WILSON’S LOCAL PRINT AND DIGITAL COMMUNITY INSTITUTION SINCE 1896

Trump was right to call for wealth tax in 1999

Posted 1/17/20

This might surprise you, but in 1999, Donald Trump proposed the passage of a “National Wealth Tax” of 14.25% on all individuals who have a net-worth and net-wealth of $10 million and higher. You …

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Trump was right to call for wealth tax in 1999

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Posted

This might surprise you, but in 1999, Donald Trump proposed the passage of a “National Wealth Tax” of 14.25% on all individuals who have a net-worth and net-wealth of $10 million and higher. You can look it up online.

Wealth differs from income. He wanted the money generated from it to pay off the entire national debt, with the remainder being placed into the Social Security Trust Fund to make it more solvent for additional years.

That is not something conservative Republicans believe in.

USA Today loves the idea. So do I. So should all “liberal/progressive” Democrats as well as many “moderates” and “centrists” and “independents.”

Right?

Take from the super-rich and give to help everyone else.

It is like Robin Hood. It is part of my own platform and agenda.

So why is Elizabeth Warren the only national Democrat who supports any version of it?

It is the only way to pay for the new social programs that people like AOC want. The only fiscally responsible way to raise enough money to help people.

Why is a political nobody like me the only person wanting to point this out to all Americans?

Why are the so-called “compassionate” and “caring” and “justice-seeking” “liberal/progressive” Democrats totally silent and mute about this?

Stewart B. Epstein

Rochester, N.Y.

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