Posted on 03/08/2023 7:08:56 AM PST by ChicagoConservative27
I saw a video of Robert T. Kiyosaki talking about taxing the Super rich, the billionaires, and getting them to pay their fair share.
“The super wealthy billionaires don’t have jobs, they have cash flow, and you can’t tax cash flow. So when ever I hear a politician talk about we’re going to tax the rich and get them to pay their fair share. I say good luck with that.”
Well, that should help the economy /s
People who ‘systematically’ break things are not morons.
Biden is cognitively struggling for sure, but he’s been in Washington forever and understands quite well how his policies are effecting the country.
US Citizens can’t escape the IRS. You have to renounce your citizenship.
Taxing unrealized gains is ludicrous. Will they give tax returns for unrealized losses?
But only for those making over $400k/year . . . . (do I really need the /s)
And they can always change the definition of “wealthy”.
The IRS cannot do anything about monies in many foreign accounts without that governments consent, citizen or not.
They can only tax someone on what they have access to. If you think people with that level of wealth cannot invest in ways untouchable by the IRS you are somewhat mistaken.
To date their is no tax for “existing” but I will concede that may come.
“by making the wealthy and big corporations begin to pay their fair share.”
It’s all political.
In 10 years, a 200k income will be 400k given this inflation.
John Kerry want the us to spend 3 trillion a year on climate change, the gross taxes In The country are around d 3 tri,lion or so according to Newsmax show this morning.
Even people that have owned a home for years that has increased in value.
If it’s enough money the IRS will and can go after them very easily. Most countries to work with the US. That’s why we give so much foreign aid. Even Switzerland has changed their banking laws to allow the IRS access to their accounts.
Big Brother can and will get you if they want to. It’s a big risk for them.
It’s better to just kill the these stupid tax the rich/wealthy only. Atlas Shrugged is more true today than ever.
Dim translation of wealthy: Middle class.
Not as easy as you think. Current least of over 90 countries not on FATCA and Morocco does not report and will not.
https://best-citizenships.com/2019/12/06/non-fatca-countries/
Wall Street and specifically the big banks have perfected the perfect crime and its the most lucrative scam in history.
They inflate the market with rigged instruments that only they understand, they get early information to maximize returns, and the bigwigs get massive bonuses based on their returns. “We” (the American people) even give them free money to create the bubble (quantitative easing).
When the bubble(s) inevitably bursts, “we” bail them out because they are “too big to fail”. Rinse and repeat.
What a racket. The little guy gets screwed at every turn since we are forced to play their game.
Remember.... nobody went to jail for the 2008 housing crisis that was a government supported FRAUD. Nobody. Why? Because they wanted equity in home ownership (politicians) and the executives wanted their bonuses (bubble returns).
We still live with the damage and this administration is now playing the same fraudulent game but this time it is not with real estate - it is with the currency.
What could go wrong? Why can’t the American people see that the only people who benefit from the boom-bust bubble cycle are the banksters and politicians?
“by making the wealthy and big corporations begin to pay their fair share.”
Economically the left only knows one tune. They don’t know how to grow wealth only how to redistribute it. Let’s hope this monotonous message continues to wear thin.
I Watched a video by an economist who showed via graphed going back to WWII that basically the US Government has only taken in an average of 19% of the income year to year. Tax increases due not yield more revenue, people figure out how to Shelter their income from taxes. So Joe, not going to solve the problem, kind of like an Alcoholic demanding more booze, doesn’t end well.....
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