TimmyClutch
Well-known member
I don't think epiphany means what Joe Biden think it do.
I think the history of case law is on the unconstitutional side.
And aside from that, it's a terrible idea. Other countries have tried it. It has proven to be a costly and inefficient way to raise taxes. It was be great for the cottage professional appraisal industry. The IRS will have to hire a bunch of experts to fight the multitude of highly judgmental cases that will surely go to litigation.
I've read most of the opinions in favor of the constitutionality. They basically say yeah there's precedence but it was biased. This goes against a multitude of specific indications and decisions where the courts have ruled that wealth taxes are direct taxes if they aren't transaction-based.Again, actual legal scholars disagree, but we won't find out anyway. The country will continue to go to shit.
I've read most of the opinions in favor of the constitutionality. They basically say yeah there's precedence but it was biased. This goes against a multitude of specific indications and decisions where the courts have ruled that wealth taxes are direct taxes if they aren't transaction-based.
The entire basis as to why the estate tax was constitutional was that it wasn't a direct wealth tax but a transaction tax instead. It is true that what is constitutional is whatever the Supreme Court decides but if you want to honestly look at the precedence in this matter I think it's pretty clearThe court has never directly addressed the specific issue. The precednt that leads to the notion that this may be unconstitutional stem from one case in the1800s that scholars think was wrongly decided. I haven't looked at this lately but I can dig it up. There should be no limit on Congress's power to tax.
Populist demagoguery I agreeIt’s interesting how you guys are arguing about this as if the tax will ever see the light of day. This will never get passed in a Warren presidency, it’s a political tactic to get the attention of the middle and lower classes that are pissed at the rich during the campaign.
The entire basis as to why the estate tax was constitutional was that it wasn't a direct wealth tax but a transaction tax instead. It is true that what is constitutional is whatever the Supreme Court decides but if you want to honestly look at the precedence in this matter I think it's pretty clear
Hope the DNC is watching the NBA Draft Lottery. They definitely should schedule a prime time event to select who participated in which debate. It should not be top 10 and next 10 in the polls. Or some configuration to get specific matchups.
It’s interesting how you guys are arguing about this as if the tax will ever see the light of day. This will never get passed in a Warren presidency, it’s a political tactic to get the attention of the middle and lower classes that are pissed at the rich during the campaign.
I liked Warren a lot and she continues to grow on me. She’s a quality candidate overall. That she irritates voters like Brad is just an additional perk.
LOL - Liz Warren is much more entertaining than irritating, counselor
AI think we've both already said it won't see the light of day. Not the point.
And their argument is basically to ignore precedence as "flawed conventional wisdom"
Thank youuuuuu !
You didn't read that in 5 minutes. The argument is actually that the 1895 Pollock case has been undermined by a string of subsequent Supreme Court decisions that use a more narrow definition of Direct Tax (and the court used a more narrow definion before Pollock), including a 1983 case that said Congress' power to tax is virtually without limitation.