Posted on 06/25/2019 9:16:22 AM PDT by Kaslin
In dueling campaign rallies, former Vice President Joe Biden and President Trump made their argument to voters in Iowa. Biden joined his Democratic opponents in calling for higher capital gains taxes to pay for his pet programs.
Democrats are racing to the left in a desperate attempt to mollify their radicalized base. Almost every 2020 Democratic presidential candidate is abandoning capitalism.
Sen. Elizabeth Warren, D-Mass., who has said she is a "capitalist to my bones," sings the same chorus with her massive wealth tax plan. Her campaign estimates that it would cost the American people $3 trillion over 10 years.
Taxing the rich is never the answer, and it’s proven to bring in far less revenue than one may optimistically estimate due to many factors.
Sen. Bernie Sanders, I-Vt., introduced a bill earlier this year called "For the 99.8 Percent." This legislation would heavily tax the 0.2 percent of the country by taxing the estates of those who inherit more than $3.5 million. This would eliminate the ability to pass hard-earned companies, such as family farms, down to new generations.
(Excerpt) Read more at foxnews.com ...
you will.
Karl Marx HATED the middle class.
What better way to get rid of them than to artificially inflate the cost of living?
But it’s okay - you middle class Marxists just love your Socialism. :)
You ever notice these idiots never talk about capital losses and trying to help investors cushion the blow when things go south on your investments?
Everyone who is working will be paying more taxes.
To pay for the cost of buying ILLEGAL VOTES.
Yes - could it be that people, rich and poor, don't like to be taxed and will take action to avoid or minimize it? And that rich people have more resources to do that? No, it always comes down to the middle class because that's where the money really is. And when they're gone, we have Venezuela. There are some really rich people in Venezuela still and life is pretty good for them. Everyone else, not so much.
It won’t just be high taxes, the Dems are preparing for wealth confiscation. First, it will be 401k and IRAs, and bank accounts. That would be accomplished via electronic transfers by the Treasury Dept. That’s a few Trillion right there.
Then the taxes would be hiked 70%. This process would take time and only achieved is the Dems take the Senate and Executive branch. Oh yeah, the first item to be accomplished is confiscation of all, guns, and archery. Anything that can be deemed arms, including swords.
Then watch the economy tank. But don’t worry, this is all good, right?
This issue is all mental masterbation and Bullshit. None of the proposals just attempting to buy votes would ever get through congress no matter who was potus.
ME!
I figure we’re already paying 50% of income in taxes.
Yours truly.
The ordinary, “middle class,” American. Taxes will double.
And don't forget the invisible taxes, like stagnated wage growth, unemployment, fees, market collapse.
I suspect this is what would be a red line for a lot of people.
To quote Janis Joplin: "Freedom's just another word for nothin' left to lose".
Or in other words, Democrats better work on getting the general population disarmed before trying that stunt.
Wanna bet?
Maybe not this session or the next, but the general trend in the quality of Congresscritters is downward.
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