Posted on 09/03/2021 5:54:47 PM PDT by simpson96
After the August jobs report significantly missed expectations, President Joe Biden said Friday he would have liked to see better numbers. But he said his economic agenda will help the nation get there — particularly, his plans to raise taxes on the wealthy and corporations.
"We are going to deliver these investments without raising taxes one cent on anyone making less than $400,000 a year," Biden said during remarks after the jobs report was released. "How are we going to do that? We're going to do it by leveling the playing field."
"The superwealthy are still going to be able to have their three homes," he added.
Even though job growth in August significantly decreased from July, Biden said his economic plan is still working, given that jobs are still being added each month. He said the Delta variant is the main factor to blame for the disappointing growth and that it's imperative that Congress pass his $1 trillion bipartisan infrastructure plan, along with the Democrats' $3.5 trillion social welfare package, to continue advancing his economic agenda and building the middle class.
The latter, he said, comes down to his plans to raise taxes on the wealthy and corporations. When Biden first unveiled his infrastructure plan in the spring, he proposed hiking the corporate tax rate to 28% from 21%, saying at the time he was "sick and tired of ordinary people being fleeced."
(Excerpt) Read more at businessinsider.com ...
How many homes does Biden have?
Somebody supported these stupid Democrat sons of bitches.
Plank #2 of the Communist Manifesto: A heavy progressive or graduated income tax
http://www.laissez-fairerepublic.com/TenPlanks.html
The very wealthy have three homes per country!
Last I heard was six.
FWIW, Elon Musk lives in a $50,000 mobile home.
He is an evil POS. Into redistribution which will affect everybody. It will trickle down to the average middle class family.
His destruction of the family business because of elimination of stepped up basis , elimination of 1031 exchanges and other taxation vehicles.
He is a worthless shell of a body who can only read what is put in front of him on a teleprompter
The Bastard-in-Chief should surrender his homes.
We have been adding an average of 750k jobs per month for the last 3 months. Total job creation during my presidency is nearly double that of any previous president.
The Biden plan is working. We are getting results.— President Biden (@POTUS) September 3, 2021
Minimum wage will be $200/hour and a Happy Meal will cost $80.
[sigh] They never learn, do they?
Bill Whittle was discussing this very concisely almost a decade ago, still one of my favorite illustrations of why eating the rich just doesn’t work.
https://youtu.be/661pi6K-8WQ
Musk is brilliant and is very much his own person. He seems not at all like other billionaires. The only one similar was Jack Ma of Alibaba, who was un-personed by the CCP and last seen about in northwest China.
I believe the same number as bernie
“The Biden plan is working. We are getting results.”
What a sociopath.
Things about “taxing the rich”.
They can DEFER income to a future date.....
They can put it into a trust......
THEY CAN REDUCE their activity & have a lower income..........
IF they are smart enough to make it with honest work, they are smart enough to keep it for themselves.
Biden’s math isn’t real accounting.
If they really wanted more tax revenue, all they would have to do is leave people alone. But they don’t really care about more tax revenue - they care about more control.
“Tax the rich” always, without fail, raises the tax burden of the middle class.
There was also a thread here about some “insurance” loophole where the very wealthy could take out an insurance policy that would keep income on their assets tax free, allow them borrow against those assets at will, and pass them on heirs tax free.
Collecting big bucks in taxes from the wealthy requires really really really dumb wealthy people.
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