Think about the logical insanity of this position for a moment…. According to the Biden administration the economy is in trouble, people are struggling, and congress needs to spend trillions to bail out state, local and federal governments along with sending income subsidies to all Americans as the economic crisis around COVID continues.
Due to policies on energy, regulation and the COVID virus, simultaneously food prices are going higher, fuel prices are up 30 percent, overall energy prices are rising, transportation costs increasing and the inflationary impact on the middle-class is eating up their limited paychecks.
AT THIS EXACT MOMENT the same administration is now proposing a tax increase.
THINK ABOUT THE LACK OF LOGIC HERE.
(VIA AXIOS) […] The biggest-ticket item would raise the corporate rate from 21% to 28%. That’s worth $730 billion over 10 years, according to the Tax Policy Center. The other three would:
- Impose a global minimum tax on profits from foreign subsidiaries: $550 billion.
- Tax capital gains as regular income for the wealthy and tax unrealized capital gains at death: $370 billion.
- Return the top individual rate for those making more than $400,000 to the pre-Trump rate of 39.6%: $110 billion.
[..] Democrats close to the White House don’t expect Biden to fight as hard for other expected proposals, including one that could raise some $740 billion by imposing new Social Security taxes on the wealthy.
-
- His campaign plan to impose a 28% minimum rate on the wealthy, which would raise $220 billion, is unlikely to cross the finish line.
- And making it harder for small businesses to claim deductions, which would bring in $140 billion, will likely encounter serious roadblocks.
- Changing the ways estates are taxed, which would raise $220 billion, may not make it into the final legislation. (read more)
Watch him give special tax break for plastic surgery and hospice care.
“C’mon man” – tax breaks will only be applicable to blacks, ANTIFA members, teachers’ unions, illegal aliens, Democrats and those not sure if they should stand or sit to pi$$…………………
The rest of us don’t count.
It’s why I’ve been selling my stocks slowly and raising cash.
The problem with that is when our Weimar Repulic starts printing unabated the value of your cash is is wiped out.
Good to have real assets.
Good to not have whatever it is in Stock Market related anything.
Those who understand “Shorts”. Shorts are a good position to be as it relates to the Dow Jones, as well as other Market indices.
Why would they pay out shorts.
You don’t buy “shorts” You sell shorts and buy out your position and a later date. It is the same as buying and selling in reverse.
Cash may not be worth much the way this administration is going. Start making survival plans that do not require much $$$ with your friends and family.
It’s expensive now but there is one item which will always hold value and that’s ammo. If made illegal it will go up exponentially. I certainly don’t see it getting any cheaper any time soon. Even if you don’t own the gun for the type still may be a good way to hedge. And if called upon it can do a lot more than silver, gold, or Bitcoin. That’s why Bitcoin doesn’t impress me much. It’s cool that the Central banks can’t manipulate it but there comes a point that if the dollar breaks farmers quit farming and supplies quit being supplied.
This is what I learned from GameStop; well not GSE per say but Silver the redditors went after. The banks of the world have been working in unison to try and keep our nations currency’s stable. They do this when money is printed in excess by shorting commodities and precious metals along with rigging the supply chain.
I am not saying this is bad but our dollar must carry confidence or the illusion thereof that it has intrinsic value. If commodities/metals sky rocket as they would’ve in a free market it means the dollar plunges. And that could start quite a scenario a discussion for another time. And therein lies the problem with crypto currencies mainly Bitcoin.
The govts probably could make it go bust tho and they will if it gets out of control. If they all get together and say they are going to outlaw it would create quite a run. The reason they haven’t IMHO is they are scared of uniting the peasants of the world or anyone not in the Big Club. This is what they fear most. It’s nice to know they have fears of their own. Especially since that’s their primary weapon against us peons……that’s my take.
Smokes, ammo and booze make great barter items
How do u make ammo..
Give the secret away
Well, you could start with primers.
https://aardvarkreloading.com/aaprimers.html
Inflation is such a lie and people aren’t angry about it because they don’t understand it.
“Prices” aren’t rising. The value of the dollar is dropping as borrowing leads to the creation of more dollars. The value of gold isn’t going up. It’s funny because we all know what has hilariously happened in other countries where near the end, their wallets looked more like wheel barrows. We used to laugh at this because we believed none of that would happen to us. It’s happening to us.
The value of most of our goods today is actually lower than it was decades ago and earlier. Because of technology, everything requires less of every kind of resource in terms of cost. Lower materials, lower labor, lower distribution, lower everything. But you say “that doesn’t make sense because everything is more expensive!”
That’s because you’re looking through the wrong end of the binoculars. When you look at the things you want to buy through binoculars, you see “really big stuff!” But when you step around to the front of the binoculars pointing at the money you can buy stuff with, you see the dollars have actually become VERY VERY small and the stuff? It’s the same size it has ever been and if anything, it has become smaller!
You have to look at all currencies globally, the dollar is up compared to the rest and remember, we are the world reserve currency which means there are more dollars held outside of our own country.
the IMF and China for years have been pushing SDR’s (Special Drawing Rights). But right now no country wants or take a chance but that will eventually change.
This is why you see the One Belt Road initiative with China, they are doing exactly what we have done over the years. There putting their money into emerging markets which will eventually kill the dollars grip.
China won’t be a labor force soon. You must crush a country that is use to working. It won’t be
Years ago, I used to ask people that when even the employees buy the products they sale from China their own paychecks go to China, who do you think wins?
China is Booming and our Politician’s have sold us out along with the Multinationals.
Revolutions are never planned, they happen organically only when more than half the country has had enough.
Well, I think it won’t be long, Trickledown takes time and the floodgates are open especially at the speed the sellouts are moving.
One man in front of a tank ends this.
The delay is simply which man is fed up enough to do it.
Yeah, like those 5.5 oz cans of tuna.
Don’t eat tuna myself, but yeah they are a good example.
For myself I prefer the “half gallon” of ice cream that is now 1.5 quarts. Or the 5 lb bag of sugar that is now only 4 lbs. Or …
Actually, as the dollar collapses, the share value of multinationals on the NYSE will increase.
This is aside of other factors that may independently depress or increase share value.
But it won’t help you much when a loaf of bread costs $50.
All of these hare-brained Obama II policies are intended to undo all the Heartland recovery Trump engineered; to destroy Main Street while enriching Wall Street.
Then comes the real revolt. Invest in lead.
Yeah…. I’ve been thinking that until I start really pulling out my 401Ks, the multinationals are where the action will be… mostly one of hedging.
We made good money on Main Street with Trump… but with the commies and cheaters today, Wall Street will be a reasonable hedge.
It’s not hare brained. This is intentional. The results are extremely well understood. The plandemic was intended to do exactly what it has been used for as well. They are evil, not stupid. Democrats are responsible for ALL of the harm coming to black people in the US. When they found they were losing on the issue of suppressing black people, they flipped and exaggerated their support for civil rights and soon had changed welfare laws in order to destroy the family. (No fathers allowed!)
They know precisely what they are doing. To think it’s because they are stupid (and we are smart!) is even more dangerous because we will continue supporting and engaging in the RvD sham. The uniparty controls you as long as you keep playing their game.
Don’t do that, have to stay above inflation rate. Cash is and will be worthless.
Lol,
Yeah stay in the market so you have two things instead of just one thing worthless.
Convert cash to what? Help us
I keep reading about folks investing in precious metals (silver, gold) or cryptocurrencies (like Bitcoin) but I don’t get crypto at all (cyber currency backed by what exactly?).
I concur on bitcoin. To me it is trading in virtual tulip bulbs. Which isn’t to say nobody will make money at it, but do you really want to take the chance?
I do sort of get the “logic”: if you are willing to trust US fiat currency (which is nothing but faith in the US government) why not an equally nothing currency but one that is backed by the people “mining” it and holding it? I’m even willing to grant that given a sufficiently large number of people holding a sufficiently large quantity of exchangeable crypto, the system could work. The problem is getting to there from here. The overlooked part there is that until the 1930s the US backed dollars with real gold and silver and THAT was how trust in the dollar was built.
Same rules as they use to teach for investing in the markets when they weren’t completely broken: diversify your portfolio. Gold will always hold some value. Same with Silver, or platinum if you can afford it. Maybe take a chance on some sort of bitcoin, but go in knowing it is a crap shoot. And leave some in stocks and bonds. If the worst doesn’t happen they’ll recover well, assuming you live long enough (I believe even the Great Depression was overcome within 25 years). If you think you can hold it, real estate. And as others have noted, depending on how bad you think it will get and what you personally will be willing to do when the time comes, lead and non-hybrid seed.
Make sure you have small bills.. 100’s are nice, but harder to break. Ones, Fives and Tens..Keep your coins too
Bills will be good for maybe 3 years. Coins last at least 22. But I suppose after 3 years it won’t matter anymore anyway.
Sundance, even your typos are perfect…who raises “takes”.. That’s exactly what they are doing raising their “Takes”.
Takes with no representation
Unlike President Trump, Viagra JoeBama needs stimulus to keep the Markets erect.
These people skipped economics 101.
LOL! No, they flunked it. 😎
Not the sharpest tools in the shed are they?
Who’s advising this guy? Lol
Marxist bastard!
Obama was a Biden . But I get us using him as a description of the evil controlling from 08-16
It was just a matter of time before that snake GOPe Rubio started leaking Democrat fluids all over himself!!!!
https://www.breitbart.com/politics/2021/03/30/democrat-representative-asks-biden-bring-immigrant-children-florida/
We don’t want any more illegals. We still have Cubans, Jamaicans, Bahamian and Haitians reaching our shores. Then add hundreds of Blue State refugees…
…on top of that, they expect our successes to bail out the bankrupt blue states?
It’s like we’re being punished for being good and successful.
You’re being punished for not being a blue state (yet). At the same time Liddle Marco gets to virtue signal.
“Think about the logical insanity of this position for a moment…. ”
Think about the illogical insanity of this position for a moment….
Clown cars are full of clowns. This can’t be sheer stupidity, it is intentional.
Ellis Wyatt: I agree. Fully intentional. The commies / globalists / new world order / global reset crowd need to knock down incentives to get ahead, because the people who get ahead make everyone else look bad. Also, the people who want to get ahead think too much and this cannot be allowed. Plus, theft and coercion is fun, especially when you’re doing the theiving and coercing.
“food prices are going higher”
I just noticed today that a grocery item that cost $10 last month cost $11 this month. Two months ago, it was $9. There is also “shrinkflation” where the amount of an item is decreased while the price remains the same.
I just hope that the long overdue economic crash which has only been prevented ever since the crash of the sub-prime housing fraud bubble via near zero Fed interest rates which have now blown an “everything bubble” (and is why a stock market reaches record highs during a national shutdown & pandemic) happens during the Dementia Joe or BJ Harris regime. Their policies will help to make that happen.
Started seeing that before President Trump, smaller package more $$’s
the Capital is going to need taller fences.
Also, the Markets have been going up because of Capital flows, Europe is in dire straits so the smart money has been buying every dip.
If they raise these taxes, stand by…
Does anyone see the divergence between the Dow and the rest?
Dow is international, that should tell you all need to know on our domestic economy.
Yep, the dollar is the “least dirty shirt in the laundry hamper” of fiat currencies and will be for the foreseeable future. It faces no serious challenge as the world’s reserve currency… yet.
However, when the Fed lowers rates (effectively the “price of money”) as it has to non-market-determined artificial rates hovering near zero ever since the 2008 crash, that leads to massive deficit spending by the fedgov because they’re politicians who always promise more than they can pay for with tax receipts.
The interest on our national debt was $532 BILLION in 2020, about 1/4 of the total tax receipts of $2.1 trillion. The Fed doesn’t dare raise rates because that would cause those debt payments on the accumulated debt to move even higher, but it’s their loose money policy that’s causing the grossly inflated markets (along with the influx of foreign money) and the profligate fegov deficit spending. They’re TRAPPED and it is their and the UniParty’s fault. They’re blowing the Mother of All Bubbles and bubbles always eventually burst. Always.
This is so true this comment from the Fed Gov, although nothing will come of it.
Federal Reserve Governor Christopher Waller spoke critically of the government for increasing the deficit, stating that the Fed’s decision to maintain interest rates is not a signal for the government to add to the deficit. “Monetary policy has not and will not be conducted for these purposes,” Waller stated, “It is simply wrong.” Government debt has surpassed $4.5 trillion, almost a 20% increase, since the pandemic began in March of last year. Estimates from the Congressional Budget Office stated that debt would fall to $2.3 trillion in 2021 but failed to include the recent $1.9 trillion stimulus package. Waller added that Congress is fully aware that the Federal Reserve was created to be independent of government as it could be subject to misuse for political purposes.
It means we are bailing their A$$es out!!!
The swamp offers a variety of people who can speak critically and send strongly worded letters.
That we have plenty.
Let’s not laugh at Venezuela and Argentina anymore.
If not for the reserve currency status of the US dollar….
Looks like an election night vote chart spike.
WOWSERS!
Yes, I KNEW removing the debt ceiling was one of the DUMBEST things the politicians have done (and that’s saying something), but I hadn’t actually seen a visual of it until today.
“the Capital is going to need taller fences”
And you’ve found the actual reason for the sustained military presence there.
Saw that on day one when they installed the NG.
we live in a police state and it’s only getting worse as we all can plainly see.
I’ve been thinking about what we should do about the sustained military presence at the Capital. Who gave Nancy Pelosi the right to shut down anything atall, let alone the Capital? We need to deal with her. We are the side with the guns and ammo. The left seems to forget that, when they are fomenting hate and insurrection!
The DemocRATS believe that you won’t take to the streets armed.But I don’t see any alternative.They are coming for YOUR guns and to hell with 2A…….
Oh the smaller packages has been going on for a LONG time. I trace it back to Clinton, but that may be because when Carter was in office it was my mother who was buying groceries not me. 🙂
I’ve been noticing the same thing at the store. I think inflation may surprise some people over the next year or two.
When you hate your spouse, run up the credit card.
When you hate your country, increase taxes and spend it on your buddies.
The last thing to happen before Society crashes is the Treasury is raided.
Here we go …
The sick evil jobama giveth and taketh away……………….. stupid is as stupid does !!
They are not stupid, though they are fine with you thinking they are.
They are intentional.
Intentionally following the playbook of Karl Marx, Herbert Marcuse, Cloward & Piven, Saul Alinsky.
Minimum wage in the NBA 898k LMAO
Living the Nightmare – Day 70. It’s all about survival now.
BTW – I’ll check in on Day 100 and see then how many wish Jan. 6 was a real insurrection.
It’s never too late to make the insurrection real.
AS IN THE ROMANIA AROUND X-MAS 1989…???????
“Return the top individual rate for those making more the $400,000 to pre-Trump rate of 39.6%”
I bet it won’t stop there, everyone will pay a higher rate, and receive a lower standardized deduction.
I bet taxing Roth IRAs probably won’t be too far behind.
Its on the play list.
Someone relatively well known in the investment or financial pundit community recently said, tongue in cheek, “Why bother to collect taxes at all?”
Why he said that:
2020 Federal tax receipts – $2.13 trillion
2020 Federal spending – $6.55 trillion
“COVID” relief bill – $1.9 trillion, nearly the entire tax receipts last year. Now, a $4 trillion dollar (boondoggle) “infrastructure bill”?
Interest on national debt in 2020: $522,767,299,265.34 = $523 BILLION dollars.
The “Biden-HARRIS administration” & another $4 TRILLION injected into US economy
taxes from citizens have NEVER paid the bills for the fed.
the fed pays their bills by selling its debt to foreign investors AND to private domestic investors.
some people don’t understand this and how the sausage is made:
china is second to japan in holding US debt assets!
yes, that’s right, japan is the number on debt owner for US debt, NOT china.
but can you guess which country HOLDS THE MOST US DEBT ASSETS?
(sound of jeopardy)
78 percent of ALL US DEBT IS OWNED BY US PRIVATE INVESTORS.
and when I say private investors, I am referring to technocrat, walls street, and commercial banks.
and no, you can only own the treasury bills…not even the same thing.
taxes on citizens don’t even turn on the lights.
taxes on citizens is about control. It’s an old archaic hold over to a time when it was the primary means for the US fed to operate.
that ALL changed in 1913 when the federal reserve bank was established.
and later more profoundly when central banks became the means to control the value of money and for the creation of the private wealth class.
ONE OF THE REASONS, the radical corruptors advocate for socialism, communism, is to legitimize what they have always been doing.
it’s been like carrying two books…the one you present to the public..and the one you keep in the back room where the real money is made.
the book presented to the public is simply too complex to continue the fraud.
It’s like the most obvious fraud in our country…and yet, few people actually understand their taxes have never paid for anything….it never could satisfy the private wealth class. It never will.
how much money from citizens would be required to balance the debt if we had to pay it tomorrow.?
there are approx 325 million people LIVING in the US. But only 143 (approx) actually pay taxes.
the total us debt is about 21 trillion (to provide perspective the us debt when I graduated HS, 1982, was 1.1 trillion! a near 20 fold increase.)
21 trillion / 143 million =
wait for it.
147, 000.00 US dollars.
Given that about 20 percent of taxpayers pay virtually zero taxes, it actually more accurate to say
only about 110 million citizens actually pay taxes.
so really it’s alot more than 147K!
191,000.00 US Dollars PER TAXPAYER.
and that is ONLY to clear the debt. to make it zero.
and trust me when I say this, keep every single nickle you earn…find lawful tax minimization schemes and use them.
don’t break the law. But there are hundreds of ways to decrease your tax exposure…..
the new taxes suggested by biden are going to cripple many people. Don’t get left behind.
What I have done for my family and neighbors is hired a financial advsior who specializes in tax minimization schemes. Usually these attorney’s do not get involved in individuals where net worths are less than a few million. So if you can bring them MANY customers they are willing to operate.
We have an attorney in the state who year after year creates lawful tax minimization vehicles for these families that save them hundreds of thousands of dollars….the fee is about 20 percent of that.
The taxes I’d like to see are very high ones on university endowments (looking at you, Harvard and Yale), and on private “charitable” foundations (Gates, Soros). Never see these supposed tax fairness dems propose taxing these kind of entities.
Americans need to understand that the federal government has seceded from the Union, stole the election, nulled your voice, confiscated your work and violated your worship.
The federal government will not stop until they end the republic then create parliamentary governance to remove our Bill of rights.
That’s the truth.
As the sheep sit passive in the frying pan while they are being cooked.
Or I should say goose. Cooked goose.
A relevant article appeared 10 yrs ago. It was prophetic.
Laff It Up, Tax Lovers
https://www.americanthinker.com/articles/2010/04/laff_it_up_tax_lovers.html
To maximize revenue and keep up with spending, Govt would have to double the tax on earned income and reduce the corporate tax. We’ve run out of other people’s money.
This is still part of the roll back to pre-election 2016. Anything and everything that President Trump did to “encourage” return of cash and capital to the US is being undone, by driving up taxes and especially to add cost to production of goods and services on-shore to make them non-competitive. This all before even looking at undoing the trade agreements.
Re-gutting of the US middle class is in progress to re-initiate the growth of the “wage gap”.
Commercial businesses do NOT pay taxes, as taxes are part of costs paid by consumers for the goods and services provided by businesses. 75-90% of the wealth held by the “evil rich” is investments, so they take their money off shore or if the evil rich person is a “business owner” see comment above. ALL those taxes are paid by consumers in the form of inflation.
When the evil rich move their investments off shore, the consumer looses their job or has to accept being a burger flipper as the pinnacle of their career.
Is Biden taxing companies leaving? Good thing to see that exposes his plan.
Bribe for…..
That would do no good.
First and foremost…there were NO punishments dished out 2009-2017 by Comrade Obama.
Second, a simple overseas partner or subsidiary is all that is needed. That is what export licensing of ALL types and corresponding off-set agreements are all about. The State Department is back in business again, able to pick up where they left off in January 2017….allowing US Companies and Banks to move; capital, technology, know how, et al off shore with the protection of the US Courts.
China Inc. stole very little Intellectual Property. It was transferred legally via Export Licenses, while Off-set agreements put China Inc. on corporate boards and allowed set up of China Inc. owned businesses using the technology shipped off-shore. All that is needed now is rebirth of NAFTA and rejoining TPP to finish the roll back.
It all makes sense when you realize these human scum are all on the China payroll and their objective is to harm America while enriching themselves.
I have said on here a few times in the past that China will be the financial capital of the world. They followed our methods are are turning inwards to create a domestic economy just like we did.
Their Bonds are running at 3%.
I’m not saying this because I love China, I don’t. But we all need to understand why these politicians are selling us out.
Poor Sundance. It must be dismal having to report on all the bad news we’ve had lately . . .
Come on, the Dems won’t raise taxes on Google. In the end, the taxes won’t happen as they are just put on the backend of projections to make them look more balanced. Spend now and pay later.
They will punish evil commercial businesses by punching the consumer in the face with taxes on those businesses. Most people just flat DO NOT realize buisnesses DO NOT pay taxes. Taxes are rolled into cost of goods and services sold by the business…so we the consumer pay those taxes via higher costs and lost jobs.
Corporate taxes are to ensure secret empires overseas get the business.
When you consider that one of His Fraudulency II goals is to help China and hurt the USA, it then makes perfect sense to further destroy our economy.
Raising taxes and WPIX removes The Honeymooners from their broadcast schedule.
What else can go wrong?!!
Cloward Piven at its finest. Destroy the economy to usher in Marxist nirvana.
On target, USMCLt. That is precisely what is going on.
While the in-the-dark majority scratch their heads over what is going on it doesn’t make sense, our domestic communists are full bore on, successfully implementing their intentionally destructive agenda upon the late great United States.
We can’t blame Biden on anything. He can’t speak, can’t think and stairs are problematic.
He doesn’t know WTF he’s doing.
..OR HE JUST PRETEND AND DO NOT WANT END UP IN THE …GIT……
Any republican voting for any tax increase should be primaried.
Is that what they call it now, primaried?
In better times we called it tar and feathering.
Vote wrong – better not come back home.
All Republicans need to be defeated.
Raising taxes and inventing new ones is what Dems do. They are set on reeming us out like a stolen car. Just look at any Dem city. It’s what they do
” fuel prices are up 30 percent”
Are you sure that’s not 50% ?
Complete incompetence…. or, evil agenda?
Can we all pray hard enough to get Trump back?
There is going to be a lot of “Seeing” and “Feeling” over the next several months. This will make middleclass Libtards start nervously paying attention. One has to remember Libtards are a societal luxury as a result of Capitalism.
Just a transfer of money. ?
Someone needs to send Joe and Hunter a tax bill for $400+ million from the CCP friends.
Would this be a Taxapalooza or a Taxageddon?
Auwtsnae: Actually, Taxadermy (sic). The American economy will be stuffed and mounted on the Great Wall of China.
Well they declared him the election winner and now a section of the American public is to be squeezed to pay for his woke policies. Socialists are always ready to spend, spend, spend provided it is not their money. I wonder how the Democratic media will spin this one. If it had been Trump he would be castigated but Biden will be cast as knight in shining armour not the Don Quixote figure he truly is.
The infrastructure/tax bill is about sending money to the unions, who will then put it into democrats campaign war chest. 2022 will be here shortly and the dems will do anything to retain and expand their hold on power.
Is he taxing the companies that relocate overseas. Laser pointer on point.
Companies do not have to “move”. It is called Export Licensing.
The US State Department has been in business for a very long time to make Big Fish in the US and US Government very rich, via the licenses they let and corresponding trade agreements put in place to support their efforts. that is why Hillary did not mind being Secretary of State as the US State Department controls the flow of more cash and capital than any business one can name.
From the Market talk today from Armstrong Economics, thought people might be interested in this little tidbit…
ASIA:
Chinese government bonds will be added to the FTSE World Government Bond Index (WGBI) over three years from the end of October, FTSE Russell said in a statement. Chinese government bonds were previously included in index suites from JPMorgan and Bloomberg Barclays, but FTSE WGBI inclusion is expected to have a larger effect due to the size of passive flows tracking it. HSBC said that with roughly $2.5 trillion tracking the WGBI, some $130 billion in inflows could be expected, given China’s eventual 5.25% weighting — about $3.6 billion a month.
https://www.armstrongeconomics.com/market-talk/market-talk-march-30-2021/
Before the United States, it was Britain as the financial capital of the world and now China will take it from us.
cycles, it’s just how the world moves.
Even the Bible where God cast Satan into an abyss for a 1000 years at which time he will be released. I discovered cycles when I was a kid reading the Bible.
Biden is senile. He is not responsible anything. Obama is.
Biden did not win the election and yet will be able to impose his policies on the people who voted for the actual winner Trump. What a time to be alive? Living in a country that actually lets this happen.
If he was trying to make himself look badly out of touch and irresponsible, what would he be doing differently?
Biden puts Susan Rice in Charge of Effort to Expand Vote by Mail
https://freebeacon.com/biden-administration/biden-puts-susan-rice-in-charge-of-effort-to-expand-vote-by-mail/
So one thing we already know for sure here, this administration is not known for their brilliant ideas and well thought out legislation . They are know for wild and crazy ideas that border on illegal when it comes to race relations. It should be noted that the Obama /biden admin brought race relations back at least 60 years with their race baiting tactics.
No, this administration is known for one thing , “Corruption” ! and secondly for bad ideas that benefit only the few who the left wants to continue to use and abuse the blacks.
I wish that someone would ask JoeBama just one question about these tax hikes. I’m sure he wouldn’t be able to explain anything about them.
The Bidenistas are not even trying to hide it anymore- they are moving forward at Warp Speed to destroy what’s left of our Country.
Just as our President Trump did at least one great thing every single day he was in office, the current Junta maladministration commits at least one major act of destruction daily, often 3 or more that we know of.
Here is a quote from a great essay that was in American Thinker:
“Tom Clancy said, “The difference between fiction and reality? Fiction has to make sense.” Fiction is a coming storm, Trump and the military riding to the rescue along with a slew of Durham indictments. There is no evidence of this happening and it doesn’t make sense. Reality is Biden, Harris, Pelosi, Schumer and Fauci in charge, and as depressing as that is, it makes sense as it is today’s reality. ”
The article is one of the truest I have read about today’s situation and also the most depressing. All I can do is keep on praying.
https://www.americanthinker.com/articles/2021/03/no_storm_no_reckoning_no_nothing.html
Democrats always say that raising taxes on corporations will not filter down to the consumer. Our OR commie Governor Brown imposed a new “corporate activity tax” in 2020. Of course she did not postpone it’s implementation due to Covid.
Many businesses now have line items on their invoices that say “corporate activity tax” and the consumer is definitely paying for it!
Your money, your property is not rightfully yours. Nothing outside the State.
Once you accept that the government has any right to re-distribute wealth (by progressive income tax, or a hundred other ways) you lose your moral claim on your own property.
Many Americans voted to have a rough hewn pole shoved up their bum. They’ll be walking around with that pole blaming structural racism, Trump, or both while chanting “SCIENCE!” and “Diversity is out strength!”
It doesn’t have to make sense. It just has to be crazy.
That’s where America is living right now.
creating higher taxes exactly when the economy is hard down and rattled.
typical radical piss down economics by democrats.
obviously, the real question…one that didn’t need a pandemic to ask:
why does congress not reduce the size of the fed to at least attempt to balance a budget against changes in tax revenue.
I know the fed is not a business…and I’ve heard all the arguments why it cannot operate as such.
however it must match some caliber to the economy.
just like the fed cannot keep rates negative or zero…the fed cannot continue to keep spending at glactically stupid debt levels and expect tax revenue from a flailing economy to solve it.
we aren’t just heading into all time record hyper inflation by these stupid policies.
we are tempting fate that something else will push the global financial well being and stability.
take one pandemic with a dangerous debt load and introduce it to another black swan event…boom.
it doesn’t even have to occur directly here at home.
if china takes a hit…or some terror group decides to take out suez and panama…
even for a couple weeks.
everything collapses…everything.
we are very close to that predicted tipping point.
entire world wars have initiated on far less.
civil unrest and revolutions spin up on far less.
stage 3 advances.
you know the rest
Leftists who ascend to power tend to be ideological theorists with no experience in the real world of creating wealth. Electing the leftists among us to govern, or allowing the Leftists among us to steal an election, as the case may be, is akin to taking the most anti-social “nerds” in a company and elevating them to supervisory positions. The predictable result practically writes itself.
Of course, all of that is interesting in theory. What’s happening here is that a group of anti-American radicals, after a successful coup, have gotten their hands on the public teat and plan to milk it to satisfy every wild eyed, crazed fantasy their feverish minds can dream up.
It helps to look at these things in context.
This will hit middle class the hardest……that is why these Demo-commie-fascists are raising taxes
Finish the USA.
Make a crisis… they know what they’re doing… making it all crisis after crisis.
Yesterday blacks, today asians, tomorrow Orthodox East Avogradians, etc, etc… and the corporatist propaganda machine just keeps regurgitating the narrative.
I wonder what I ought to do with our 401Ks. Bonds no good, cash being devalued, I’m old enough to take it out but since we’re still working that will make us pay huge taxes.
But, perhaps, just as I was selling CSCO above $70 in 2000, it’s better to pay tax for stocks you’re selling at $70, that pay little tax for stocks you sell at $25.
Most countries are moving to digital currencies, the United States is pondering this right now.
should we really be concerned about “Immunity Vaccines”? Yes! But the Mark of the Beast is financial, your digital print is the Mark!
I was cursed as a child seeing things happening before they happened and now it’s all happening. This is NO GIFT, it’s a CURSE!!!
I hated it then and I hate it now.
Retired Magistrate here: Both Biden and Obama are fans of Franklin D. Roosevelt and are following his playbook. During the height of the Great Depression FDR also raised taxes. That coupled with his interference in the free market with all of his government programs to “stimulate” the economy resulted in the Great Depression lasting until the start of World War II.
If you want to know that Biden/Obama are going to do next, just research what FDR did or tried to do.
If you are able get out of debt as much as you can, stock up on non perishable food and keep the cars that you have, especially if they are paid for, in good running condition.
Finally, be as non dependent on the government as you can.
Yes, read Herbert Hoover’s Memoirs, FDR completely ignored him.
Hoover got a bad rap, but that’s what socialism does to people.
Nothing new under the Sun.
BTW Marcia,
God bless you, I’ve been saying this to anyone who would listen… DEBT.
It’s perfectly logical if you are Joe Biden. What are we going to do, vote him out when we never voted him in to begin with?
We must all remember that China Joe is not running anything. His mental capacities were limited to say the least when he was healthy, with his mental issues now he can’t think clearly enough to come up with any type of plan. He is being told what to do and what to say, but by whom is the big question. All I can say is that we are in deep doo doo. And yet we are letting in thousands and thousands of low skileed and low educated people who are going to require lots of our money to help them out.