Letters: Wealth tax is money grab by another name

"A wealth tax on billionaires is a horrible idea. It is unconstitutional: a tax on wealth, not income. It's never enough. The taxers will soon return with a lower threshold and a higher rate. Consider the income tax and the Alternative Minimum Tax, which were initially touted as affecting only the very wealthy at a low rate. Today? Subsidizing health care creates artificially inflated demand, which can be resolved only by increased prices or shortages."

"Hopefully those in her party and those on both sides of the aisle can learn that while inflaming the issues by conflating and labeling police, Border Patrol and officers of Homeland Security as Nazis or fascists and then to implore their followers to resist and attack, may make political points and headlines for them, it only riles up the mob and puts both officers and protesters at risk."

A proposed wealth tax on billionaires is characterized as unconstitutional for taxing wealth rather than income and as likely to expand to lower thresholds and higher rates. Historical examples such as the income tax and the Alternative Minimum Tax are cited as measures that began narrowly but broadened over time. Subsidizing health care is argued to create artificially inflated demand that leads to higher prices or shortages. The tax proposal is framed as a forceful grab reflecting a progressive mentality. Separately, political rhetoric from all sides is criticized for inflaming tensions and endangering officers and protesters.

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