ECONOMICS: A “wealth tax” is tax on unrealized gains; not “income”

Saturday, March 27, 2021

https://www.americanthinker.com/articles/2021/03/the_government_is_considering_a_financial_weapon_of_mass_destruction.html

March 25, 2021
The Government Is Considering a Financial Weapon of Mass Destruction
By John Klar

*** begin quote ***

In seeking to tax unrealized income from hyper-inflated capital assets, AOC, et al. are launching an aggressive, unconstitutional plan to destroy the national economy while growing government limitlessly.  Given her past pronouncements, she likely understands this travesty even less than she comprehends cow farts.

What is terrifying is not that AOC is calling for insane monetary policy and whole new means of tax takings.  What is terrifying is that almost no one is raising the fiscal alarm.

*** end quote ***

And, like the income tax, that started by impacting the top per cent, it quickly came down on everybody.

There’s no way that such a tax doesn’t destroy the economy’s “seed corn”.

The rich don’t have a basement full of bucks like Scrooge McDuck in their basement.  It’s spent or invested and EVERYONE benefits.

Argh!

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Posted by reinkefj

ADHOC: I’m speechless at this poor man’s plight

Saturday, March 27, 2021

https://www.dailymail.co.uk/news/article-9407385/COVID-patient-returned-hospital-apartment-cleaned-out.html

Manhattan building part-owned by Barbara Corcoran and A-Rod emptied a tenant’s rent-controlled apartment (apart from his piano and pet tortoise) when he was hospitalized with COVID because ‘everyone assumed he’d died’

  • Japanese native Ryo Nagaoka, 60, has lived in the East Village apartment for more than 20 years 
  • He works in midtown, at a noodle restaurant, and lives alone with his pet tortoise, Kame-san, which in English translates to Mr. Tortoise
  • In January, he was rushed to the hospital after being found unconscious in his apartment by his super 
  • He spent two months in hospital and then an out-patient facility being treated for complications 
  • Nagaoka returned to his apartment on Wednesday and found the locks had been changed 
  • When he eventually got inside,  he found all of his possessions had been thrown out aside from his piano 
  • Someone had rescued his tortoise andeighbors said they assumed he had died because no one had seen or heard from him for so long 
  • Now, a GoFundMe page has raised more than $30,000 for him; Barbara Corcoran donated  $12,000 

By JENNIFER SMITH and RICHARD HARBUS FOR DAILYMAIL.COM

PUBLISHED: 16:19 EDT, 26 March 2021 | UPDATED: 18:12 EDT, 26 March 2021

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I foresee some huge lawsuits.

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Furious voters slam Peter Buttigieg after he said White House may tax drivers by per mile | Daily Mail Online

Friday, March 26, 2021

Furious voters have slammed the Biden administration for considering taxing motorists by the mile to fund their $3 trillion climate-friendly infrastructure plans, claiming it hurts rural Americans but not ‘millionaires’ and their Teslas.

Furious voters slam Peter Buttigieg after he said White House may tax drivers by per mile | Daily Mail Online

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Not surprising that the D”s want to tax everything in sight.

If they tax by the mile, then will they remove the gas tax?

Not very likely!

Argh!

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GUNS: Hunter Biden’s felony for lying on background check

Friday, March 26, 2021

https://www.wnd.com/2021/03/hunter-bidens-latest-possible-felony-lying-background-check/

Hunter Biden’s latest: Possible felony for lying on background check
Answered ‘no’ to question about drug use on gun application
By WND Staff
Published March 25, 2021 at 7:14pm

*** begin quote ***

The question on the background check form was, “Are you an unlawful user of, or addicted to, marijuana or any depressant, stimulant, narcotic drug, or any other controlled substance?

Politico reported Biden answered in the negative on the form in October 2018.

“Lying on the form is a felony, though prosecutions for it are exceedingly rare,” Politico noted.

*** end quote ***

Of course, if I did it, it wouldn’t be “exceedingly rare”.  I’ve seen men taken away from gun stores in cuffs for their “forms”.

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Posted by reinkefj

Biden lies, and the media doesn’t question it: Goodwin

Thursday, March 25, 2021

The final proof that the press has abdicated its role was clinched when the president refused to say when he would allow more media access to the border detention facilities. He said it would have to wait until his team got its new programs working. If Trump had said that, the sky would have fallen and democracy would be declared dead. But when Biden says it, the media rolls over. So add transparency to the list of things that don’t matter anymore.

Biden lies, and the media doesn’t question it: Goodwin

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The media is in bed with the Democratic Party. Remember that when you wonder where our freedom went! #secession #resistance

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Posted by reinkefj

Facebook update sucks

Thursday, March 25, 2021

Seems to have destroyed any vale by putting a ton of verified strange “celebrities” in my feed.

One step closer to deleting the app.

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Posted by reinkefj

Here We Go – FBI Knew Boulder, Colorado, Suspect Identity Prior to Shooting – The Last Refuge

Wednesday, March 24, 2021

A reminder…. 50 FBI agents were enlisted within the Trump-Russia investigation to push a narrative. 13 FBI agents were dispatched to Talladega speedway to investigate a garage pull-down rope and push a narrative.  Thousands of FBI hours have been spent investigating the January 6th Washington DC protest… and once again another terrorist carries out a mass shooting where the FBI knew the suspect in advance. The FBI knew in advance the Pulse Nightclub shooter (Omar Mateen) and were tipped off by the local sheriff.  The FBI knew in advance the San Bernardino Terrorists (Tashfeen Malik). The FBI knew in advance the Boston Marathon Bombers (the Tsarnaev brothers) tipped off by Russians.  The FBI knew in advance the Garland, Texas, shooters (Elton Simpson and Nadir Soofi).  The FBI knew in advance of the Parkland High School shooter (Nikolas Cruz). The FBI knew in advance of the Fort Hood shooter (Nidal Hasan); and now the FBI knew in advance of Ahmad al-Aliwi Alissa. Those are just off-the-top of my head…  Anyone notice a pattern?

Here We Go – FBI Knew Boulder, Colorado, Suspect Identity Prior to Shooting – The Last Refuge

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Unfortunately, this seems to be a repeating pattern of abuse by the FBI!

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Posted by reinkefj

Reinventing the Jet Airliner | Cato Institute

Tuesday, March 23, 2021

https://www.cato.org/blog/reinventing-jet-airliner

*** begin quote ***

Suppose I told you that I have reinvented the jet airliners that carried Americans more than 750 billion passenger miles–about 10 percent of all passenger travel–in 2019. My reinvented jet will go less than half as fast as existing jets. It will cost six times as much to operate, per passenger mile, as existing jets. Unlike existing jets, which can go anywhere there is air, the reinvented jet will only be able to go on a limited number of fixed routes.

*** end quote ***

Applying sarcasm to their “pet rock” project is a great way to “derail” it?

If the politicians and bureaucrats want it so bad and think it’s such a great idea, let them invest their retirement money in it.

Not very likely.

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Posted by reinkefj

MONEY: MMT is the “voodoo economics” of 21st century

Monday, March 22, 2021

https://www.newsmax.com/finance/drmichaelbuslerphd/modern-monetary-theory-inflation-federal-reserve-money-supply/2021/03/19/id/1014452/

Modern Monetary Theory Is Wrong: Inflation Is Coming
By Dr. Michael Busler, Ph.D.Friday, 19 March 2021 12:59 PMCurrent | Bio | Archive

*** begin quote ***
 
Many economists and much of the public are beginning to worry about the massive increase in the money supply and the massive increase in deficit spending. With a public debt approaching $30 trillion and a money supply that has increased by 25% in the last two years, the worry seems justified. However, Modern Monetary Theory (MMT) says we have nothing to worry about.

MMT says that since the US uses a currency that is not backed by anything other than faith in the government, more money can always be printed to pay off the debt. And the increase in the money supply will not necessarily lead to inflation.

*** end quote ***

I don’t understand how more “dollars” in circulation chasing a relatively fixed amount of goods and services can NOT Lead to higher consumer prices.

The only one who benefits from inflation is the Gooferment.

The poor, the retired, those on fixed income, bondholders, and the middle class are getting screwed.

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Posted by reinkefj

Previously-Deported Illegal Alien Rapes Two Young Girls: One Taxpayer-Relief Shot Later, Problem Solved – RedState

Sunday, March 21, 2021

An illegal alien rape suspect was released from jail in Maryland in August 2019, just three days after being arrested, despite a request from ICE to keep the guy in custody, so immigration officers could be sent to pick him up.

Previously-Deported Illegal Alien Rapes Two Young Girls: One Taxpayer-Relief Shot Later, Problem Solved – RedState

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I just shake my head baffled by the absolute stupidity of politicians and bureaucrats in not “securing” these dangerous repeat offenders.

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