American politics

[thfcsteff]

A reminder as to some of the views the Secretary of Health and Human Services holds...it is with a degree of irony @robp135 that I must hold my hands up and agree with you on the specific thought that trusting government figures these days can be a dicey affair..,

https://www.caryinstitute.org/news-...er-ups-untruths-behind-rfk-jrs-disease-claims

 

[thfcsteff]

Be interested to see where this goes.

https://www.wsj.com/politics/policy/california-billionaire-tax-wins-support-from-state-democratic-party-416ac843

According to the official summary, it would:

• Impose a one-time tax of up to 5% on taxpayers and trusts with covered assets exceeding $1 billion.
• Count assets such as businesses, securities, art, collectibles, and intellectual property, while excluding real property and certain retirement assets.
• Dedicate 90% of revenue to health care and 10% to food assistance or education-related programs.
• Prevent the new revenue from replacing existing funding for those programs.
• Exempt the revenue from certain California constitutional budget formulas (school funding minimums, budget reserves, and the state spending limit).

I think to a point you've made before, it all looks good on paper but how exactly will it be implemented? The delivery system for such things remains a huge issue.

 

[robp135]

I think to a point you've made before, it all looks good on paper but how exactly will it be implemented? The delivery system for such things remains a huge issue.

Be no shortage of lawsuits over how an asset has been valued.