

28,211 Aufrufe • vor 1 Jahr

Palantir CEO Alex Karp says the wealth tax just punishes rich people and does nothing to help poor people: "Republicans think the free market will solve everything, and the left thinks it won't solve anything." "The truth is the middle position where you need smart and accurate and exact regulation on these issues, just like a tax policy." "I'm not in favor of having no tax. In fact, I'm in favor of rich people paying potentially more." "But you can't do it in a way that just punishes rich people and doesn't help poor people like the wealth tax." Via Liz Claman FOX Business

Palantir CEO Alex Karp says the wealth tax just punishes rich people and does nothing to help poor people: "Republicans think the free market will solve everything, and the left thinks it won't solve anything." "The truth is the middle position where you need smart and accurate and exact regulation on these issues, just like a tax policy." "I'm not in favor of having no tax. In fact, I'm in favor of rich people paying potentially more." "But you can't do it in a way that just punishes rich people and doesn't help poor people like the wealth tax." Via Liz Claman FOX Business

Jawwwn

30,999 Aufrufe • vor 1 Monat

Abdul El-Sayed Dr. Abdul El-Sayed announced he fully supports the wealth tax: “I think we need to tax billionaires their wealth.” We have long warned that if the left gains power, their first move will be to pack the United States Supreme Court with DEI Justices so they can ram through unconstitutional measures like a wealth tax. In the left’s version of a wealth tax, Trump and his supporters would get taxed while leftist billionaires like J.B. Pritzker JB Pritzker and Alex Soros alex soros walk away tax-free. The elected Democrats want an American future straight out of Atlas Shrugged. People must wake up to this.

Abdul El-Sayed Dr. Abdul El-Sayed announced he fully supports the wealth tax: “I think we need to tax billionaires their wealth.” We have long warned that if the left gains power, their first move will be to pack the United States Supreme Court with DEI Justices so they can ram through unconstitutional measures like a wealth tax. In the left’s version of a wealth tax, Trump and his supporters would get taxed while leftist billionaires like J.B. Pritzker JB Pritzker and Alex Soros alex soros walk away tax-free. The elected Democrats want an American future straight out of Atlas Shrugged. People must wake up to this.

Loomer Unleashed

374,440 Aufrufe • vor 4 Monaten

This Billionaire Tax has already cost California a great deal—just the threat of it has caused TRILLIONS of dollars in wealth to leave the state already. We can’t afford more tax revenue, business, and jobs leaving the state when we already have the highest poverty rate and highest unemployment rate in the country.

This Billionaire Tax has already cost California a great deal—just the threat of it has caused TRILLIONS of dollars in wealth to leave the state already. We can’t afford more tax revenue, business, and jobs leaving the state when we already have the highest poverty rate and highest unemployment rate in the country.

Steve Hilton

54,978 Aufrufe • vor 2 Monaten

Major parts of Wells Fargo bank are exiting California and moving to Florida. Their wealth management division is leaving California because huge numbers of wealthy people are leaving, due to a wealth tax that is coming. 🔊

Major parts of Wells Fargo bank are exiting California and moving to Florida. Their wealth management division is leaving California because huge numbers of wealthy people are leaving, due to a wealth tax that is coming. 🔊

Wall Street Mav

204,400 Aufrufe • vor 7 Monaten

a16z's benahorowitz.eth says the California wealth tax is the "best strategy" to dismantle Silicon Valley that he's ever seen. "It's been so hard to break the Silicon Valley network effect, but this is the best strategy I've seen." "Norway has an unrealized capital gains tax. Norway's got a lot of extremely smart people, great entrepreneurs, but they all left." "When you talk to entrepreneurs in Norway, they're like, 'I literally can't pay the tax because the company got marked up, and I own a lot of it, and I can't get that money out.'" "'It's a private company. I'm stuck. So, I have to leave the country.'" "There are basically no tech entrepreneurs in Norway now."

a16z's benahorowitz.eth says the California wealth tax is the "best strategy" to dismantle Silicon Valley that he's ever seen. "It's been so hard to break the Silicon Valley network effect, but this is the best strategy I've seen." "Norway has an unrealized capital gains tax. Norway's got a lot of extremely smart people, great entrepreneurs, but they all left." "When you talk to entrepreneurs in Norway, they're like, 'I literally can't pay the tax because the company got marked up, and I own a lot of it, and I can't get that money out.'" "'It's a private company. I'm stuck. So, I have to leave the country.'" "There are basically no tech entrepreneurs in Norway now."

TBPN

653,655 Aufrufe • vor 8 Monaten