ANALYSIS – Is Trump regretting his VP pick? Will Trump tell Vance he is “fired”? When former President Donald Trump selected J.D. Vance as his vice presidential candidate soon after surviving an assassination attempt, some called the choice bold and a doubling down on Trumpism.
I said he could help Trump make his case in 2024 and be the GOP standard bearer in 2028. Still, I also said I would have preferred Trump had picked a woman, and that I had some reservations about Vance as VP, including his youth and inexperience.
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Will Trump Dump JD Vance?
ANALYSIS – Is Trump regretting his VP pick? Will Trump tell Vance he is “fired”? When former President Donald Trump selected J.D. Vance as his vice presidential candidate soon after surviving an assassination attempt, some called the choice bold and a doubling down on Trumpism.
I said he could help Trump make his case in 2024 and be the GOP standard bearer in 2028. Still, I also said I would have preferred Trump had picked a woman, and that I had some reservations about Vance as VP, including his youth and inexperience.
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Taxing the rich has long been the dream and policy aim on the American left. Well, not “taxing” the rich. More like “soaking” them via layers of tax levies that expropriate their wealth and hand it to the noble, just and generous state.
But a funny thing happened on the way to the class war – the rich decided to pull up stakes and move to a less demanding locale.
Or at least one of the richest men in the world – Jeff Bezos – decided to leave Washington state and move to Florida…taking his wealth with him. As the Tax Foundation's Jared Walczak writes, Bezos will be missing out on paying Washington's high capital gains taxes, and in the future, its highest-in-the-nation estate taxes.
But that's not all:
One might be tempted to laugh at the Washington pols who lusted after Bezos' wealth and spun schemes to grab a goodly portion of it for their use.
But the Bezos example illustrates a truism about high tax regimes and the localities that impose them:
There's a lesson here for national pols who have their eyes on wealth taxes, too. Try to grab too much of what was never yours, and you may end up with nothing at all.
The opinions expressed in this article are those of the author and do not necessarily reflect the positions of American Liberty News.
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