Patrick J. Maloney
23.3K posts


@jdarden415040 @BernieSanders Dude, stop expecting a Democrat to understand economics.
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Bernie, asshole that you are, be honest for once, to pay your 5% wealth tax they would have to liquidate assets, and after they do that they will owe a capital gains tax. Not to mention the downward pressure it will put on the market when every billionaire is having to sell off millions to billions in stocks. So they have to pay a tax on their tax. In cases like Elon Musk, under thst 5% tax he would owe roughly $42 billion for his current net worth, but when he liquidates $42 billion he will owe another $8.4 billion in capital gains tax. So he would really have to liquidate roughly $52 billion to pay the wealth tax and the capital gains. Selling off $52 billion is going to drive the value of Tesla stocks down and his overall net worth down.
These mandatory sales would dilute Musk’s voting power, eventually making it impossible for him to maintain majority control of his companies.
Forcing billions of dollars in stock sales every year would destabilize the markets and harm everyday investors who own the same stocks.
This "modest" 5% punishes founders for the success of their companies. It is clearly designed to force the loss of company control and voting rights because, as opposed to actually being modest. It is a confiscatory rate that can potentially exceed annual returns.
Reign in government spending and the rampant fraud that you are presently ignoring before trying to reallocate wealth.
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Ok, Jamie: Let me clear things up for you.
If my 5% wealth tax on billionaires was enacted you’d owe $135 million more in taxes & a family of 4 making $150,000 or less would receive a $12,000 payment.
Oh, and you’d still be worth more than $2.5 billion. Seems pretty fair to me.
Acyn@Acyn
Kilmeade: What do you say to people like Bernie Sanders who says billionaires don't pay their fair share? Dimon: I don't know what he means by fair share
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The cost of living is sky high. Let’s call it what it is: an emergency. But Washington isn’t treating it like one.
That’s why @RepDeluzio and I are introducing legislation to force action and put working Americans first.
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@PramilaJayapal Until it’s tossed. Democrats constantly celebrating stealing money from people. It will eventually apply to everyone.
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Washington State keeps showing up for working people!!
The Millionaires' Tax is now law in my home state – making the ultra-wealthy finally pay their fair share while delivering free school meals for every kid, affordable child care, tax relief for small businesses, and direct checks to nearly 500,000 working families.
While Trump and Republicans gut programs working people depend on, my home state is proving that a different path is possible.
This is what it looks like when we come together and deliver! 💜

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I’m signing an executive order banning California state officials from using insider information to place bets, including in prediction markets.
We will not tolerate this kind of corruption in California.
POLITICO@politico
Gavin Newsom to ban California officials from insider betting on prediction markets dlvr.it/TRkNkL
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NEW YORK CITY: I will be joining a rally on Sunday to demand that, at a time of record income and wealth inequality, corporations and the wealthiest people in this country start paying their fair share in taxes.
I hope you'll join us. dsa.nyc/BernieTTR

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@ThatBadGoy @georgegalloway @Marmittaaa Try and remember that Dexter is not real!! I get the point of ur post and yet …”Why”? It has no intellectual payoff it also it’s not humorous or educational it’s just stupid. Try and contribute some current affair stuff that’s interesting and helpful. Ok?
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@SenWarren That's all your opinions are worth.
Start by having you and Bernie Sanders give up all of your money.
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#BREAKING: Transgender women athletes are now excluded from the Olympics after the IOC agreed to a new eligibility policy on Thursday.
denver7.com/sports/olympic…
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@PopBase Justice served..Over 800 workers finally getting what they deserve props to Zohran Mamdani’s administration for standing up for labor rights. 👏
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This is the kind of quiet victory that doesn’t make headlines but transforms real lives. It shows that leadership isn’t just about promises; it’s about creating systems where people are protected, empowered, and fairly treated. Mamdani’s approach is proving that thoughtful, persistent action can move the needle in ways that truly matter.

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