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4 Responses to “Are You Ready for a “Wealth Tax” from Obama?”

1. Chipper Says:
   September 9th, 2009 at 9:36 pm

   A wealth tax is a direct tax, clearly, plainly, and explicitly forbidden by the Constitution. The Framers knew that the power to tax a man (his person, his salary, his wages) is the power to control a man and the power to destroy a man. The Framers knew that the power to tax property is the power to confiscate property. That is the reason all of these are forbidden by the constitution. The purposely misunderstood 16th Amendment didn’t revoke or change any of those rules. The 16th Amendment merely defined “Income”, what we would now call passive or unearned income (interest, dividends, etc.), to be taxable as an excise. The Supremes correctly upheld the 16th repeatedly. Of course the 16th today is completely mis-applied as giving the government the authority to tax directly. Taxes on salaries and wages for most people are constitutionally illegal. But the IRS has the guns . . . oh well.

2. Chipper Says:
   September 9th, 2009 at 9:38 pm

   I should have posted a reference. A book that is simply amazing.
   http://www.constitutionalincome.com/

3. double bed Says:
   February 14th, 2010 at 10:35 pm

   Hi Mr. Nestmann, This is thought-provoking one. But is there any solid system by which the administration can find the “hidden wealth” (e.g. offshore investment, gold you own, cash in matttress etc..)?
   - Mathew J.

4. Geoff-UK Says:
   July 28th, 2011 at 3:53 pm

   @Chipper,

   And since when did unConstitutionality have any bearing on what Congress does?

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