It is a billionaire tax. They just are not telling you what currency they are basing it on.
It was always a done-deal.
Mr. Biden met with Mr. Manchin and Senate Majority Leader Charles E. Schumer at the president’s Delaware home
See all my gold bars can we talk.
Senate Majority Leader Charles E.Cheese...
The tax would apply to individuals with assets in the billion-dollar range and those with annual incomes greater than $100 million over a three-year period.
Then those with annual incomes greater than 40 thousand
dollars for the rest of their children’s lives.
See how that works...?
Hilarious that the only tax they may get is billionaire tax. Don’t like it but funny since I’d bet the majority voted dem.
Of course the middle class is getting killed by the inflation tax from this idiot policies.
About time the political class “pay their fair share”
Democrats hope the plan will raise sufficient revenue to fund the more than $2 trillion in spending they are proposing.
And the other $3.5 trillion is going to come from...where?
The unintended consequences of a wealth tax will render it dead. The French had to back off a similar tax a few years ago.
Yes, theater. They are negotiating the PR campaign not the cost/benefit to the country.
The fact we all know is that the billionaires won’t be paying “their faire share’ of taxes. These American companies like Google, Apple, Facebook, Big Pharma and the rest have it all set up already to avoid taxes by transferring revenues and profits via a series of offshore tax havens, subsidiaries, licensing deals and all the other methods that are perfectly legal. As far as the law goes, they already “pay their fair share”.
“Baseball is ninety percent mental. The other half is physical.”
— Yogi Berra
“I have 12% of a plan.”
— Peter Quill
West Virginia has a history of electing Senators willing to sell out to the highest bidder.
Does Senator Byrd ring anyone’s bells????
It is a billionaire tax. They just are not telling you what currency they are basing it on.
Not a hard record to beat.
Its not the amounts that matter, but the initialization of new entitlement programs ; once started, they will become permanent, and will, as designed, suck money out of Defense until there is nothing left.
While the plan has yet to be finalized, it would tax billionaires annually on any increase in the value of their assets, like stocks and real estate. The tax would apply to individuals with assets in the billion-dollar range and those with annual incomes greater than $100 million over a three-year period.
Foot in the door folks. A billion this year, becomes a million next year, becomes 1000 the year after and finally any increase you have in your assets. You pay this increase each year so it goes up porportionally with inflation. ABSOLUTE BULL CRAP.
Probably resulting in a lower value of the stocks as they invest elsewhere or have less incentive to invest at all, therefore harming the smaller investors while not harming the billionaires at all - because, well, they are billionaires.
AMNESTY is Still Buried in that Bill .
They ignored the Senate Parliamentarian .
CALL your. REPS.
We’re 100% screwed.
It’s a crock of crap.
The RATS could take EVERY dime every billionaire in America has to his or her name, and it wouldn’t even make a dent in the RATS drunken frenzy of multi-trillion dollar spending and pork barrel projects.
Several weeks ago I said Manchin would fold like a cheap umbrella and shill for the monstrosity.
I think we owe a “debt of ‘gratitude’” to the 9 RINOs that kicked the can down the road thereby allowing the Dems more time to wheel and deal...
Class warfare.
I’m jealous of no man. I live a decent life on a smaller
income than I would like. That probably covers 95% of the
nation’s populace.
Some people are worse off. I’m sorry.
Some people are better off. Who cares?