Tag Archives: billionaire tax

WYDEN: “I can’t imagine the Supreme Court wants to give the wealthiest people on earth billions in tax cuts.”

Let’s parse “I can’t imagine the Supreme Court wants to give the wealthiest people on earth billions in tax cuts”. There is no annual billionaires wealth tax or taxes on unrealized gains yet. Wyden says that NOT TAXING PEOPLE is a tax cut? Is anyone paying attention to his stupidity? So every year that 100% of your income is not taxed, you got a tax cut. There are grave constitutional issues for imposing taxes on unrealized gains, does anyone in DC care?

Is he the dumbest person in the Senate? Perhaps, but there is plenty of competition.

It won’t be long until this impacting “a few hundred” people is “a few hundred million people.” Remember the $400,000 cutoff is where one is rich or not.

“Build Back Better” is an Orwellian name if ever there was one. The Democrat party and many of their voters believe that your life and the products of it may be disposed of at their whim. The same justification that led to their defense of slavery, just in the third party now: it isn’t “we need it”, it is “someone else’s need justifies taking the hours of your life.”

See https://apple.news/Ad7K0nNcDSTqPQrIlsaFx3A

p.s. If you want to destroy a country and liberty, debase the currency. The degree to which the currency is debased will be proportional to the destruction. MMT is insanity masquerading as economics.

Unrealized capital gains to be taxed on billionaires?

If this passes – taxing unrealized capital gains for billionaires, it won’t be long until it is applied to the rest of us. The income tax after all was only supposed to hit “only the richest taxpayers.” Sounds like now with the billionaires for huge change in taxing authority.

https://www.washingtonpost.com/us-policy/2021/10/22/sinema-warren-billionaire-tax/

Envy, greed, money and power are fantastic motivating factors for politicians and their voters.

It will also be rife with fraud for people who can afford it since regular people won’t be able to hire legions of accountants to value private entities, artwork and the like.