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Title: Donald Trump once proposed a more left-wing tax policy than Bernie Sanders
Source:
Vox
URL Source: http://www.vox.com/2015/3/18/8244115/donald-trump-wealth-tax
Published: Jul 7, 2015
Author: Dylan Matthews
Post Date: 2015-07-07 09:48:19 by cranko
Keywords: None
Views: 15198
Comments: 39
In 1999 and 2000, he considered a bid for the nomination of Ross Perot's Reform Party, which was at the height of its influence after Jesse Ventura won the Minnesota governorship in 1998 as a Reform candidate. Trump's big idea was a one-time wealth tax of 14.25 percent on all individuals and trusts with a net worth in excess of $10 million. The proceeds would be used to wipe out the national debt, with the savings in interest payments going to shore up Social Security and pay for middle-class tax cuts. This is a totally insane idea for a whole variety of reasons, many of which Bruce Bartlett ran through in the Wall Street Journal at the time. The tax wouldn't raise nearly as much as Trump thought it would, it'd encourage massive evasion, and it'd force huge sell-offs of stock and other assets, leading to, as Bartlett writes, the "liquidation of thousands of businesses." "We must have universal healthcare," wrote Trump. "I'm a conservative on most issues but a liberal on this one. We should not hear so many stories of families ruined by healthcare expenses." The goal of health care reform, wrote Trump, should be a system that looks a lot like Canada. "Doctors might be paid less than they are now, as is the case in Canada, but they would be able to treat more patients because of the reduction in their paperwork," he writes. /cdn0
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The wealth tax isn't the only left-wing proposal Trump has flirted with over the years, either. He also used to be a fan of Canadian-style single-payer health care.
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#11. To: cranko (#0)
I love it, a tax that targets liberals. The biggest liberals in America are the left wing globalist billionaires. Need to tax their foundations, and that hedge fund masquerading as a university, Hah-vahd. Bill Gates is as left wing as they come, these liberal billionaires make a big deal about malaria in Africa, thee same left wing globalist billionaires reintroduced tuberculosis into America with their immigration policy.
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Top • Page Up • Full Thread • Page Down • Bottom/LatestTrump's big idea was a one-time wealth tax of 14.25 percent on all individuals and trusts with a net worth in excess of $10 million.
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