Posted on 03/27/2022 2:09:20 PM PDT by delta7
The REASON Biden needs war is very simple. The world monetary system is collapsing. The negative interest rates in Europe since 2014 have wiped out all the pension funds that needed 8% to break even. This is what is being the Guaranteed Basic Income because the politicians have destroyed the future of pensions. Even in the USA, 100% of social security is invested in US government bonds that pay well below 8% and this has undermined the fund going forward. Biden is following the FDR playbook and since COVID failed to produce the Great Depression they were counting on, they are shifting to PHASE 2 which is war. With World War III, they will call upon patriotism to get through not just their BUILD BACK BETTER agenda but to install a full-blown Marxist agenda. They need WWIII to justify significant tax changes that will be introduced tomorrow.
Tomorrow will be D-DAY in the Financial Markets. Not only will they introduce ECASH which will create the digital currency NOT issued by the Federal Reserves, but by the Treasury. Now there have been the haters of the Federal Reserve because they do not understand the entire purpose of Elastic Money and that the Fed has been independent of the White House. For the Treasury to issue the digital dollar means that the power to create money will shift from the Federal Reset to the White House. On top of that, they want to restrict the amount of digital cash you will be allowed to have to $2,000. The object will be to force everyone onto the grid to be fully taxed. Then they will push to eliminate the paper money.
That is just one assault on the financial system. The next is the Minimum Billionaire’s Tax to be set to 20%. Most people will cheer on taxing the Billionaires. But what is also in this proposal is Elizabeth Warren’s dream of Marxism come true. The “definition” of income will include UNREALIZED gains. That means that people who started major companies like Tesla, Google, Amazon, Apple, Microsoft, and so on, will be forced to sell their stock to just raise money to pay 20% of that UNREALIZED gain. They are cheering that they expect to raise $360 billion from this alone and have no idea that such a proposal can crash the stock market and undermine everyone’s pensions because of their hatred of the rich.
The UNREALIZED tax will eventually be expanded down to everyone. The Income-tax began the same way – it would only apply to millionaires back then. The UNREALIZED taxation will work similar to gambling where you pay tax on your gains, but no credit for losses. So if you buy a stock, it triples and you make $1 million, you will have to pay $200,000 to the Feds so you will be forced to sell at least some stock and as the price declines, so be it. You are taxed on where it was at the end of that period – no credit for the decline. Then next year, you will pay 20% again on what is left until the entire gain is paid in taxes and you will be left with NOTHING.
They always target the rich to justify the tax and then extend it down to everyone. Janet Yellen tried to bullshit everyone lowering reporting every transaction down to $600 claiming they were after billionaires. They always count on people just being stupid.
Whoever’s behind the scenes running Joe Biden is a stupid jackass.
How cheerful. Why don’t groups of us meet on the tops of tall buildings and just jump off? Really? This is too much...
Generally a safe bet...
I don’t think His Dimness can summarily order a tax increase on billionaires.
As in the Princess Bride, I do not think it means what he thinks it does.
Keep in mind that Armstrong is a convicted felon who served time in Federal prison for defrauding his own financial clients, among other crimes. Read what he writes with a very critical eye.
“On top of that, they want to restrict the amount of digital cash you will be allowed to have to $2,000. The object will be to force everyone onto the grid to be fully taxed. Then they will push to eliminate the paper money. “
I’m a Bidenista, so that’s ok with me as long as Putin loses in Ukraine.
The Biden Crime Family and The Democrat Party Organized Crime Syndicate don’t want to destroy the world financial markets.
They are just thieves who want large amounts of money.
They may inadvertently destroy things by their actions.
We can’t preclude disaster by taking China and Iran and Venezuela to court, but we can preclude disaster by bringing The Biden Crime Family and The Democrat Party Organized Crime Syndicate to justice.
Are our lawyers so stupid that they can’t see the disaster that is coming?
Good one. I you owe me a new keyboard; mine is wet.
Tax on unrealized gains is an unconstitutional taking. I see this as scaremongering by the people selling gold/
Whoever’s behind the scenes running Joe Biden is a stupid jackass.
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How so? Everything is going according to their Plan of destroying the US in 4 years or less
Ad hominem fallacy.
Y2K all over again!
CBDC’s and taxation of unrealized gains are incredibly dangerous ideas, which thinking people everywhere should resist with every fiber of their strength.
This clown, though, is such a terrible writer that one would be tempted to dismiss those dangerous initiatives as the ravings of a lunatic.
Is that an accident, or is this just part of the plan?
“Good one. I you owe me a new keyboard; mine is wet.”
Sadly, some here are in bed with the people who literally want us EXTERMINATED, so I like to remind others, who may be a bit more open-minded as to who is pushing Ukraine and WW3 on us so strongly.
“Tax on unrealized gains is an unconstitutional taking.”
A couple more Democrat justices on the Supreme Court and it will be perfectly CONSTITUTIONAL.
People here need to realize that the Constitution no longer protects them from Democrats, only REPUBLICANS are in a position to do that (and sadly, that’s not always the case).
Joe Biden is the champion of neocons everywhere.
He may not be as smart as he thinks he is.
He may not be as smart as he thinks he is.
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He has also been called upon by numerous governments to solve their economic crisis’s. They called upon him.
Below link is the history of the income tax. It started on the rich and then became for the middle class and below.
Government is an insatiable beast for our income and properties.
https://mises.org/library/origin-income-tax
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