I actually kind of like the Donald’s tax proposal. A one time tax levy, and then we can get past the incessant arguments about tax cuts for the rich which were in reality tax cuts for everyone who paid income tax. Those who paid more got more back, obviously, but in a black and white world it’s not fair for those who paid more to get more back. The best thing about the Donald’s plan though, is that it doesn’t come off as punitive in nature like most “progressive” tax alternatives do. I’d be interested to watch how many progressives would try to hide or reduce their net worth to avoid that tax. We know many conservatives would do so, that’s to be expected, but the hypocrisy of the left who make their money the same way as many on the right leads me to believe there’d be a lot of off-shoring going on among folks like George Soros.
May 3, 2017