fromThe Mercury News
4 hours agoLetters: Wealth tax is money grab by another name
A wealth tax on billionaires is a horrible idea. It is unconstitutional: a tax on wealth, not income. It's never enough. The taxers will soon return with a lower threshold and a higher rate. Consider the income tax and the Alternative Minimum Tax, which were initially touted as affecting only the very wealthy at a low rate. Today? Subsidizing health care creates artificially inflated demand, which can be resolved only by increased prices or shortages.
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