Taxing millionaires more Nice Adventure Awaits Mountain Retro Shirt would mean finally going after foundations, stock swaps, and 1031 like-kind real estate exchange. Almost anything else would end up hurting people who aren’t millionaires. Democrats could have done these things in 2009 when they had a supermajority. They just didn’t want to. Even Bernie Sanders preferred plans which raised percentages but avoided discussing these three loopholes in any detail. The reason is simple. Bernie wants to use them to shelter his own net worth just like other Democrats do. Of course, I think it’s crazy that Trump is even talking about yet another tax cut in 2020 but there is a lot of smoke and mirrors in the tax code.
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They run up the tab, then say we have to cut something, run up the Nice Adventure Awaits Mountain Retro Shirt tab, say oh now we need to cut something. I wish we could tax them personally. Like raise taxes on the rich but specifically raise taxes on Moscow Mitch and Trump more. It’s worse than that. They use the deficit to give money to the rich. Honestly, as Dems, we should raise taxes on the wealthy, add a VA tax and or speculation tax, and be careful about our spending. If we come in at having a lower deficit than the Republicans they can’t possibly use it against us and it improves our chances next for 2024.
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