Posted on 01/10/2021 4:23:34 PM PST by know.your.why
With the green new deal and God only knows what else the dems will do, I can't imagine how EVERY petroleum product wont get hammered with big taxes. They could very likely hit all fracking companies, heck the whole industry, with some kind of environmental tax. I see income tax both state and federal getting hit hard too. A Covid fund tax?
Along with a huge tax increase will come a huge increase in inflation. It may make the Carter Days look like a picnic.
A democrat retribution tax?
Keep an eye on the new Senate. If they eliminate the filibuster, then it’s ‘Katy bar the door’. Literally anything will be possible.
A slavery tax and we can bet on higher property and sales taxes at the local level as well.
As 2021 is already underway, can they change taxes for this year? or only for future years?
Biden promised tax hikes for joint income of $400k
That’s upper middle class in expensive communities
I wish politicians would confine their “soak the rich” taxes to the genuinely wealthy - people making millions or billions a year. But those are the donors, so they make sure the taxes are borne by the middle class, not the 1 percent.
So trump tells his follower not to pay their taxes.
Taxes won’t be enough to cover the Uniparty’s multi-trillion $$$$$$$$$$ spending and debt.
Luckily, our IRA’s and 401ks can be squeezed to help with that.
Think I’ll order more gold and silver coins tomorrow...
They can change them retroactively if they want. It's not an ex post facto violation because it isn't a criminal violation. There is no constitutional limit to confiscation as long as it is labeled "tax."
“Keep an eye on the new Senate. If they eliminate the filibuster, then it’s ‘Katy bar the door’. Literally anything will be possible.”
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IMHO, elimination of the filibuster would be the DemocRATS’ equivalent of Hitler’s Enabling Act of 1933.
Accelerating descent into darkness would follow.
They can change them retroactively if they want.
What is a reputable source for buying gold and silver? My husband and I are seriously thinking about buying some coins.
The reason the Dems won’t stick to taxing only the uber-rich is that doing so would not generate enough revenue to fund the pie-in-the-sky entitlements that the Dems will roll out. To pay for those, the Dems will have to increase the taxes on the working class and above.
I bet they are coming up with some sort of tax credit to those who are members in good standing, like the CCP does for its most favored comrades.
A white tax for reparations
Oil and natural gas will be hit especially hard with new taxes and regulations, as will aircraft manufacturers; and capital gains taxes will be — at a minimum — 50%. Gun manufacturers will close up shop entirely, so the military and all the various governmental agencies and departments, current and new ones, will be buying their hardware from China.
My suggestion is, if one can do it, is to buy only what is essential for your needs, and if possible buy them on the secondary market (Goodwill, garage sales, etc.; I’d stay away from E-bay). Buy absolutely nothing off Amazon, but if you must by something online, go directly to the source store.
Their senate majority relies on Manchin, Angus King, and John Hickenlooper. They will end up doing a bunch of stupid woke bullshit to deflect from their econ policy being more uniparty than Trump’s, and they will lose house and senate in 2022. Biden will officially step down after the midterms. Of the GOP contenders, Hawley, Cruz, or Hayley would kick camela’s humps.
“A slavery tax and we can bet on higher property and sales taxes at the local level as well.”
That’s a given.
Let’s get to Jan 20th FIRST.
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