The Supreme Court's recent ruling in Moore v. U.S. on Thursday has reignited discussions about the constitutionality of a wealth tax. Justice Brett Kavanaugh's majority opinion, joined by Chief Justice John Roberts and the Court's Democratic appointees, did not resolve whether wealth taxes are constitutional, leaving the issue open for future debate. Joe Bishop-Henchman of the National Taxpayers Union emphasized that the narrow decision does not open the door to a wealth tax, which would still face constitutional challenges. The ruling has prompted various opinions, with some justices signaling opposition to wealth tax proposals.
A Proposed Wealth Tax Barely Survives its First Supreme Court Threat https://t.co/X61nWmT43O
Supreme Court Clears the Way for a Wealth Tax Because Obamacare Was Not a Tax https://t.co/vj5cFAiUxV
Taxing billionaires on unrealised capital gains is wrongheaded. It is also unnecessary. A similar end could be met with much less controversial means https://t.co/XbfsDp6lMh 👇
From @WSJopinion: The Supreme Court majority in Moore v. U.S. has invited tax mischief it will have to clean up in the future https://t.co/hDl85MrQR2
The Supreme Court neither opened the door for taxing unrealized gains nor slammed it shut. But the concept should be rejected on the merits. https://t.co/Uk4vDqLa2M
“This is a narrow decision,” Joe Bishop-Henchman, the vice president of the National Taxpayers Union, which opposes wealth tax proposals, said in a statement on Thursday. But, he added, “the court makes clear it is not opening the door to a wealth tax.” https://t.co/ssuGIoOoqM
“The court makes clear it is not opening the door to a wealth tax, which would still face constitutional problems as a tax on property,” said Joe Bishop-Henchman of the National Taxpayers Union. https://t.co/XBKlXgimtj
Nearly all Supreme Court justices now oppose a wealth tax. https://t.co/l7GXL0GFYp
My big takeaway from Moore v. US at SCOTUS: "In short, the Moores lost, but, on the issue the Wall Street Journal editorial board was most concerned about — a hypothetical wealth tax — the editorial board all but explicitly won." https://t.co/WaqJEqalo2
An obscure Supreme Court ruling has everyone talking about a wealth tax again. @StepCarter explains why https://t.co/qnv5i8jPR6 via @opinion
The justices chose not to upend the tax system in a much anticipated ruling Thursday, but at least four justices seemed to signal that they would shoot down proposals to tax wealth. https://t.co/oaZe5PcIY9
However the justices might ultimately rule, it doesn’t change the fact that the idea of taxing unrealized gains is a bad one that should be rejected on the merits. @NRO on the terrible idea of tax estimated net worth https://t.co/q1xUfnLxOG
An obscure Supreme Court ruling has everyone talking about a wealth tax again. @StepCarter explains why https://t.co/gMFdlXeuUz
“Justice Brett Kavanaugh’s majority opinion in Moore, which was joined by Chief Justice John Roberts and all three of the Court’s Democratic appointees, claims that it leaves the question of whether wealth taxes are constitutional unresolved. The opinion even includes a footnote…