Lots of people think it would be unconstitutional for that very reason.
Cheers,
Scott.
A "bill of attainder" is unconstitutional. HTH.
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tell that to the congress re: aig bonus taxes :-)
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Notice that talk of that died down in the Senate.
Lots of people think it would be unconstitutional for that very reason.
Cheers, Scott. |
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Key difference
the bill in consideration was only aimed at companies taking TARP money. It wasn't universally applied to the entire population of bonus earners.
The "wealth tax" is not an attainder. It is a "land grab" that falls in that spirit..but as its NOT a complete confiscation it could very well pass constitutional muster. Want to make it even more palatable? Make it a 35% immediate tax and for anyone paying that tax, forgive that estate of any further inheritance tax. I will choose a path that's clear. I will choose freewill.
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Back up.
I was replying to your closing statement about wanting to see Bill Gates pay a $1B tax and how you didn't understand why that wasn't feasible.
That isn't going to happen, because that would be a bill of attainder. It's unconstitutional. The legislature can't single out a person for punishment. http://en.wikipedia....er#American_usage Sorry, I'm not going to bite on even more topic drift. ;-) HTH. Cheers, Scott. |
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read back
wealth tax on anyone with assets over 10M.
I will choose a path that's clear. I will choose freewill.
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