Drudge Retort: The Other Side of the News
Friday, February 01, 2019

Darrell M. West: A solidarity wealth tax would lower deficits, reduce inequality, and retrain workers. It was a good idea when Trump pitched it in 1999. It still is. In 1999, billionaire Donald Trump proposed a "one-time" net worth tax of 14.25 percent on people worth $10 million or more to help pay off the national debt.

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This was at a time Bill Clinton left a plan to pay it off on W's desk. Which W threw in the trash as they set about more than doubling the budget and national debt per the Dick Cheney "Ronald Reagan proved deficits don't matter" school of GOP math (when they're in power, that is).

#1 | Posted by AMERICANUNITY at 2019-01-31 01:12 PM | Reply | Newsworthy 1


Trump: I Believe In Raising Taxes on the Wealthy, "Including Myself" (April 2016)
www.realclearpolitics.com


#2 | Posted by LampLighter at 2019-01-31 01:27 PM | Reply | Newsworthy 1

I'm shocked that this thread has generated so few comments. / snark

------- not jeffyj

#3 | Posted by ChiefTutMoses at 2019-01-31 01:44 PM | Reply | Newsworthy 2

This is one of a few of Trump's good ideas. But not to balance the budget. A legitimate reason is simply to prevent capitalist ownership of everything from becoming concentrated in too few hands.

#4 | Posted by bayviking at 2019-01-31 03:36 PM | Reply

Trump once had good ideas, sort of like Nullifidian used to have them too.

Then... something happened.

Back in the 90s Trump said the way to break the drug cartels is to legalize drugs. Based on economics even MadBomber can't screw up.

But now that he has power, it's more expedient for Trump to point to drug dealers as his boogeymen.

#5 | Posted by snoofy at 2019-01-31 03:44 PM | Reply | Newsworthy 2

Trump also believed in universal healthcare back then too but that was before the dementia set in

#6 | Posted by johnny_hotsauce at 2019-01-31 11:09 PM | Reply | Newsworthy 2

Trump built an audience over the years that were mostly morons who were easily fooled by lies that appeal to right wingers, racists, white nationalists, Evangelicals, etc. He won an election withthat base so today Trump doesn't really care about issues he just want to please his ignorant base. I can honestly say I never watched The Apprentice even once. Donald Trump was always annoying to me.

#7 | Posted by danni at 2019-02-01 07:51 AM | Reply | Newsworthy 1

trump was a Democrat back then Danni.

well, we all know its feelings for her though

#8 | Posted by kwrx25 at 2019-02-01 08:22 AM | Reply

Trump once had good ideas, sort of like Nullifidian used to have them too.
Then... something happened.

Getting old can cause some people to turn into scared little racist douchebags.

#9 | Posted by JOE at 2019-02-01 08:51 AM | Reply

-Trump once had good ideas, sort of like Joe used to have them too

Yeah, Joe was always angry, but he was a libertarian and somewhat reasonable on limiting government. Now he's a tax and spend socialist who worships the State.

#10 | Posted by nullifidian at 2019-02-01 09:03 AM | Reply

"This was at a time Bill Clinton left a plan to pay it off on W's desk."

Omg...you mean there are people who still believe this even with all the evidence that Clinton did nothing but pay off one debt by using another debt? It's a shame that with all this Internet power and ability to search anything, people still can't accept reality.

I'm actually really liking the idea of a one-time tax. Hell, use it as negotiating leverage. Propose a 70% tax, which is just absurd and anyone who wants that is also out of touch with reality. Since it is so absurd, it will never pass. But, then you have leverage and can say that the tax will be 45% annually and a one-time of 10%. But I'm only OK with that as long as middle-class taxes go up a few % as well because, you know, some people still want everyone to be treated fairly and discrimination of any kind should be discouraged.

#11 | Posted by humtake at 2019-02-01 12:44 PM | Reply | Funny: 2

Come ON, he would deny it today if a reporter asked. He can't remember anything if it is not left in a summary sheet on his desk every day. Trump is already senile, cranky, and very dangerous to America and her allies.

#12 | Posted by e1g1 at 2019-02-01 05:01 PM | Reply

Did he say this before he was a billionaire?

#13 | Posted by rstybeach11 at 2019-02-01 05:18 PM | Reply

Trump says things all the time.

He's the definition of actions speak louder than words.

#14 | Posted by ClownShack at 2019-02-01 05:27 PM | Reply

Joe was always angry, but he was a libertarian and somewhat reasonable on limiting government. Now he's a tax and spend socialist who worships the State.

Yeah, when i was a dumb 20 year old with zero life experience. Are you proud to be currently aligned with the views of a stupid kid who no longer exists?

#15 | Posted by JOE at 2019-02-02 12:47 AM | Reply

Joe,

It's not the viewpoint, it's the demeanor.

You used to be far more jovial with much more of a sense of humor. Nowadays you are kind of nasty a fair amount of the time and when you do crack a joke it's usually mean spirited.

You're too young to be a bitter old grump.

#16 | Posted by JeffJ at 2019-02-02 01:08 AM | Reply

#11 | Posted by humtake

Trump has doubled the annual deficit to back over $1T at a time when the economy is supposedly great.

Now, why do you suppose that is?

Tax cuts, tax avoidance, Republicans more than doubling the budget under W ...

Take your pick ... or all of the above.

#17 | Posted by AMERICANUNITY at 2019-02-02 01:56 PM | Reply

Cannot do that as all the riches' monies will be needed for free college, medicare for all and all those other 'freebies' proposed by the left.

#18 | Posted by MSgt at 2019-02-02 03:18 PM | Reply

It's not the viewpoint, it's the demeanor. - jeffj

They go hand in hand. Do you know any socialist that are happy people? I don't, always complaining about something, and usually something trivial.

"happy socialist" is an oxymoron.

#19 | Posted by AndreaMackris at 2019-02-02 03:40 PM | Reply

Do you know any socialist that are happy people? I don't, always complaining about something, and usually something trivial.

"happy socialist" is an oxymoron.

#19 | Posted by AndreaMackris

You must not know any Europeans. In survey after survey, people who live in countries with democratic socialist government policies are the happiest people on Earth.

You don't need to take my word for it. Here's a page of Google results to choose from:

www.google.com

#20 | Posted by AMERICANUNITY at 2019-02-02 03:53 PM | Reply

In case you don't click the link and choose an article, here's a summary the top of the Google page:

As per 2018 Happiness Report, Finland is the happiest country in the world, with Norway, Denmark, Iceland, and Switzerland holding the next top positions. The World Happiness Report 2018 ranks 156 countries by their happiness levels, and 117 countries by the happiness of their immigrants.

#21 | Posted by AMERICANUNITY at 2019-02-02 03:54 PM | Reply

It's kind of funny to see Andrea, a mattress, who is one of the grumpiest people here, for reasons most of us can sympathize with, say that socialists aren't happy people.

#22 | Posted by snoofy at 2019-02-02 03:58 PM | Reply

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