Page 6 - 16th Amendment News Today : Breaking News, Live Updates & Top Stories | Vimarsana

You can't have an income tax. that's not constitutional under article 1. congress responded before world war i by passing the 16th amendment which said you can have an income tax. but the question is, is taxing unrealized gains, even on very, very wealthy people. this of course would only apply to people with great many assets, is that income, is that covered by the 16th amendment? i don't think anyone knows for sure. now we have a conservative court not favorably disposed toward the biden administration. so the question is would the supreme court uphold a tax on unrealized capital gains under...

It? $36 million yesterday? yesterday? >> yesterday. >> 36 billion. what he says in response to this plan of taxing billionaires, no, you must not do that because they will run out of money and come for you. what he doesn't address is if he is not paying his fair share, then we have to make up the difference. >> yes. let's talk about some of these ideas. i was going to read what marjorie taylor greene had to say but i don't take her seriously enough to read it. i'll skip that. this is the potential constitutional challenge. if a billionaire's tax actually happens, this tax would certainly face ...

Our constitution and bill of rights are all about process. our founders knew that a government without constraints could accuse anyone of any crime at any time even without compelling evidence. that's why the fifth and 14th amendment establish a bedrock principle of innocent until proven guilty beyond a reasonable doubt. on november the 14 comments week or pelosi and for the president that the president should prove his innocence. she stated mr. president, if there's anything that could show your innocence you should make that known. that also guarantees that the accused can call witnesses on ...

Books, 75% of them have gotten rid of them. look at the volatility of the stock market. can you imagine taxes wealth based that. >> it's a tax on all of the stuff you have forever. >> exactly. and that makes it constitutionally suspect because the 16th amendment allows the federal government to tax income but not assets. >> kamala harris has an approach to a universal basic income type concept. >> kamala harris is proposing what we'll see from a lot of the democrats is that every person gets a check from the government in order to do whatever they would want to with it. the problem is who pays...

. mark: welcome back, senator, we talked about some of the senators. let's talk about the institution of the senate. used to be that the state legislatures chose the senators or the methods by which the senators were chosen and we get the 17th amendment. a progressive era of republicans, the 16th amendment, the federal income tax and the 17th amendment. that all changed. direct election was considered a populist thing to do, and so the states don't have any representation, state legislatures don't have direct representation in the senate or in congress period, what do you make of that? >> ther...