Taxing “unrealized capital gains” sounds like a catchy and obscure way to make wealthy people pay more in taxes, but it doesn’t work.  A government that moves in this direction ignores the reality that people are not static.  The process also involves “taxing wealth” which then becomes an arbitrary definition.

Unrealized capital gains are not income, they are simply increases in value.

If your home was worth $200,000 last year and $300,000 this year, you have an unrealized capital gain of $100k.   A 15% tax bill on that value increase means the homeowner would have to pay $15,000 to the IRS.

Joe Biden is proposing to pay for his multi-trillion expansion in debt through this type of tax upon billionaires.   Treasury Secretary Janet Yellen admitted this was part of their thinking to help pay for the Biden budget last Sunday.  WATCH:

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Proposing a tax on money that does not exist is the peak of government.   Sure the proposal applies only to billionaires who have massive gains in their stock portfolios, but billionaires are not esoteric titles.  Billionaires are people who can, if needed, move their physical location and avoid any U.S. tax on their wealth.

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The New York Post has an excellent expose’ [See Here] showcasing just how manipulative the legislative tricks are within the mega-trillion dollar human infrastructure and Build Back Better bill.

As anticipated by most political observers, the Democrats are using budgetary tricks to avoid the Congressional Budget Office putting a real price tag on their legislation.  The article is easy to understand even though the legislative tricks are far beyond anything any congress has ever attempted.

(New York Post) – After months of criticizing Sens. Joe Manchin and Kyrsten Sinema for balking at the original $3.5 trillion price tag, congressional Democrats are finally accepting reality and paring President Biden’s social welfare package to between $1.5 trillion and $2 trillion over the decade.

Does this mean they are responsibly removing the bill’s worst provisions and crafting fiscally sustainable legislation? Of course not!

Instead, welcome to the gimmick Olympics, where progressives are using classic accounting tricks to hide the true cost of the bill.

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One of the lesser highlighted aspects to Attorney General Merrick Garland using the FBI to investigate parents as domestic extremists when they attend school board meetings, is that Garland put the prosecutorial process in the DOJ- National Security Division (DOJ-NSD).

From the perspective of the general public, the DOJ-NSD has become a well known division within the DOJ in the past several years, because it was within this division where the lawfare alliance constructed their political targeting operations against candidate Donald Trump.  The DOJ-NSD is where the secretive title-1 FISA applications are created and submitted to the FISA court.

As established by AG Eric Holder and DAG Sally Yates, the DOJ office of inspector general, the internal self-checking mechanism to act an a watchdog, was also blocked from having oversight into the DOJ-NSD throughout the era of Barack Obama.  This lack of oversight was intentional to keep the DOJ-NSD political operations hidden from any review.

The DOJ-NSD was the home for John Carlin, Mary McCord, Andrew Weissmann and Bruce Ohr among others who conducted the investigation into Hillary Clinton’s classified email use and later into candidate Donald Trump via the FBI Crossfire Hurricane operation.  It is the DOJ National Security Division that selects targets for prosecution (ex. FARA) based on political affiliation.   In this round of questioning by Tom Cotton, the Arkansas senator focused on the use of the DOJ-NSD by Merrick Garland.  WATCH:

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The FDA panel has voted 17 to 0 to approve the Pfizer vaccine for 5 to 11-year-olds.  One of the FDA Panelists, Dr. Ruben, outlined his support by saying “We’re never gonna learn about how safe the vaccine is until we start giving it. That’s the way it goes.” 

Another panelist noted that 700 young people under the age of 18 have died ‘with‘ COVID, or COVID related symptoms in the past two years.  With the full support of the FDA panel, the large scale rollout of the vaccine in young children will now head to the CDC for final approvals. 

WASHINGTON DC – Vaccine advisers to the US Food and Drug Administration voted 17-0 with one abstention Tuesday to recommend Pfizer’s Covid-19 vaccine in children 5 to 11.

Members of the FDA’s Vaccines and Related Biological Products Advisory Committee agreed that the benefits of vaccinating younger children appeared to outweigh the risks, but some members appeared troubled about voting to vaccinate a large population of younger children based on studies of a few thousand.

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There is a great deal of political media time devoted to the Virginia gubernatorial election that takes place next week.  There is also a major disconnect in the analysis of Virginia politics and what takes place there, so it’s worth pausing and reminding everyone about its unique status.

When an event happens in New York City, the scale of media coverage is so disproportionate to the issue it has historically been laughable.  The media are centered in NYC, so the media focus on events in NYC as if the rest of the country cares.  We don’t.  A waterline break in a NYC subway station gets the scale of national media coverage as if Hoover dam collapsed; most Americans just roll their eyes.

However, because of the proximity to Washington DC, and because of where almost all the federal workers inside the DC system live, that same scale of skewed emphasis is also evident in Virginia when it comes to anything political.

Virginia politics is where the UniParty swamp creatures argue among themselves.  In Virginia the elites in the DNC club debate their high-brow outlooks with the elites in the RNC club.  Virginia is where the traditional DC political establishment of both clubs gather socially to pontificate about their importance in the world of everything political.

Is the whole state like this?  No.  However, the DC beltway is so influential and so populous the other parts of the state are essentially irrelevant to election outcomes.

As the U.S. federal government grew, so too did the swamp physically expand to make room for all the high-minded bureaucrats who run the machine.  Northern and Eastern Virginia were taken over and absorbed into the swamp, the rest of Virginia was cast into the role of Oliver asking for a bit more soup.

When Peter Strzok and Lisa Page were talking about smelly WalMart people, they were really just encapsulating the reality that exists in Virginia, elites -vs- proles, they were not lying; they just said the accepted quiet part out loud and a lot more people saw it, that’s all.

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Alarming possibilities within the question….  None of them good.

Joe Biden is willing to allow experiments on our children.

Via Techno Fog – On Tuesday, October 26, 2021, the FDA is meeting “to discuss a request to amend Pfizer-BioNTech’s Emergency Use Authorization (EUA) for administration of their COVID-19 mRNA vaccine to children 5 through 11 years of age.”   […]  If all the experts are correct – if there is no COVID-19 emergency for kids 5-11 years old – then why is Pfizer seeking an emergency use authorization?  (read more)

READ THE ISSUE

There is no other hill folks.

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The goal of the leftist group who organized and coordinated the sequence of events behind Frances Haugen is becoming increasingly obvious.  Ms. Haugen first surfaced during a CBS 60-minutes episode where she promoted the idea that government needed to intervene in the Facebook censorship process because the content of speech was not being limited enough.  Ms. Haugen advocated for government intervention to enhance Big Tech censorship.

48 hours later, Haugen was testifying before congress.  That should have triggered all alarm bells that far-left political operatives were organizing an advanced censorship campaign to stop speech they deemed as detrimental to their interests.  That speech consists of any speech that does not comply with the leftist world view.   Shortly thereafter, it was discovered that Ms. Haugen is represented by the same legal group, and group of Lawfare lawyers, who supported Hillary Clinton. 

It is clear the psychologically unstable uptalker, and those behind her, have an interest in having left-wing politicians intercede in global speech to advance their ideological interests.  To further showcase this point, Ms. Haugen appeared today before the U.K. Parliament, again advocating that any speech against globalism and big government is considered extremist speech that much be blocked.  WATCH:

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In the periphery, you might notice that Barack Obama recently gave a speech in Virginia where he also talked about political opposition and “right-wing media” advocating for extremism and stirring up anger.  This follows another highly visible data point where the DOJ has instructed the FBI to consider parents who confront school board policy as extremists.

Keep in mind, this testimony and angle of attack from the political operatives is coming at the same time the U.S. House of Representatives is using the January 6th Commission to advance the same proposition; that all speech against government is considered extremist and violent.

There’s no doubt all of these different approaches are part of the EXACT same coordinated effort.  There is a larger narrative being advanced by the U.S-centered group of Chicago Marxists.   Keep a look out for innocuous things that might look different when viewed through this baseline prism.

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… That concern is now evident.  As if, it wasn’t before.   The Centers for Disease Control (CDC) highlights, in a single marketing and branding snapshot today [Tweet Link], that cultural politics is the underlying ideological premise behind their policy.   The CDC fundamental mission is not about science, it’s about something else.

These are marketing and branding decisions made by institutional officials inside the top tiers of the organization itself.  In the middle of a pandemic, where a large portion of population has questions about how the CDC politicizes science, this vaccine marketing example passes all layers of approval from within the institution. 

When an organization shows you their priority, accept it.

Beyond the hypocrisy leftists are known for; in this example pregnancy now highlighted as an actual human baby, which is a cornerstone the same cultural leftists deny; the message being transmitted in their marketing is: yes, cultural politics drives our public health policy.

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The screamingly high rate of pricing inflation is catastrophic to the American working middle class; however, there is one small benefit.  More and more people are waking up to the reality that free market principles have been destroyed; what we have now are markets controlled by massive multinationals.

This isn’t news for CTH readers.  Long before prices started to rise, we stood up against pressure from so-called ‘conservative’ pundits to outline that free markets were a joke in the modern economic era.  The truth inside the economic argument is precisely why we stood up to support candidate Donald J Trump in 2015; and the truth inside that economic argument is exactly why we will stand again to support him if he runs again in 2024.  Everything, e.v.e.r.y.t.h.i.n.g… every scintilla of a thing, centers around the economics of it.  Economic security on every scale is what keeps YOU free.

In a brilliant outline of how the beef and cattle industry is now trying to fight back against the multinationals of Tyson Foods, JBS, Cargill and National Beef, Matt Stoller uses the cattle industry to talk about what we have outlined on these pages for ten years.   The distance from the red line (steer price) to the blue bar (beef price) is the scale of the multinational profits inside this controlled commodity:

MATT STOLLER – […] Despite high consumer prices, independent ranchers are losing money, and going out of business. “If we don’t get some of these problems fixed quickly, we won’t have any independent ranchers in this country,” explained Oklahoma Farmers Union president Scott Blubaugh.

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In a rare act of journalism, NBC actually followed up on the October 13th grand proclamation of Joe Biden to speed up California ports.  What they found is exactly what everyone suspected, the grand prose from the White House was a political pantomime – absolutely nothing has changed.  WATCH:

As noted, and as previously outlined, the issues with the backlog of the California ports have absolutely nothing to do with rapid unloading of ships and container vessels.  The issue is the inability of California truckers to move those containers.  The problem is a shortage of CA emission compliant internal transportation trucks to move the containers out of the port and into the U.S. mainland.

As a result… the politically expedient goal to get rid of the optical problem (the ships) by offloading containers into a California port system, that is already overwhelmed with tens-of-thousands of containers, is only making the original issue exponentially worse.  More people are now starting to understand the internal issue that has been created by recent California laws, rules and regulations.

Daniel Greenfield at Front Page Magazine has a solid outline of the emission compliance issues and the problem of independent truckers not being able to work in California:

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