Biden Failure # 47
Joe Biden wants to Tax the Rich 20 Percent
-For the Uncensored!
As someone who understands what the human language can create. Words of poetry and beauty, the things I hear from Joe Biden are the opposite. It’s hard enough to care what Joe Biden thinks, but sometimes I have to give him the benefit of the doubt. Which I doubt he even hears himself sometimes. According to Politico’s Brian Faler’s March 26th, 2022 article, through MSN.com. states, “The administration says that would hit the top 0.01 percent of households, generating $360 billion over the next decade, with half of that coming from billionaires. ‘For too long, our tax code has rewarded wealth, not work, and contributed to growing income and wealthy inequality in America,” the administration said in a summary of the proposal. This minimum tax would make sure the wealthiest Americans no longer pay a tax rate lower than teachers and firefighters. The plan comes as Democrats attempt to revive their long-stalled “reconciliation” tax plans and make good on campaign promises to hike taxes on the rich.”[i]
Okay, Mr. Faler from Politico is clearly not telling the truth, and it’s in Mr. Falers best interest not to. And rich people, aren’t going to like it. From Mary Kay Linge and Mark Lungariello from the New York Post, on March 26th, 2022, also state from Elon Musk, who said, “Eventually, they run out of other people’s money and then they come for you,” the multi-billionaire Tesla CEO and SpaceX founder posted on Twitter last year.” As it “Biden’s new tax could raise up to $360 billion over 10 years, say the aides who developed it, and would fall on the richest 700 Americans.[ii]And for anyone who attacks Elon Musk, they are merely just going to attack their wealth too. Because somehow being poor is cool.[iii]
But from Wealthtimefuture.com’s 03.27.2022 article, from CBS, “the world’s 2,365 billionaires enjoyed a $4 trillion boost to their wealth during the first year of the pandemic, increasing their fortunes by 54%”[iv]
So, what does all this mean? Very simply, it’s going to hurt anyone wanting to become the next Elon Musk. The democrats, in all their good intentions, want people to be poor. They want no one to rise up. The Boomers wnn’t accept aging and retire. The left won’t stop Antifa or BLM from attacking you in broad daylight but then pretend to pose “tax the rich” bills while they can’t even solve their own MAP problems.[v]
It’s hard for me to sympathize with a “tax the rich” scam when Joe Biden will betray his base, and he will continue to do so. I can’t pretend that Joe Biden wants to tax the rich, because even if he says he or his administration wants to help teachers and firefighters, good luck trying to convince me and all the firefighters, because even Janet Hook from the LA Times points out Biden’s failures.
In the March 18th, 2019 article, “Biden opposed school busing for desegregation in the 1970s. He voted for a measure aimed at outlawing gay marriage in the 1990s. He was an ally of the banking and credit card industries. He chaired the 1991 Clarence Thomas hearings that gave short shrift to the sexual harassment allegations raised by Anita Hill. He backed crime legislation that many blamed for helping fuel an explosion in prison populations. He eulogized Sen. Strom Thurmond (R-S.C.), who rose to prominence as a segregationist. He backed the Iraq war.”[vi]
So, to try and appeal back to his base is the failure, and even trying to come after the rich, is laughable.
[i] https://www.msn.com/en-us/news/politics/biden-to-propose-new-tax-on-the-uber-rich/ar-AAVxd4g. Found 03.29.2022.
[ii] https://nypost.com/2022/03/26/joe-biden-to-propose-billionaires-tax-on-richest-americans-report/. Found 03/29/2022.
[iii] And while as a Lapsed Catholic, I do sympathize with the poor. I do find that the poor got screwed over during the Pandemic of 2020. What I can and am suspicious of is poltiicians being unable to solve poverty but somehow we have to fight for other countries.
[iv] https://wealthtimefuture.com/2022/03/27/biden-to-propose-new-20-percent-billionaires-tax-on-richest-americans/. Found 03.29.2022.
[v] Take the L and run with it. You’re so busy defending pedophiles when you don’t even know what to call yourself some days.
[vi] https://archive.ph/RZWsS#selection-3241.0-3307.335. Found 03.29.2022.