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So Glad We Got Those “Stimulus” Checks
Average American Paying $5,200 Per Year More for Essentials
Another Trojan Horse
Remember, the Left loves to use the tried’n’true technique of naming things in a way to cover up what they truly are and open a line of political attacks if you oppose them. So a government takeover of healthcare is called the Affordable Care Act. A communist extortion organization is called Black Lives Matter. What, do you oppose affordable healthcare and think black lives don’t matter?! A law which prevents teachers from discussing sex with kindergarteners is branded the “Don’t Say Gay” bill. What, are you a bigot who believes it should be illegal to discuss homosexuality?! As long as they have a corrupt media & Thought Police tech companies to cover up the bullshit, they can easily bury what things truly are.
The latest is Biden’s “Billionaire Tax” proposal. Don’t look at the details! Just pass it–what, do you support protecting billionaires and preventing them from paying taxes?! This is nothing more than a trojan horse for the introduction of a wealth tax system on all Americans. In other words, in addition to taxing the income you take in for the year, you will have to fill out an additional return that taxes a percentage of your accumulated assets. That means, your house, cars, collectibles, cryptocurrency, bank accounts, and even your supposedly tax-sheltered retirement accounts will all have to be tallied so the government can steal a percentage every year. In addition to the theft of more of your money, imagine the complexity! We already have a wealth tax–it’s called the inheritance tax. Think of the crap we have to go through with an estate when a person dies. Lawyers, accountants, and courts must get involved to sort out the giant mess. Appraisals must be ordered since assets like real estate don’t have an easily defined value. Imagine that kind of mess EVERY YEAR!
This bill is such a farce in so many ways. It’s supposed to raise $360 billion over 10 years, from billionaires, but they’ve already lowered the threshold into the millionaires category without even writing the final bill. As always, the final bill will be 2500+ pages of legalese that buries a bunch of loopholes for political cronies while implementing procedures to hit the middle class in the future, usually immediately after a major election. And even if loopholes didn’t exist for the megarich, they would simply shift wealth offshore or use lawyers & accountants to structure their assets to minimize the tax they pay.
For argument sake, say by some miracle billionaires actually did pay $360 billion more through this tax over 10 years. That amount is less than 10 percent of what the feds blew just on Covid crap, and it only covers about 6 percent of the federal spending for one year!
This bill is a farce, a political stunt, but most of all, yet another way to siphon off more of your hard-earned money. You will own nothing and be happy! Where have I heard that before? 🤔
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Other Links That May Interest You
Details of Biden’s New ‘Billionaire’ Tax Don’t Match the Name – Spencer Brown
75 Types of Taxes You Pay the Government
Pros and Cons of a Wealth Tax
10 Reasons Why Raising Tax Rates Decrease Total Revenue (and Vice Versa)