Graham Platner’s tax plan includes a new “global billionaire minimum tax” that would require the U.S. to coordinate taxpayer information with foreign nations, including adversaries like China.
[RELATED: Platner’s Platform: The Radical Policies Behind the Persona…]
“They sit on a golden hoard, sucking chunks of the economy into their portfolios. While the real economy withers, their economy has never been stronger. Their economy is a financialized economy, an economy of great wealth built on air, of private equity destroying productive businesses and scavenging them for parts,” says Platner’s tax plan.
“We cannot allow billionaires to defund the societies that made their fortunes possible simply by shuffling money into an offshore account. This global concentration of wealth has given a handful of people more power than entire nations, leaving workers everywhere to pick up the tab for a lopsided global economy.”
The tax plan, fueled by virulent hatred of billionaires, is available on Platner’s campaign website and was highlighted in a Tuesday article by Americans for Tax Reform.
Platner’s plan aims to establish a minimum global two percent wealth tax on billionaires, though it is not clear how Americans would in any way benefit from ensuring that foreigners pay additional taxes to their own governments.
Wealth taxes target a person’s total assets rather than income or purchases.
The plan is in line with a “Global Minimum Tax on Ultra-High-Net-Worth Individuals” plan composed by the EU Tax Observatory and G20, an international forum including officially designated foreign adversaries like Russia and China.
Americans for Tax Reform provided more details on that plan. They explained that it was commissioned by Brazil’s socialist president Luiz Inácio Lula da Silva, and created by French economist Gabriel Zucman.
The plan would reportedly expand global banking data exchange to include details on wealth, income, real estate, and non-financial assets, meaning that U.S. taxpayer data would be shared with China and other foreign adversaries.
In addition to his proposed global wealth tax, Platner advocated for a U.S.-specific 5-6 percent tax on all wealth over $1 billion.
“Wealth taxes have been the third rail of politics, for obvious reasons, in a nation where
billionaires can buy elections at will. But it has gone too far. Americans will not allow
ourselves to sink into a permanent underclass in a world dominated by a handful of
oligarchs,” said Platner.
This phony is a ventriloquist dummy for the fringe left.
Of course he does. I would start with politicians who have become very wealthy without producing anything of value, Pelosi, Pingree, King, Sanders, Kahana McConnell, Thune, etc.
But Plattner supports paying teenagers , with part time jobs , thirty five dollars an hour to cook his French fries at Burger King …..
These Socialist Assholes want to take what YOU have got so they can sit around all day and complain about being a “ have not “ .
I pray that Maine Voters are smart enough to see this “the poor against the rich “ speech for what it is …..
“ Communism for All ….WE decide what YOU can and can not own “ .
Viva La Revolution !
You know, us common people should really be in charge of taxes. What he wants to do is exploit us overseas to people who have nothing to do with us but see us as the opportunity to scam and fraud us into bankruptcy. We all know the wealth tax is code for taxing the poor person into poverty whereas a morally delinquent loser like him should be out on the street begging for his next fix.
How much will King and Pingree have to pay.? and the rich people from Lewiston who are fraudsters.
And Bernie Sanders with his three homes?
so the spoiled brat rich kid is jealous of people who are richer than his relatives ……..boo hoo ……..
Isnt it great to see multimillionaires complaining about people who have more than them. Bernie used to complain about millionaires until he became one. How many millionaires has Bernie created with his business?
Interesting that Mein Oyster Fuhrer Platner now has the backing of the Socialist/Democrat party of Maine, and its international parent, The Communist Party. Perhaps the Communists are funding his leftist campaign here in Maine. I would have thought that with parents who could afford to send him off to Hotchkiss, a top flight preparatory School with tuition of $79,000 a year, and a life time military pension of $57,600 that was given to him when he mustered out as 100% mentally disabled and unable to find a job, that Platner could afford to run on his own. But then, having that Nazi Death’s Head tattoo covered up must have been costly. Perhaps he is also having to buy the silence of some of the numerous women he appears to have abused.
I am a ‘Nam era U S Navy Vet who will not be voting for the 100% mentally disabled Platner to be my U S Senator of six years.
Let’s start by imposing large fees on those in congress that made their fortunes on insider trading!!! Tax all of it until they are broke!
Really ?!? Wherever did he get that idea?
He’s an idea man!
Well that will make my life better, lol. Not one thing he says will make your life easier. He has no idea how to lower the cost of anything, just spouting the usual communist cliches, punish the successful.
He’s a total idiot. But Maine’s Communists would vote for the Gilgo Beach killer if the Democrats nominated him.
This guy is the classic useful fool. Playing for the leftist sheep.
Not sure I want to take economic advice from an “oysterman” whose biggest “sale” is $5K to his Mom. Socialism – gateway to full blown Communism – strategy? Frame a common enemy….a boogeyman that allows you to seize power and control. Keep the populace poor and dependent on government for everything – food, housing, healthcare. Make sure the populace has no guns, they are easier to control. And I don’t think I will be taking any advice from a guy who was training a Socialist Militia on gun control. Fighting Oligarchy…..what a joke….he is fighting to become the Oligarchy.
I have a tax idea….how about we place a 5% tax on all money spent by politicians trying to be elected to political office? The money would be shared directly with the “working class”.
I guess with his $79000 a year private school education, he his possible election to the senate gives him no influence on global taxes. He also seems not to realize his support of Maine tax on million dollar income seriously affect mommy and daddy and his trust fund ? inheritance?He has to work a bit to be the dimmest bulb in the string.
I still want to know why he was thrown out of Hotchkiss. Must have been pretty bad if his wealthy family could not buy his way out of it.
This is great news! We could use some of that money to fix the potholes and pay for my ballpoints. Also, I need a windshield because of a stupid dump truck with a big sign on the back that read “not responsible for windshield damage”. I’m like cool, the billionaires will pay for it. No problem.
@Bingo
Any idea how stupid this sounds!? “He has no idea how to lower the cost of anything, just spouting the usual communist cliches, punish the successful”
They’re not “successful” You’re being overcharged (gouged). Most of them are multi millionaires and billionaires because of their inheritance, government grants, subsidies and insider trading. Grow up.
Wow, the pablum pukers on here…
Trump raised the price of gasoline $1.74 cents per gallon over last three months. In early February my 4/banger was full at around $28, it climbed to $52 for a full tank under loser Trump.
How about taxing trust funds?
How about an annual wealth tax against the value of trusts, Graham?
How about reducing taxes by ending Communist Democrat engineered waste, fraud, & abuse ?
Plater is a liar and a bum. Never worked one solid day in his life. And he is the guy to tell those “working stiffs” who have made millions??? we want your money. What a joke of a human bering. A liar, never raised one oyster in Maine. Let him show a qualified work resume. And libs wish to “forgive him” for past sins? Come on, get a brain., This guy is simply a hum without a resume or experience. Be real folks, this guy is a joke.