Radiance3

Joe Biden is in a hurry t***sforming this country to Socialism. He is doing it right now. In addition, he has even moved up to a Marxist form of government.

America must wake up. Please get rid of these sucking bastards. Rewarding millions of i*****l a***n children for $450,000 each. An illegal family with 5 children could get $2.250,million each illegal family. While so many of us struggled and worked hard for the rest of our lives. I did work hard. Fact was I did 2 jobs when I was strong younger. Now, Biden will confiscate it to reward to law breakers who entered this country. I don't mind giving to those people here, and abroad. I must decide, not Joe Biden who is a crook and a thief.

Biden owns 4 mansions. Besides he owns perhaps millions in the bank accounts. Is he going to exempt himself from taxing all those increment of his assets?

This is what will happen once Biden change the tax structure.

1. The stock market will plunge dramatically. Please be ready for this if you have own stocks. It will affect our retirement funds. The 401k, 403b, Annuities, IRA's, Deferred compensation funds, and many others.
2. The economy will go down dramatically. Please prepare America.
3. Inflation will even move further.
4. Unemployment will move higher. Companies will reduce employment.
5. Many investors, and those who own appreciating assets will pull out, move investment to foreign countries like China, and Europe.

Note: Not only Biden, putting down those who've achieved, but also preventing the smart kids to move up using the CRT, WOKE, Cancel Culture.

Biden, and his handlers, Bernie, AOC, and Barack are destroying what God has created and gifted to human beings.

This is the most violent administration. Please get rid of them quickly.
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BY TOM OZIMEK October 30, 2021 Updated: October 30, 2021.

A new survey published by UBS Global Wealth Management found that a significant proportion of U.S. investors with at least $1 million in assets are taking action to get ahead of the tax changes proposed by the Biden administration as “their optimism in the economy wavers due to concerns about politics, potential tax increases, national debt, and inflation.”

“Investors would like to get ahead of potential changes by making adjustments to their portfolios,”
UBS said in the survey (pdf), noting that 40 percent said that, due to potential tax changes, they’re thinking about shifting assets that aren’t generating profits.

At the same time, UBS said that 39 percent have sought expert tax advice ahead of the potential changes, 36 percent have shifted some assets into trusts, and 34 percent have increased gifting to family and/or friends.

Concerns about tax increases rose by 9 percentage points to 61 percent in the third quarter compared to the prior quarter, UBS said in the survey, which was based on 900 U.S.-based investors and 500 business owners with at least $1 million in investable assets.

Optimism in the economy, meanwhile, took a dip among those polled, falling 8 percentage points to 61 percent compared to the prior quarter, while pessimism rose 9 percentage points to 26 percent.

The survey comes as President Joe Biden issued a $1.75 trillion social spending and climate spending framework earlier in the week, which includes plans to raise revenues by imposing a 5 percent tax surcharge on modified adjusted gross income over $10 million a year, strengthening IRS tax enforcement, and a 15 percent minimum tax on reported corporate profits for companies above $1 billion in profits.

In addition to the 5 percent surtax on income over $10 million, the plan proposes an additional 3 percent surtax—for a total of 8 percent—on income above $25 million. It also eliminates opportunities for wealthy taxpayers to avoid paying the 3.8 Medicare tax on their earnings.

The framework also includes a 1 percent surcharge on corporate stock buybacks.

It does not appear to include many of the tax proposals issued last month by the House Ways and Means Committee (pdf)—for instance, it does not propose to raise the top marginal individual income tax rate from the current 37 percent to 39.6 percent.

While Biden’s plan is a scaled-down version of the $3.5 trillion package, it is unclear whether it has full backing from Democrats, some of whom objected to the price tag of the bigger plan. Republicans are opposed.

Not only opposed by get rid of these Biden, Yellen the sucker, and whoever allows Biden to abuse and steal the money of the people who've worked hard to achieve. This will discourage people from earning. Just handout from the government. What will happen is like the country of

Tom Ozimek

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lpnmajor Loc: Arkansas

I guess you're not familiar with gov seizure policies, local, State and federal, that have been in place for a century, approved all across the spectrum. Then there are the condemnation policies, to get people out of the way of money making ventures AND imminent domain. Where's your outrage about THOSE abuses?

As long as people like you come wagging your tails and baring your teeth, every time you hear the "socialism" dog whistle - you're allowing corporate/gov/special interests to steal you blind - and leaving YOU holding the bag.

Milosia2 Loc: Cleveland Ohio

Well said .

Radiance3

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Your ignorance about imminent domain shows clearly. Eminent domain is taking private properties for government use like buildings, roads, and bridges., or expansions of government facilities.Eminent domain, government is required to compensate the property owners for the value of the property taken for public use. That is the law.

On the contrary Biden is confiscating properties of people especially money from those who've earned and succeeded to rewarding i*****l a***ns, dumb, and lazy, who've violated out laws.

The CRT, WOKE , and Cancel , the government use them to prevents the brilliant kids from using to advance. The purpose is to level with those dumb violent kids.

Big Kahuna

Kind of like Regressive hack Mark Suckerberg stealing our 2020 e******n blind by giving $430 million to the dems to put thousands of mail-in mail boxes on every street corner to allow for millions of f**e v**es to be cast without verification to steal the e******n. Why isn't that greedy corporate whack job put in prison?

Radiance3

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Zuckerberg and those Hi Tech companies like the Facebook, Alphabet, Twitter, etc., are tools used by the left to pursue their progressive agendas.

Likewise none among the democrat politicians, have been investigated, or arrested for crimes committed, from Obama, whose administration run over the constitution violating his oath of office to "defend and protect"
https://gosar.house.gov/news/documentsingle.aspx?DocumentID=2325

Hillary Clinton, still thinks she is a victim despite of her various crimes. All those involved on the Deep State, ObamaGate, the FBI's are all free. The Public Schools Administration, are protected destroying and indoctrinating the children, empowered by Joe Biden's and his DOJ.

DOJ does not provide justice for the country. It is the tool for Joe Biden's agenda to t***sform this country to Socialism and finally to Marxism.

President Biden violates the constitution that he had sworn to protect and defend. The 1st Amendment right is gone; the 2nd Amendment right is now restricted; the IV Amendment Right is violated.

Here is the Preamble of the Constitution:
" We the People of the United States, in order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for common defence, promote the general Welfare, and secure the Blessings of Liberty to ourselves, and to our Posterity, do ordain and establish this Constitution of the United States."

Those democrats elected to power violate this Creed, but promote their power and control, not for the people and country but for their own. Notice that all democrat cities and states are violent. E.g. Chicago, NYC, CA.

On the contrary, anybody who supported Donald Trump have been prosecuted since he engaged in politics in 2016. President Donald Trump has been prosecuted for 5 years until now, with all kinds of attacks, harassments, impeachments, you name it, and all the people supporting him. Innocent Carter Page, Papadoupolos, Giuliani, Bannon, Gen. Flynn, and so many others. They also attacked First lady Melania and all Trump's children.

Fact of the matter is president Trump is the only president who earned his money and paid millions of taxes to the local and federal government. On the contrary all the democrats are crooks, and have depended from the taxpayers enriching thru their political jobs. That is why they never want to get out from their jobs. They do all kinds of crimes, defraud the e******n, to stay in power forever. They never earned anything, except sucking the government system.

In NYC and Chicago, all those who've committed crimes no longer have to pay the bail while being investigated. They are all released. As they demanded remove all the police officers. These mobs/thugs took over the streets. 24/7. Even Muslim Tlaib in Congress, demanded that all police officers be removed. Now, what took place? All crimes are happening right on your faces. The innocent suffer. The LIBS don't care. It is the new normal.

Big Kahuna

Radiance 3, you need the OPP prize for t***h telling. You should be teaching classes in t***h telling to all the l*****t prevaricators on this site.