A Quote by Thomas Piketty

The United States could transform its property tax system into a progressive tax on net worth without asking permission to the rest of the world.

Thomas Piketty

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Asking Asking Permission Could Net Net Worth Permission Progressive Progressive Tax Property Rest States System Tax Tax System Transform United United States Without World Worth

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Thomas Piketty
French - Economist
Born: May 7, 1971

There are 11 states in the United States that in the last 50 years instituted an income tax. So I looked at each of those 11 states over the last 50 years, and I took their current economic metrics and their metrics for the five years before they put in the progressive income tax... Every single state that introduced a progressive income tax has declined as an overall share of the U.S. economy.

Arthur Laffer

Local tax increases can cause high-net-worth individuals to move, tax experts said; tax avoidance and tax arbitrage are multitrillion-dollar affairs, and rich people are sensitive to tax rates. But many of the people who move when their home state raises taxes are close to retirement anyway.

Annie Lowrey

In 1850, I believe, the church property in the United States, which paid no tax, amounted to $87 million. In 1900, without a check, it is safe to say, this property will reach a sum exceeding $3 billion. I would suggest the taxation of all property equally.

Ulysses S. Grant

What I argue for is a progressive tax, a global tax, based on the taxation of private property.

Thomas Piketty

Mr. Speaker, in 1848, Karl Marx said, a progressive income tax is needed to transfer wealth and power to the state. Thus, Marx's Communist Manifesto had as its major economic tenet a progressive income tax. Think about it, 1848 Karl Marx, Communism.... I say it is time to replace the progressive income tax with a national retail sales tax, and it is time to abolish the IRS, my colleagues. I yield back all the rules, regulations, fear, and intimidation of our current system.

James Traficant

In 1848, Karl Marx said, a progressive income tax is needed to transfer wealth and power to the state. Thus, Marx's Communist Manifesto had as its major economic tenet a progressive income tax. ... I say it is time to replace the progressive income tax with a national retail sales tax, and it is time to abolish the IRS.

James Traficant

I support transitioning from the progressive tax to a flat tax system - both individual and corporate/business.

Allen West

I'll give you a simple formula for straightening out the problems of the United States. First, you tax the churches. You take the tax off of capital gains and the tax off of savings. You decriminalize all and tax them same way as you do alcohol. You decriminalize . You make gambling legal. That will put the budget back on the road to recovery, and you'll have plenty of tax revenue coming in for all of your social programs, and to run the army.

Frank Zappa

You tax Mexico? The president of the United States is going to tax Mexico to get a wall for the United States of America? I'm pointing out the absurdity of a lot of these comments.

Dana Perino

God forbid that the United Kingdom should take a lead and introduce a sensible tax system of its own which would probably comprise a very low level of corporation tax - tax on corporate profits - and perhaps a low level of corporate sales tax, because sales are where they are, and sales in this country are sales here, which we can tax here.

Nigel Lawson

I support both a Fair Tax and a Flat Tax plan that would dramatically streamline the tax system. A Fair Tax would replace all federal taxes on personal and corporate income with a single national tax on retail sales, while a Flat Tax would apply the same tax rate to all income with few if any deductions or exemptions.

Ralph Hall

We've got a tax code that is encouraging flight of jobs and outsourcing. And that's why we've specifically recommended in this campaign that Congress change our tax code so that we stop giving tax breaks to companies that are moving to Mexico and China and other places, and start putting those tax breaks into companies that are investing here in the United States.

Barack Obama

In the United States, if you buy a property and you're a good citizen, and you improve that property, what do they do to you? They tax you more. So they penalize you for good behavior.

Jesse Ventura

The United States needs a much more progressive tax-and-transfer infrastructure, given how dramatically inequality has increased. But not every single policy needs to be ideally progressive to achieve that goal.

Annie Lowrey

I really like the idea of consumption tax, and most countries have a pretty serious consumption tax. It's called a value-added tax or a goods and services tax ... It's a sales tax. It doesn't tax labor, it doesn't tax savings or investment - it taxes consumption.

T.R. Reid

Let's take the nine states that have no income tax and compare them with the nine states with the highest income tax rates in the nation. If you look at the economic metrics over the last decade for both groups, the zero-income-tax-rate states outperform the highest-income-tax-rate states by a fairly sizable amount.

Arthur Laffer

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