Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Biden's 'Soak the Rich' Tax Hikes in Trouble on the Hill
PJ Media ^ | 01/18/2021 | Rick Moran

Posted on 01/18/2021 6:55:35 AM PST by SeekAndFind

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-58 last
To: SeekAndFind

A $400,000 income used to be nearly unimaginable.
Now it is barely enough to make ends meet. /s


41 posted on 01/18/2021 8:20:33 AM PST by Honest Nigerian
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

One of the 1st things Congress will do is repeal the Trum tax cuts and restore state income tax deductions.


42 posted on 01/18/2021 8:30:42 AM PST by DownInFlames (Ga)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Welcome to oligarch communism. Their wealth tumors grow unchecked, while we get ritually bled.


43 posted on 01/18/2021 8:33:55 AM PST by 9YearLurker
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

leading to about 542,000 fewer full-time equivalent jobs.


Right there that number is too small. We need to increase it 10 fold - the more people on unemployment and welfare, the better the economy - Pelosi think.


44 posted on 01/18/2021 8:34:36 AM PST by PIF (They came for me and mine ... now its your turn)
[ Post Reply | Private Reply | To 1 | View Replies]

To: glimmerman70

Why can’t it all be just left alone? Why do we need a constant stream of new laws? How can anyone plan or do business with a near constantly shifting tax and regulatory setting? They can’t really. They do so in spite of the giverment and not because of it.

Our nation sucks and sucks worse every day.


45 posted on 01/18/2021 8:44:20 AM PST by Sequoyah101 (I have a burning hatred of anyone who would vote for a demented, pedophile, crook and a commie whore)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Reno89519

If biden gets sworn in, the 2022 midterms won’t matter.


46 posted on 01/18/2021 8:51:04 AM PST by Texas resident (Biden is China's bitch)
[ Post Reply | Private Reply | To 16 | View Replies]

To: Red Badger
AOC and the Squat will not be amused...

The Squat.. I am amused.

47 posted on 01/18/2021 8:51:40 AM PST by Thommas (The snout of the camel is in the tent.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Bruce Campbells Chin

Considering the average profit at full service restaurants is 3-5% most won’t make it out of the scamdemic. Too many scared people listening to too many false profits.
A $15 minimum wage would be the stake through the heart for any restaurant owner contemplating re-opening or even remaining in business.

A $15 minimum wage?
Can we say Inflation freight train?
Why yes, yes we can!
Hyperinflation here we come!


48 posted on 01/18/2021 8:52:54 AM PST by oldvirginian (The glass is half empty because the damned thing is cracked and leaking. The 2020 election is proof.)
[ Post Reply | Private Reply | To 13 | View Replies]

To: SeekAndFind

The ultra wealthy are a protected class so the democrats will raise taxes on the poor and they will skyrocket. The pro American poor are the threat.


49 posted on 01/18/2021 9:05:50 AM PST by drypowder
[ Post Reply | Private Reply | To 1 | View Replies]

To: butlerweave
Boondoggle Biden needs your money so he can Waste it

He won't waste that money. He will give it to welfare recipients, who will pass it along to drug dealers and Indian immigrants who own 7-11 stores. The other big beneficiaries will be woke government employees who will be paid outrageous salaries to oversee this giveaway.

The average American will be taxed to support this nonsense, but will not directly receive any benefit.

I will benefit by changing my investment strategy to tilt toward convenience stores, rent-to-own purveyors of low quality furniture at high prices, and the like. There is opportunity in every challenge.

50 posted on 01/18/2021 9:11:17 AM PST by CurlyDave
[ Post Reply | Private Reply | To 11 | View Replies]

To: Flick Lives

“Soak the rich” did not work in 1935, under FDR’s New Deal, and it won’t work today.

It is impossible to tax wealth beyond the first attempt at confiscation. Beyond that, the very wealthy simply hide their wealth in ways the tax collector cannot touch.

The rich won’t miss any meals.


51 posted on 01/18/2021 9:15:36 AM PST by alloysteel (No night is so dark, that it cannot fall into an absolute blackness. But hope springs eternal.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: SeekAndFind

Tax the Rich till they’re Rich no more.

It isn’t just a Song Lyric.

I used to think that was crazy. Now I’m all for it, starting with Bezos.


52 posted on 01/18/2021 9:17:40 AM PST by Kickass Conservative (THEY LIVE, and we're the only ones wearing the Sunglasses.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: servantboy777
$27.8 Trillion debt / 130.6% debt to GDP ratio currently. The last $2.8 Trillion omnibus bill has yet been added. So we are currently $30 Trillion in debt.

And NO ONE talks about UNFUNDED LIABILITIES.

The doom of which I speak is a MOUNTAIN called "unfunded liabilities" — $122 TRILLION in payments the government owes and has promised its citizens — without the funds to fulfill those obligations.

53 posted on 01/18/2021 10:26:46 AM PST by VideoDoctor
[ Post Reply | Private Reply | To 23 | View Replies]

To: SeekAndFind

“Rich,” in this case, meaning everyone who works.


54 posted on 01/18/2021 11:14:10 AM PST by TBP (Progressives lack compassion and tolerance. Their self-aggrandizement is all that matters. )
[ Post Reply | Private Reply | To 1 | View Replies]

To: Texas resident

Sorry to break it to you, it is no longer and If, it is now a When. Short of him dying and Harris being sworn in, he’ll be sworn in.


55 posted on 01/18/2021 11:19:04 AM PST by Reno89519 (Buy American, Hire American! End All Worker Visa Programs. Replace Visa Workers w/ American Worker)
[ Post Reply | Private Reply | To 46 | View Replies]

To: SeekAndFind

If you took every dime from the ‘rich’, it wouldn’t run this
nation very long. Then you’d have no wealthy people to tax.

The wealthy pay a very large portion of the taxes in this
nation comparatively. That would cease.

Who would then make up the loss? NOBODY!

This continual class warfare angle is tedious.


56 posted on 01/18/2021 11:19:49 AM PST by DoughtyOne (We are all to be treated like the Randy Weaver family and Banch Dividian folks now.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: butlerweave

Joe Boondoggle and Commiela Harrass.


57 posted on 01/18/2021 11:22:19 AM PST by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
[ Post Reply | Private Reply | To 11 | View Replies]

To: VideoDoctor

>>unfunded liabilities” — $122 TRILLION<<

And you’ve been paying attention in class I see. Good addition to the post.


58 posted on 01/18/2021 5:09:07 PM PST by servantboy777
[ Post Reply | Private Reply | To 53 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-58 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson