Thursday, April 29, 2021

When a politician uses the word "investments", hold on to your wallet


 Like All Robbers, They Wore Masks  . . . "Hundreds of masked people conspired to rob your children and grandchildren on Wednesday evening in Washington. Like the Hamburglar, Robin Hood, and the Riddler, the thieves hid their faces behind masks.
"Chalking up the facial accoutrement to the bylaws of the Secret Society of the Knights of Fauci misses something beyond their identities. The already vaccinated wore masks for the reasons other violators of “thou shalt not steal” do: so their victims cannot pick them out of a lineup, to allow the anonymity to boost their courage, to psychologically separate themselves from the act, shame.
"The conspirator-in-chief outlined the $6 trillion in proposed and actual spending during his first 100 days in office at the gathering. “We can afford it,” Joe Biden assured his audience. But the weight of a $28 trillion debt and a fiscal year 2021 projected (before Biden took office) deficit of $2.3 trillion contradicts those words.  
"And who is this “we” of which the president speaks?" . . .

Biden tells rich to 'pay their share' with tax hikes as he tops off $6TRILLION Big Government splurge with $2.3TRILLION 'blue-collar’ jobs plan announced in address to Congress slammed by Republicans as a 'boring, socialist dream' "President Joe Biden launched his sweeping tax hikes, attacked Wall Street, said he inherited a country in 'peril' and laid out a list of legislative demands in his first address to Congress.

Walking into a chamber with just 200 lawmakers he pitched his $2.3trillion 'blue-collar blueprint' American Jobs Plan, pushed his $1.8trillion investment into 'human infrastructure' and spoke about how he will try and deal with the border, China, guns and police reform. 

"He also handed over more responsibility to Vice President Kamala Harris by asking her to promote his investment in 'jobs, jobs, jobs' and insisted she would 'get it done', a month after directing her to deal with the border.  

"He opened his speech standing in front of Harris and Speaker Nancy Pelosi by calling the Capitol riot the 'worst attack on our Democracy since the Civil War' and said 'America's house was on fire' when he took office - but he didn't mention Donald Trump.

"Republicans widely panned the speech as 'boring' and a list of 'socialist dreams'. GOP Senator Tim Scott said in his party's rebuttal that the president was 'pulling the country apart' instead of promoting unity and his remarks were 'full of empty platitudes'." . . .  More...

Joe Biden Announces $1.8 Trillion ‘Human Infrastructure’ Proposal to Congress Partly Financed by Expanding Death Tax   . . . "A breakdown of the tax adjustment from the officially named American Families Plan are as follows:

  1. Raise the top income-tax rate to 39.6 percent from 37 percent
  2. Raise the capital gains and dividends tax to 39.6 percent from 20 percent for households making more than $1 million
  3. Raise the payroll and investment taxes each by 3.8 percent — the top rates on wages and the death tax would reach 43.4 percent from 23.8 percent
  4. Use the previous 3.8 percent increase to expand over other types of income currently uncovered like active income from S corporations making over $400,000
  5. Adjust death tax to include unrealized gains as sold and thus taxable with an exemption of $1 million a person
  6. Limit the ability for real estate to be exchanged without reporting capital-gains income by capping that break at $500,000  . . . 

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