Re: Did I mention that Biden and Democrats were wanting to steal your retirement? Sure I did.

On 10/27/21 10:05 AM, Siri Cruise wrote:
> In article 
> <[email protected]>,
>  B Hasselback <[email protected]> wrote:
> 
>> On Tuesday, October 26, 2021 at 6:34:29 AM UTC-5, BeamMeUpScotty wrote:
>>> https://www.thegatewaypundit.com/2021/10/biden-gang-now-pushing-billionaires
>>> -tax-reality-will-likely-soon-tax-americans-401ks-iras/ 
>>>
>>> Joe Biden may not know it but no doubt his Treasury Secretary does. A 
>>> tax labeled a ‘Billionaire’s Tax’ is being pushed by the Biden gang that 
>>> will in reality tax Americans’ 401Ks and IRAs. 
>>
>> My god you're dumb.  
> 
> https://www.npr.org/2021/10/27/1049505682/senate-democrats-unveil-
> a-plan-for-a-new-tax-on-billionaires
> 
>     The tax proposal would apply to just about 700 taxpayers, 
>     Democrats say — people who earn more than $100 million per 
>     year or who have more than $1 billion in assets for three 
>     straight years. It would require them to give the IRS a 
>     detailed account of how much the assets they own gained or 
>     lost each year, a process called mark to market.
> 
> The fearmongerring is that assets held by large corporations, 
> such as mutual funds, will be targetted, and thus reduce the 
> capital of individual investors. You can avoid that by making 
> this a personal income tax rather than corporate. Then the tax is 
> only capital of individuals, anyone with the income shown don't 
> have to worry about retirement.
> 
> Some assets are difficult to evaluated until om the market, but 
> if value after a year or when sold is less than the value you 
> last paid tax on, it becomes a capital loss deduction.
> 
> This is just the old game of the rich terrifying the poor to 
> protect the wealth of the rich. 'With this tax, if your house 
> value appreciates, them democrats in congress are going to tax 
> it, and force you to sell your house.' We got some of the most 
> inflated house prices around, but they're still in the millions, 
> not billions. However as the movie points out
> 
>     John Dickinson: [to John Hancock] Don't forget that most men
>     with nothing would rather protect the possibility of becoming
>     rich than face the reality of being poor.
> 

If you tax away the profits and create a stagnant economy then there are
no profits compounding in your 401k/IRA to tax later and no un-taxed
growth to retire on.  In fact a flat economy with growing government and
Democrat spending is not just stealing your retirement it steals your
children's income and thus steals their retirement also.

How can it be a loop-hole when there was never a tax on income that you
have yet to realize.... money you're about to make, is NOT money in your
pocket. And forcing them to claim it as income before they have it in
their hands isn't a source of income it's a potential for income.  And
as with income tax and every tax, the Democrats first tell us that it's
just on corporations or just on the rich or just one group and then when
it's passed into law, then  Democrats want to force it on the little
guy. You do know that INCOME tax was passed on corporations and was NOT
for the WAGES earned by the private citizen?  Look where the income tax
is now, Corporations can move the numbers around and pay ZERO income tax
and the little private wage earner loses 30% to 50% when all their taxes
they pay, top to bottom are added together.


The reason is that they will have you paying that tax and the
corporation will hire a tax consultant and a lobbyist and figure out a
way to have you pay more tax while they pay less.

The corrupt Democrats that sell us out to the Chinese and Corporation
don't care, as long as they get their back door deals that make them
millionaires after they leave office.

Which makes me want to ask, will they include BOOK DEALS that are signed
for or promised while a POLITICIAN IS IN OFFICE and make them pay the
tax on "their deal's" potential income, which they will receive after
they leave office... as their immediate "REALIZED INCOME" or will it be
deferred until they complete the contract and receive their graft money
for selling out the American people?

Why would the POLITICIANS true retirement plan of selling out America
for a BOOK DEAL to retire on... NOT be taxed like your retirement
account, on its potential value?  Why fix one part of that "Billionaire
tax" and ignore the Politicians who get millions from those Billionaires
and their zero taxed graft payments as they have thousands of NON
profits and media/propaganda centers that they run or donate stock
holders cash to, which is your retirement funds income being
misdirecred, to buy thousands of copies of the propaganda books to pay
off corrupt Politicians?  Corporations should be BANNED from spending
money on LOBBYING LAW MAKERS or giving money away to charities and NON
PROFITS.  Since they're stealing that money from stockholders and your
401K/IRA.

And we know that thousands of thousands is Millions, so the Billionaires
are printing their propaganda by hiring POLITICIANS with deferred
payments for their book and basically guaranteeing millions of copies
sold to their NON profits and PROPAGANDA OUTLETS that they start and run
and fund.




-- 
That's karma,

Democrats attempt at mandated assimilation is futile, a successful
resistance is inevitable.


*We don't need to test for the WUHAN virus we need to test for a*
*suppressed immune system* and the people with immune system problems
need the VIRUS PASSPORTS, NOT the rest of us who are healthy. And it's
not only the elderly who have low functioning immune systems, also
people with HIV/AIDS and others, which may be why those groups have the
most issues with the virus and/or the vaccine.
https://www.brighteon.com/1a421368-d95b-4aa9-9c42-01a8c91ed41e