“The legislation [introduced by Wyden] targets a practice known as “buy, borrow, die” that billionaires use to avoid paying income taxes: A billionaire buys assets that appreciate in value, borrows against those assets’ increasing and untaxed value, and then passes on the assets to beneficiaries when they die, without paying taxes. Wyden’s legislation would require people with more than $1 billion in assets to pay capital gains taxes on the appreciation of value in these assets—such as real estate, stocks, or collectibles—regardless of whether they are sold.”
It’s a sick and twisted game that billionaires and billionaire corporations play. It’s time they paid a fair share. Wishing the best for Oregon Senator Wyden.
It’s a game where they literally make the rules. We’ve been mostly captured and there’s no new land to occupy to start anew.
So I take it the remainder of this individual’s political career is now measured in days…
Not if we Oregonians have anything to say about it. We like him.
Ron’s great, but Ron is also getting on in years. I wouldn’t be surprised to see him retire soon.
He’s one of the most technologically literate members of either house. Unless he has health issues, I see him fighting for people until he can’t.
He’ll be 75 next spring. He is and has been an excellent advocate, but I do not believe we should continue electing people who are that old. That goes for Biden, Trump and every other politician past 65. Get out of the way and let the people who still have skin in the game make some calls.
I agree with where you’re coming from I think this is an outlier. The significance of age is understanding the times and investing in the future. While he’s literate and empathetic, the GOP half his age are neither. So wouldn’t you say he has more of a right to be in DC than they do?
Anyone who gets elected has a right to be in DC.
Don’t get me wrong: I think that Ron is one of the best politicians to ever have put their name on a ballot and that his continued work has been fantastic. But I also think people in their 70s shouldn’t necessarily be running the country.
We test old people who want to drive, perhaps we should have something similar to run for office.
We should have a wealth cap where if anyone hits a certain amount they get a ticker tape parade with banners that say ‘YOU WON CAPITALISM!!!’ and then everything they accrue after that goes to feed and house poor people without qualification.