Friday, September 23, 2016

When Madame BleachBit goes off her meds, she gets all Castro-ite

Her latest hell-yeah-I'm-a-redistributionist doozy:

Democratic presidential candidate Hillary Clinton would levy a 65% tax on the largest estates and make it harder for wealthy people to pass appreciated assets to their heirs without paying taxes, expanding the list of tax increases she would impose on the top sliver of America’s affluent.
The estate-tax increase and other new proposals that Mrs. Clinton detailed on Thursday would generate $260 billion over the next decade, enough to pay for her plans to simplify small business taxes and expand the child tax credit, according to the nonpartisan Committee for a Responsible Federal Budget, which advocates fiscal restraint.
In all, Mrs. Clinton would increase taxes by about $1.5 trillion over the next decade, increasing federal revenue by about 4%, though that new burden would be concentrated on relatively few households. There is at least a $6 trillion gap between her plan and the tax cuts proposed by her Republican rival Donald Trump.
The Clinton campaign changed its previous plan—which called for a 45% top rate—by adding three new tax brackets and adopting the structure proposed by Sen. Bernie Sanders of Vermont during the Democratic primaries. She would impose a 50% rate that would apply to estates over $10 million a person, a 55% rate that starts at $50 million a person, and the top rate of 65%, which would affect only those with assets exceeding $500 million for a single person and $1 billion for married couples.
Just wow.

It would clearly be DOA in any makeup of Congress that wasn't full-tilt Freedom-Hater, but still to know someone whose dream has been to run America since her teens is so strongly inclined toward this kind of thinking as to state it ofthrightly.

Makes kind of a good electoral indicator, though. Will have to keep my eye out for polls regarding how the voting populace feels about this. Obviously, my prayers are that post-America is not so far gone as to give it a big yay-rah.

I just wish we had somebody steeped in an understanding of free-market principles to make the case. Alas, it's up to Squirrel-Hair, which I don't find encouraging.

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