Is that it's not Constitutional. Look at it closely. It's not levied on income, but rather wealth. It's a direct tax.
Hence, it is a direct tax prohibited by Article 1 of the Constitution, and the 16th Amendment (which authorizes only income taxes) has no bearing on it.
I'll be sitting here with the crickets chirping while I wait for the Senate or courts to figure this out, but it's pretty clear to me. There is no Constitutional authorization for this particular form of class warfare.
The rise and fall of the Red Delicious - The Awful Reign of the Red Delicious Excerpt: At the supermarket near his home in central Virginia, Tom Burford likes to loiter by the display of Red ...
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