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Luiz Inácio Lula da Silva, the radical leftist President of Brazil currently hosting the G20 summit in Rio de Janeiro, will tell attendees Monday the time has come for a global taxation impost on ultra wealthy individuals. At a July meeting of G20 finance ministers in Rio, the world’s wealthiest nations agreed to start a “dialogue on fair and progressive taxation, including of ultra-high-net-worth individuals,” despite fierce resistance from the United States and Germany. Now Lula says the time has come for action as he hopes to move the wealth tax plan forward as the money raised from billionaires will...

Socialist Rep. Alexandria Ocasio-Cortez was photographed flying first-class to a Bernie Sanders event last month — with critics saying it shows how she battles inequality one “mimosa at a time.” An incredulous passenger snapped AOC (D-NY) getting comfy in the roomy first-class cabin of JetBlue Flight 511 on March 19 that departed from JFK Airport in Queens for Las Vegas, where she spoke at a Sanders rally titled “Fighting Oligarchy.” The next day, the equality-spouting darling of the far left rallied along with her socialist comrade, Sen. Sanders (I-Vt.), in North Vegas and at Arizona State University in Tempe. “Nothing...

Nebraska Republican Mike Flood was heckled at a town hall event he hosted on Tuesday in Columbus, with a section of the crowd at one point chanting "tax the rich" at the House representative. Newsweek contacted Flood for comment on Wednesday outside of regular office hours via telephone and voicemail message. Why It Matters Flood is the latest in a succession of Republican politicians to receive a rough reception at town hall meetings across the U.S. since President Donald Trump's inauguration, with House Speaker Mike Johnson advising his GOP colleagues to stop hosting the in-person events earlier this month. Criticism...

Hunter Biden, the son of President Joe Biden, will go on trial for gun-related charges on June 3, a federal judge ruled Wednesday. If it holds, the early-June trial date could pit the president’s son in back-to-back trials in the two cases brought by Weiss. In addition to the gun case, Hunter Biden faces nine tax-related charges in California over an alleged conspiracy across several years to avoid paying over $1 million in taxes and is set to go to trial in the case on June 20.

Elections matter. It shows in the sometimes not so subtle changes that surface unintended consequences. The shift to the left with President Joe Biden taking office and both houses of Congress narrowly in control by the Democrats is impacting our country in a profoundly negative way. The takers in our society are emboldened and are grabbing at all they can get. In metropolitan areas, we are seeing well organized mobs storming high-end stores, grabbing merchandise, fleeing, and openly selling their stolen goods. In Washington and state capitols, the progressive takers are demanding more and more free services and subsidies. All...

The designer's company racked up three open tax warrants in New York state and got into even deeper trouble with the Feds Designer Aurora James called her "Tax the Rich" dress for Rep. Alexandria Ocasio-Cortez a "powerful message" — but it’s not one she has taken to heart. The 37-year-old fashionista who made waves at the Met Gala with Democratic-Socialist AOC last week is a notorious tax deadbeat with unpaid debts dogging her in multiple states, records show. Most of luxe-living James’ arrears center on Cultural Brokerage Agency, an LLC she formed in 2011 to serve as the parent company...

Source: Townhall Mediaresident Biden wants to finance his huge spending plans by raising taxes mostly on the highest income earners. He argues he wants the wealthy to pay their “fair share.” He has never defined exactly what their “fair share” would be. In theory, though, most Americans would probably agree that all income earners should pay their fair share. Biden’s proposal would end up over-taxing the wealthy. While he does not seem to be concerned about that, over-taxing the wealthy really hurts hard working Americans. The reason is simple. The US economy is capital intensive. There are two basic inputs...

Designer Aurora James called her “Tax the Rich” dress for Rep. Alexandria Ocasio-Cortez a “powerful message” — but it’s not one she has taken to heart.The 37-year-old fashionista who made waves at the Met Gala with Democratic-Socialist AOC last week is a notorious tax deadbeat with unpaid debts dogging her in multiple states, records show.

Rep. Alexandria Ocasio-Cortez donned an elegant gown with the slogan "Tax the Rich" painted on the back at the Met Gala in New York, where guests selected by Vogue's Anna Wintour ponied up around $35,000 a pop for tickets. The scene was reminiscent of Tom Wolfe's "radical chic" -- though rather than being guests of the well-heeled in Park Avenue duplexes, today's revolutionaries own luxury condos and drive around in government-subsidized electric cars that most Americans could never afford. My first question, though, is: Who doesn't want to "tax the rich"? Judging from my social-media feed, there seems to be...

There’s no need to pile even more scorn on Rep. Alexandria Ocasio Cortez’s “Tax the Rich” dress worn to a $35,000 per head gala. Social critics like Piers Morgan have already done this, joined by a chorus of conservative commentators and others online (such as here). Instead, I want to focus here on the whole “tax the rich” idea. When have we heard this before? Although the phrase is common enough, especially during political seasons (which, these days, seem to be constant), when I hear those words, my mind immediately races back to 1971. That’s when the rock band Ten...

Democrat Rep. Alexandra Ocasio-Cortez made an appearance at the Met Gala wearing a white gown with bright red letters spelling 'TAX THE RICH.' The congresswoman was photographed in the red carpet of the socialite event in New York City, where tickets are up to $35,000 and tables are $250,000. AOC wore an off-the-shoulder custom dress, red heels and a bag that also read 'TAX THE reach', designed by creative director Aurora James, ELLE reported. Brothers Vellies, James' luxury brand, is often worn by celebrities such as Beyoncé, Meghan Markle, Zendaya, Rihanna and Lady Gaga, according to the brand's website. It...

With U.S. debt having soared to all-time highs and massive budget deficits as far as budgeters can see, the progressive refrain is the same: "ensure the wealthy pay their fair share." But a new tax wish list put out by 80 progressive groups shows that the math simply doesn't add up. Even in their wildest dreams of taxing the wealthy, they can't close the current budget deficit, much less pay for their new spending priorities like Medicare For All or the Green New Deal. The progressive soak-the-rich fantasy includes a wealth tax, a higher corporate tax rate, a higher estate...

Protesters came to bury Gov. Andrew Cuomo — and to praise him — at dueling Manhattan rallies Saturday. Lindsey Boylan, the first female accuser whose allegations of sexual harassment while a member of Cuomo’s staff lit the fuse on the ongoing effort to oust him, led demands for his impeachment in Washington Square Park. “Abuse does not confine itself to one person or one area,” Boylan told a crowd of about 100 activists. “Someone who abuses their power doesn’t just do it to one woman or one community. They do it on some level to every person and every community.”...

New Jersey’s Democratic Gov. Phil Murphy unveiled his fiscal 2021 budget on Tuesday that aims to help plug a nearly $6 billion budget hole through a variety of revenue-raising measures — including renewed calls for a millionaire’s tax, among other rate increases for corporations and wealthy residents. “This budget proposal is not simply about getting New Jersey back to where it used to be, but moving forward to where we need to be by building a new economy that grows our middle class and works for every single family, while asking the wealthiest among us to pay their fair share...

Rep. Don Beyer (D-Va.) and Sen. Chris Van Hollen (D-Md.) on Thursday rolled out a proposal for a “millionaires surtax,” amid a growing interest from Democrats in increasing taxes on the wealthy. “This is a bill designed to address two major problems of public policy: the lack of revenue, and inequality,” Beyer said on a call with reporters. “It’s a laser-focused solution that requires those who benefited the most from the economy to contribute in a way they simply haven’t been asked to before.” The lawmakers’ bill, which is being co-sponsored by Sen. Sherrod Brown (D-Ohio), would create a 10-percentage...

It’s a strange campaign season, loaded with fantastical promises of government handouts for health care, college and even a guaranteed national income. But Sen. Elizabeth Warren ’s Social Security plan takes the cake. With trillion-dollar federal budget deficits and Social Security heading for bankruptcy, Ms. Warren proposes to give every current and future Social Security recipient an additional $2,400 a year. She plans to finance her proposal, which would cost more than $150 billion annually, with a 14.8% tax on high-income individuals. If Franklin D. Roosevelt were alive, he’d surely wonder why anyone calling herself a Democrat would want to...

DETROIT, Michigan — Rep. Rashida Tlaib (D-MI) refused to answer questions about conditions in Baltimore, despite the fact that Democrats have rallied around the city to oppose President Donald Trump’s criticisms. Tlaib was addressing reporters at a protest near the venue for the second Democratic debate, which is being hosted by CNN at the Fox Theatre in downtown Detroit on Tuesday and Wednesday evenings. The theatre is within the boundaries of Rep. Tlaib’s 13th congressional district. Tlaib was participating in a “tax the rich” protest, complete with an inflatable chicken with a Trump hairstyle. Tlaib has been vocal in her...

I wrote five years ago about the growing threat of a wealth tax. Some friends at the time told me I was being paranoid. The crowd in Washington, they assured me, would never be foolish enough to impose such a levy, especially when other nations such as Sweden have repealed wealth taxes because of their harmful impact. But, to paraphrase H.L. Mencken, nobody ever went broke underestimating the foolishness of politicians. I already wrote this year about how folks on the left are demonizing wealth in hopes of creating a receptive environment for this extra layer of tax. And some...

Tuesday, Reuters released the results of a survey of 21 countries which found a majority of people want more taxes on the rich to pay for more welfare: In all of the 21 countries surveyed, more than half of those people polled said they were in favour when asked: “Should the government tax the rich more than they currently do in order to support the poor?” The OECD gave no definition of rich…Support was highest in Portugal and Greece, both emerging from years of economic crisis, at nearly 80 percent compared with an average of 68 percent, the Organisation...

Did I tell you I’m having new countertops installed tomorrow? That means today the handyman is coming to tear out the sink and cooktop so – no kitchen for Fat Tuesday! And I’ve got to to pack up EVERYTHING.  I took inventory last night and was surprised how much crap I’ve managed to cram into the cupboards and drawers of what is a very modest sized kitchen.So as I need to get busy I leave you with this gem to process: AOC’s mother left New York for the comparative sanity of Florida precisely because of the high tax policy her...