THE BIG PROBLEM WITH BIDEN’S NEW ‘MINIMUM TAX’ ON BILLIONAIRES
What does a president do when inflation surges under his watch, gas prices are out of control, and his signature legislation has failed miserably ?
Pivot back to scapegoating the rich, apparently.
At least, that’s President Joe Biden’s latest tactic. On Monday, Biden proposed a new “minimum tax” on billionaires. “For too long, our tax code has rewarded wealth, not work, and contributed to growing income and wealth inequality in America,” Biden said in a statement. “Under current law, when an American worker earns a dollar of wages, that dollar is taxed as they earn it. But when a billionaire earns income because their investments increase in value, that gain is too often never taxed at all.”………
Philosophically, I certainly understand the desire not to increase taxes on high earners. But I also understand the reverse, as in they helped in a big way to install this regime, so let them get it good and hard.
……..actual conservatives have very few rich benefactors. They have many more billionaire oppressors.
Mark Zuckerberg used Facebook to silence Trump and other patriots opposed to the fascism rising from the halls of Congress.
Zuckerberg also paid off state election officials to rig the election in Wisconsin.
Twitter censors us as well.
Jeff Bezos owns the Washington Post.
Bill Gates is funding biolab research in Red China.
The Internet oligarchs are power-mad.