Wages for Housework Act

[Cranberry]

Once we come up with a figure for this, we could simply slap a wealth tax on all income over $1,000,000,000 to fund this.

You mean a 100% income tax on all income >$1 million? Or anyone with an income >$1 million would have their total wealth taxed by a certain percentage?

1 billion, and a wealth tax is, as far as I know, the latter...

[TNF]

Once we come up with a figure for this, we could simply slap a wealth tax on all income over $1,000,000,000 to fund this.

You mean a 100% income tax on all income >$1 million? Or anyone with an income >$1 million would have their total wealth taxed by a certain percentage?

The latter, although I would definitely favor the former.

[Deus Naturae]

Once we come up with a figure for this, we could simply slap a wealth tax on all income over $1,000,000,000 to fund this.

You mean a 100% income tax on all income >$1 million? Or anyone with an income >$1 million would have their total wealth taxed by a certain percentage?

The latter, although I would definitely favor the former.

That would probably lead to a net decrease in revenue. No one would want to make $1 billion/yr. if it mean that a portion of their entire wealth would be taxed.

[Fmr. Pres. Duke]

100% of any level of income is on the wrong side of the Laffer curse and would ultimately see a net decrease in revenue, even on our beloved billionaires.

[Southern Senator North Carolina Yankee]

Yes, tax rates just don't work like that and don't generate revenue if raised beyond a certain point.

[Fmr President & Senator Polnut]

Am I the only one thinking this has gone off on a bit of an odd-track?

[Cranberry]

Am I the only one thinking this has gone off on a bit of an odd-track?

This is the second time in a row we're discussing something completely different than the bill in this thread

[TNF]

Am I the only one thinking this has gone off on a bit of an odd-track?

No, but the right likes to waste time on debates that are neither here nor there. Unfortunately, until we get a new Game Moderator, we don't really have much of an idea on how much this proposal is going to cost us, and so for the time being, we're kind of stuck.

[Lumine]

Well, when there's not much to say here it's hard to remain on track, specially given that we're likely to wait about two weeks until we can move forward with this. Wouldn't it make more sense to drop this one for the time being (given that having it two weeks on the floor would be kind of pointless) and reintroduce it when we have a GM and Hagrid returns?

[TNF]

I would be fine with tabling it until we can get some numbers, provided that the rest of the Senate concurs.

[bore]

Motion to table then.

[Lumine]

Motion to table then.

Seconded.

[TNF]

Senators, a vote on the motion to table the Wages for Housework Act has been filed by Senator bore and seconded by Senator Lumine.. Please vote Aye, Nay, or Abstain.


AYE

[Southern Senator North Carolina Yankee]

Aye

Though I hope this doesn't mean we have to table the Napa Earthquake bill for the same reason. I would argue that it has direction and is merely held up by numbers alone, whereas, this would need the numbers to find direction.

[Lumine]

Aye.

[Fmr President & Senator Polnut]

AYE

[bore]

Aye

[Cranberry]

Aye

Though I hope this doesn't mean we have to table the Napa Earthquake bill for the same reason. I would argue that it has direction and is merely held up by numbers alone, whereas, this would need the numbers to find direction.

I shall hope so as well, as we really just need the numbers there to go, and Hagrid certainly will provide us once he's returned.

[MyRescueKittehRocks]

Aye

Confiscating everything from someone who makes >1,000,000,000 is a non starter with me. In my Detroit plan the national government can only take via taxes no more than 40%. TNF, why should we as a government take even more from our job creators and citizens of significant means when taxation should be fair and equal to all and by no means progressive?

[Cranberry]

Confiscating everything from someone who makes >1,000,000,000 is a non starter with me. In my Detroit plan the national government can only take via taxes no more than 40%. TNF, why should we as a government take even more from our job creators and citizens of significant means when taxation should be fair and equal to all and by no means progressive?

When did TNF say he wanted to take everything?
And what does this have to do with tabling the bill for the time being?

[MyRescueKittehRocks]

Confiscating everything from someone who makes >1,000,000,000 is a non starter with me. In my Detroit plan the national government can only take via taxes no more than 40%. TNF, why should we as a government take even more from our job creators and citizens of significant means when taxation should be fair and equal to all and by no means progressive?

When did TNF say he wanted to take everything?
And what does this have to do with tabling the bill for the time being?

It was implied by TNF's idea of a wealth tax spoken about prior to the motion to table.

As for the motion to table

Aye

[TNF]

With no votes cast to the contrary of the majority, the Wages for Housework Act has been tabled.