Kamala's New WEALTH Tax

BROO YOU AINT GOT 100 MILLION WHY YOU CARE?~!?!~?~

[SyntheToonz]

If this is so brilliant how about they start by applying the tax to only the members of congress.

[ShadyDoorags]

"It doesn't negatively effect you, so why do you care?" - The party of empathy

[markzuckergecko]

I'm a firm believer in the "you first" policy, whenever a politician claims they're going to tax the rich.

[Chaosdragon]

"This is bad."
"You don't have 100 million so your opinion doesn't matter."
"And If I did?"
"Then you clearly just wanna keep your money so your opinion doesn't matter."

[reaver]

Seamus really captures what it's like to talk to a "vote blue" crew.

[Slayerformayor]

If kamala said the grass was green, I’d walk outside and check.

[JMObyx]

I have NEVER in my life seen a more accurate depiction of the Democrat Voter base. This put a smile on my face indeed. Thanks FreedomToons.

[j.a.greene]

"You don't have 100 million"
Yep... and no one else ever will.

[Zachary]

These egg heads, brooo. Don't they realize that tax will trickle down to us like the income tax for the super rich did? Brooo! 🥚

[darkdudironaji]

If you don't have $100m: "Bro, you don't even have $100m, what are you worried about? Why are you defending billionaires bootlicker?"
If you do have $100m: "You're literally hoarding wealth. Why would I care if they take some from you?"

There is no way to argue against them because they discount any argument based on who you are.

[rtyria]

These people probably think food comes from grocery stores. Like the shelves are magical and causes food to just appear when needed.

[TheDigitalslayer]

This skit feels so relatable when discussing such subjects to the ill-informed.

[johnx]

Her tax plan would also have disastrous impacts on the whole concept of the 401k/IRA retirement strategy. This would crush Americans immediately, and says nothing about the precedent it sets in that, once you have one threshold, there's nothing to stop the government from encroaching further.

[wesjones]

I had a conversation once with one of these lot. They kept making the claim that it doesn't matter if you don't have x amount. So I posed a hypothetical. Suppose I'm a working class, minimum wage earner, investing a meagre savings into penny stocks....and a few of those stocks skyrocket...Suddenly, I've got x million dollars worth of stocks...but I still make minimum wage. How am I to pay this tax of several million?

He proudly told me I'll have to liquidate my stocks and sell them, as if he walked me into some trap.

"Okay, " I asked, "so what happens when, like me, a majority of these working and middle class investors have to liquidate our stocks all at once in April to pay these taxes, and the stock market gets overburdened with people selling said stocks, and no one buying?" He was pretty quiet...to which I gave the answer:

"The price of the stocks will fall, won't it? And if the price of the stock falls, I'll be paying taxes on an amount I didn't even earn, meaning my tax rate will be even higher than the rich person who had the cash, won't it? So in effect, you're taxing the poorest investors at a higher rate."

He was quite quiet by this point. I went on:

"And who will be buying up these discounted stocks if not the billionaires that have the money to? You think Warren Buffett wouldn't be there ready to purchase up all those stocks at 30% less than their regular market share would have been? So in effect, you're advocating for a tax on the poorest investors, as a means of a wealth transfer from those who hold the least equity, to those who hold the most? You're advocating for income redistribution from the poorest investors to billionaires....and at a discount to boot?"

He had nothing left to say....

[midcoregamer]

The entire point of unrealized gains is that you DON'T have the money. How do they expect to tax it?

[RobertLoyale]

I literally had this conversation lol. And this was the answer every single time. “You don’t have 100 million or more”…But this will literally set up backwards even more

[sashmiel]

Remember when the inflation reduction act did the exact opposite? So why do they think something called a "Wealth tax" would actually do what it says?

[DieselMcBadass]

Originally the income tax was only on high wage earners, in 1913 it was 3 percent on people in excess of 3000 dollars of income and 5 % on people making 500, 000 or more.. Average income in the US was 6-700 dollars, meaning almost no working class people had to worry about it. Now look where taxes are today. You give them an inch, they will abuse it.

[jsn]

Vote for Kamala, and we'll all have $100M, just like in Zimbabwe.

[JoeLunsford]

OMG this has to be one of the most ACCURATE freedom toons video I’ve ever seen