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Tax the Rich?

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Posted By: 4250Luis, 4/12/2026 5:34:43 PM

Five bucks to you is like $6 million to billionaire Jeff Bezos!” shrieks Sen. Elizabeth Warren, D-Mass. Taking more from billionaires and millionaires just seems fair. That’s why Washington state passed a new “millionaire’s tax,” California will soon vote on a “billionaire’s tax,” and my mayor in NYC shouts, “increase taxes on the wealthiest New Yorkers!” Don’t these politicians realize that in America, people can move? The same day Washington’s House passed its millionaire’s tax, Starbucks billionaire Howard Schultz announced that he’s leaving Washington for Florida. Billionaires Elon Musk, Larry Ellison, Steven Spielberg, Peter Thiel, and now Google co-founders Larry Page and Sergey Brin have left California.

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Reply 1 - Posted by: Miss Ann Thrope 4/12/2026 6:14:16 PM (No. 2091862)
How much money do the millionaires spend in a year on goods and services in the states that want to increase their taxes? If they move to another state, then that money is spent there.
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Reply 2 - Posted by: snowoutlaw 4/12/2026 6:29:23 PM (No. 2091869)
That $6 million maybe nothing to Bezos but it is a few hundred jobs going down the government drain hole to you and me. Repeat that a thousand times and its hundreds of thousands of lost jobs so that the Dems give free stull like health care to illegals and pretend to build a train to nowhere.
7 people like this.

Reply 3 - Posted by: stablemoney 4/12/2026 6:33:56 PM (No. 2091870)
What Warren cannot grasp, because she is an ignoramus, is that the money does not come from the billionaire, it comes from private capital that is invested in this country. Cannibalize capital formation, and the nation's growth and innovation will suffer, and the U.S. will be like Great Britain, enjoying a falling standard of living every year.
9 people like this.

Reply 4 - Posted by: VirtuDawg 4/12/2026 7:55:49 PM (No. 2091888)
IRS Summary of 2021 Federal Income Taxes: Bracket Avg Tax Rate Top 1% 25.9% Top 5 % 23.3 Top 10% 21.5 Top 25 % 18.4 Top 50% 16.2 Bottom 50% 3.3 In 2021, the Top 50% paid 97.7% of all personal income taxes. The Bottom 50% paid just 2.3%.
3 people like this.

Reply 5 - Posted by: Older Lady 4/12/2026 8:07:13 PM (No. 2091892)
#4, don't confuse Democrats with facts. They know they can win elections by saying they are going to raise taxes on the wealthy. Then those wealthy people leave those states taking jobs and revenue with them.
1 person likes this.

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Posted by 4250Luis 4/12/2026 5:34:43 PM Post Reply
Five bucks to you is like $6 million to billionaire Jeff Bezos!” shrieks Sen. Elizabeth Warren, D-Mass. Taking more from billionaires and millionaires just seems fair. That’s why Washington state passed a new “millionaire’s tax,” California will soon vote on a “billionaire’s tax,” and my mayor in NYC shouts, “increase taxes on the wealthiest New Yorkers!” Don’t these politicians realize that in America, people can move? The same day Washington’s House passed its millionaire’s tax, Starbucks billionaire Howard Schultz announced that he’s leaving Washington for Florida. Billionaires Elon Musk, Larry Ellison, Steven Spielberg, Peter Thiel, and now Google co-founders Larry Page and Sergey Brin have left California.
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