President Joe Biden’s $2 trillion spending package is still being stalled while the Democrat leadership is hoping to finalize a proposal on a new annual tax on billionaires’ unrealized capital gains, Democratic leadership has announced.
“We probably will have a wealth tax,” House Speaker Nancy Pelosi (D-CA) was sober enough on Sunday to confirm on CNN.
That is the dumbest idea the Democrats could come up with at this time, and that’s really saying something because the Democrats have come up with some really stupid ideas so far.
The proposal is right now being reviewed by Senate Finance Committee Chairman Ron Wyden (D-OR). It will impose an annual tax on unrealized capital gains on liquid assets held by billionaires, Treasury Secretary Janet Yellen said.
“I wouldn’t call that a wealth tax, but it would help get at capital gains, which are an extraordinarily large part of the incomes of the wealthiest individuals and right now escape taxation until they’re realized,” Yellen said on CNN.
Here’s the problem that these dopey leftists don’t seem to grasp. If you have to pay taxes on capital gains earnings that you haven’t yet realized, meaning, you have not cashed that money in and moved it to your bank account, that’s money you haven’t yet gotten your hands on to spend how you like. It’s not in your physical wallet. It’s tied up in an investment or a series of investments. Many people take their capital gains and invest it again and again.
A move like this will have rich people pulling their investments out of the markets and invest their money somewhere else where the idiotic Democrat tax theft doesn’t apply like real estate or tax-free municipal bonds the way the Kennedys always did. And if the dopey Left thinks that’s just fine because it will only harm rich corporations, think again, dumb dumbs. Middle-class and working-class Americans have retirement accounts like 401k’s from their employers and they invest in the same stocks and bonds that the rich people invest in. If a wave of rich people suddenly pulls all of their money out of stocks, the value of the stocks will go down. Working people don’t have the luxury to shift their investments into the same products that rich people can, and so they will be stuck with failing retirement accounts all because Marxist Democrats had to satiate their lust for power by spending as much money as they can get their hands on to buy votes in a quid pro quo of social programs for votes.
The Wall Street Journal tells us that this will only affect less that 1,000 people who make up the wealthiest among us. But if you read the history of the income tax, the progressives back then told us that it would only affect people who made at least $1 million a year and it would only be for 1% of their income. Starting almost immediately, through a series of changes to the income tax law year after year, the threshold amount of income was continually lowered and the tax rate percentage was raised until now everyone pays an income tax at a rate that should have started another Boston Tea Party incident.
Pelosi bragged that the investment-killing tax plan could very well be introduced as early as Monday, October 25.
The Democrats are also looking at a 15% corporate minimum tax that will force corporations to pay what the Democrats say would be their “fair share” in order to end corporations paying zero taxes.
“I think we’re pretty much there,” Pelosi said of the package, adding that some “last decisions” still need to be finalized.
The Democrat $3.5 trillion spending bill was slashed to $2 trillion by moderate Democrats with Senators Joe Manchin (D-WV) and Kyrsten Sinema (D-AR) leading them, as if $2 trillion is a lot better than $3.5 trillion. It’s still money we don’t have, which is why it’s the height is chutzpah for Joe Biden and his mouthpiece White House press secretary Jen Psaki to say that the multi-trillion dollar bill will cost zero dollars. And we have millions of people stupid enough who believe it.
The negotiating is still going on because Manchin has been indicating that he is willing to vote for a bill that comes to $1.75 trillion. He had better hire a food taster because the progressives can’t wait to get rid of him.
Sunday morning, Biden and Senate Majority Leader Chuck Schumer (D-NY) met with Manchin at Biden’s Delaware home hoping to smoothe out the final issues holding up the package.
The White House described the talks as a “productive discussion,” but no agreed-upon decisions were forthcoming. That means they haven’t started torturing him yet in that little soundproof room in Biden’s basement.
[ JOIN US ] I get paid more than $90 to $100 per hour for working online. I heard about this job 3 months ago and after joining this I have earned easily $10k from this without having online working skills . Simply give it a shot on the accompanying site… Here’s what I do…………>>> http://Www.NETCASH1.Com
I quit working at shoprite and now I make $65-85 per/h. How? I’m working online! My work didn’t exactly make me happy so I decided to take a chance on something new… after 4 years it was so hard to quit my day job but now I couldn’t be happier.
Here’s what I do…>>> http://www.Cashapp3.com
Hey Guys, I just started this 4 weeks ago. I’ve got my FIRST check total of $1350, pretty cool. I wish you tried it. You don’t need to invest anything. Only click/open a new page /and check jobs …… http://www.Newapp1.com
I am making a good salary from home $6580-$7065/week , which is amazing under a year ago I was jobless in a horrible economy. I thank God every day I was blessed with these instructions and now it’s my duty to pay it forward and share it with Everyone,
Here is I started.…………… http://Www.Self25.com
I am now making extra $19k or more every month from home by doing very simple and easy job online from home. I have received exactly $20845 last month from this home job. Join now this job and start making extra cash online by follow instruction on the given website…….. http://Www.SmartPay1.Com
[ JOIN US ] I get paid more than $90 to $100 per hour for working online. I heard about this job 3 months ago and after joining this I have earned easily $10k from this without having online working skills . Simply give it a shot on the accompanying site… Here’s what I do…………>>> http://Www.NETCASH1.Com
My last pay check was $9500 working 12 hours a week online. My sisters friend has been averaging 15k for months now and she works about 20 hours a week. I can’t believe how easy it was once I tried it out. This is what I do…….. http://WWW.Jump80.com
Google is presently paying $10447 to $13025 every month for working on the web from home. I have joined this activity 2 months back and I have earned $15248 in my first month from this activity. I can say my life is improved totally! Look at it what I do….>> http://WWW.JOBNEWS1.COM
Surprising! I’ve been making 85 Dollars an hour since I started freelance on the Internet six months ago. I work long hours a day from home and do the basic work that I get from the business I met online. share this work for you opportunity This is definitely the best job I have ever donego to this link……… http://Www.NetJob1.com
My last pay test was $9500 operating 12 hours per week on line. my sisters buddy has been averaging 15k for months now and she works approximately 20 hours every week. i can not accept as true with how easy it become as soon as i tried it out. This is what do,…………………………….. http://Www.Pays11.com
RAPE, PILLAGE, PLUNDER; AMERICA YOU’VE BEEN HAD!
NOTE: First, my thanks to President Trump for his role in exposing the entire military/industrial/political/deep state complex and the swamp they employ; and last my thanks to Little Joe, Crying Chuck, Loony Nancy, and so many others in the swamp. Special thanks to each of you for reinforcing my lessons learned throughout your years in politics. Oh, Little Joe, do you remember the time we listed you, Billy Clinton, and a whole gaggle of politicians as subjects in that international drug trade investigation? Hint, it was during your first term in the Senate. Why don’t you impress the folks by explaining the term, ‘Green Lining?’
Soldier/Cop/Mercenary, Retired
President Trump’s remarks/actions since entering politics and this article reinforces the confession/lessons learned first presented in 1989 (most presented in 1989, rest added during President Obama’s last two years in office) to the citizens of this old soldier/cop/mercenary’s community while serving as their police chief.
Soldier/Cop/Mercenary, Retired
A Soldier/Cop/Mercenary’s Confession/Lessons Learned
1. Soldiers (ground combat soldiers, that is) do not fight first and foremost for their country, the flag, motherhood, girls back home, nor apple pie! Before all else, soldiers engaged in ground combat fight for their fellow soldiers and their unit. Why? Because in every war/police action/whatever including WWII the strategies and tactics adopted by mostly incompetent/corrupt military and civilian managers (notice I said managers not leaders) were/are designed to maximize the profits of the military/industrial/political complex with little regard for the those personnel charged with employing the same. In short, the American soldier has been/is nothing more than a “mercenary” since 1969 with the creation of the “All Volunteer Army (VOLAR)”.
2. The Seven C’s of Leadership according to a survey of 1646 Vietnam era ground combat veterans listed of the order of their importance (according to the vets) are; Candor, Competence, Consistency, Commitment, Courage, Compassion, and Courtesy. The reason the soldiers in the survey chose the word “candor” is because to them candor encompasses both omission and co-mission. To a combat soldier lack of absolute candor, be it co-mission or omission, are equal sins! In short, soldiers expect/demand absolute candor from their leaders before all else. Note: The democrats have proven they are masters of co-mission, while republicans have proven they are masters of omission!
3. The American people are the most effectively lied to people in modern times thanks primarily to politicians, bureaucrats, academicians, and the media.
4. Arrogance plus ignorance equals stupidity (A + I = S).
5. The greatest threats to the American people are the corrupt and/or incompetent politicians/bureaucrats/academicians found at every level of government/academia, and the majority of the American so-called media.
6. The American Profession of Arms and our brothers/sisters in the Blue have failed to protect the American people from all of their enemies, both foreign and ‘most especially’ domestic.
7. There are only two primary requirements to be a career soldier and/or cop in America. One must be smart enough to do the work and dumb enough to take the job.
8. American soldiers and police officers must in addition to mastering all of their professionally mandated tasks learn to accomplish the same with at least one arm tied behind their backs and their vision impaired 50% or more.
9. Far too many of the politicians, bureaucrats, academicians, and media types I have encountered during my years as a soldier/cop/mercenary I most kindly refer to as; self-serving, witless, cowards. Note: I originally referred to the aforementioned folks as; “Self-serving, witless, cowardly, pissants!” After retiring to the deep woods I dropped pissants once becoming acquainted with the little guys; in that I learned pissants are not self-serving nor witless, and certainly not cowards!
10. After carefully watching the whole of the political class since May of 1960, I can say without reservation that most of the group will sell their souls and our bodies just to remain in power.
11. Want to see what the United States of America will look like if the left takes control of the government? Take your pick: New York City, Baltimore, Chicago, Seattle, San Francisco, Los Angeles, or the complete packages; California, New York, Illinois, etc, etc, etc…..
12. If the so-called Progressive movement continues unchecked a number of able veterans are going to be presented with a challenge/decision. Are the American people worth another drop of our sweat and/or our blood?
13. The end goal of the elites and their minions is not (nor ever has been) socialism, communism, or capitalism. The elites of world have used all manner of ideologies, religions, terrorism, brute force, etc. to drive the masses/peasants/serfs/whatever in one direction. That direction leads to one of the oldest forms of human control ever employed in the history of mankind. That form of human control is, Feudalism!
Soldier/Cop/Mercenary, Retired
Google is by and by paying $27485 to $29658 consistently for taking a shot at the web from home. I have joined this action 2 months back and I have earned $31547 in my first month from this action. Take a gander at it what I do…..This Website OPEN HERE———–>>> http://Www.Self25.com
[ JOIN US ] I get paid more than $90 to $100 per hour for working online. I heard about this job 3 months ago and after joining this I have earned easily $10k from this without having online working skills . Simply give it a shot on the accompanying site… Here’s what I do…………>>> http://Www.NETCASH1.Com
I am creating an honest wage from home 1900 Dollars/week , that is wonderful, below a year ago I used to be unemployed during an atrocious economy. convey God on a daily basis. I used to be endowed with these directions and currently it’s my duty to pay it forward and share it with everybody, Here is where I started…..>>>>http://www.smartcash1.com
[ Work at Home ] I get paid more than $90 to $100 per hour for working online. I heard about this job 3 months ago and after joining this I have earned easily $10k from this without having online working skills . Simply give it a shot on the accompanying site… Here is I started.…………>> http://Www.NETCASH1.Com
I am making a good salary from home $1300-$2600/week , which is amazing, under a year back I was jobless in a horrible economy. I thank God every day I was blessed with these instructions and ADq now it’s my duty to pay it forward and share it with Everyone,
Here is what I do…. …………….. http://Www.Self25.com
My buddy makes $seventy five to six/hour at the web. She has been without a task for a very long time anyway remaining month her compensation have become 7,000 truly working at the web for certain hours. For MOre DEtails……………http://www.jobapp3.com
I started making $ 155 / hour in my spare time doing tasks with my laptop that I got from this company I stumbled upon online… Check it out and start earning yourself. I can say that my life has completely improved! Take a look at what I’m doing… ..For more details, visit the given link …… .. >>> http://Www.SmartPay1.Com
Stay at home mom Kelly Richards from New York after resigning from her full time job managed to average from $16000-$18000 a month from freelancing at home…This is how she did it……… http://www.Newapp1.com