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Tuesday, March 16, 2021

Trump supporters need to play hardball


Rebel News reported, "President Joe Biden is reportedly planning to increase the federal tax — the first major hike in almost 30 years — to help pay for the economic program that is set to follow the $1.9 trillion coronavirus stimulus package passed last week."

That's interesting. Clinton raised them in 1993. Bush II and Donald Trump lowered them.

Rebel News went on to say, "According to Bloomberg, sources close to the matter say that the increases will reflect promises Biden made in his 2020 presidential campaign.

"Sources state that planned increases include raising the corporate tax from 21% to 28%; an increase of the income tax on high-income earners — defined as those making over $400,000; an expansion of the estate tax;  paring back tax preferences on pass-through businesses such as limited-liability companies; and a new tax rate on capital gains for those earning at least $1 million."

I am sorely tempted to play hardball with the rich. After what they did to conservatives in America, I want to make them pay. I am tempted to say soak the rich and tax the hell out of them.

None of these companies showed even an ounce of gratitude for President Donald John Trump's 2017 corporate tax cut. They worked to elect Chairman Xiden.

We must exact a price for their disloyalty. Politics must be played to win. Turncoats must be punished. Savagely. Corporate America has abandoned the American people. We must return the favor.

But how?

Supporting a tax increase strikes against what I stand for. But there is a part of me that says go for it. Punish the bastards. In fact, why stop at 28%? Make it 56%. Apple, Google, and Nike all side with Red China now. A confiscatory tax will hurt the economy? Piffle. Covid 19 already destroyed it.

Meanwhile, Pocahontas is pushing her wealth tax, which would confiscate 2% of the wealth annually from billionaires.

I know it is wrong -- unAmerican and unconstitutional -- but I am so tempted to say go for it. Jeff Bezos and Bill Gates believe they can take conservatives for granted by pushing that Maoist Democrat agenda. Call it a social justice warrior tax. Bill them for the ever-growing government they want. Let Mark Zuckerberg and Oprah pay for reparations.

Then there is the income tax. Warren Buffett has complained for years about his taxes being too low. Never mind that he pays the lower capital gains tax than the posted income tax rates, Buffett has let Democrats use him as a stooge to the case for higher taxes.

Part of me says OK, give the man what he requested. Make the capital gains tax rate the same as the income tax rate. Problem solved.

Trump supporters helped Make America Great Again. We were harassed. We were called deplorable. We were sent to the children's table.

The Buffetts and Elon Musks of the world reaped billions. And they rewarded us by stealing the election.

After 2020, they need to find someone else to carry their water on taxes because I really don't feel up to protesting a tax hike right now.

75 comments:

  1. On paper I would disagree, but I can't make the case that you're wrong given the positions of the players involved.

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    1. Are most Americans slow thinkers or what ? Fighting back has been necessary and obvious for years as I mention often ! So why do supposed conservatives lose always ? Because they do not fight in the first fxxking place, DUH !

      Wake up finally weaklings.

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  2. Pushing a Maoist agenda will not do the billionaires any good when the woke mob finally decides to confiscate their wealth. Ask any of the (formerly) wealthy Poles or Czechs.

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    1. These people all think things like Mussolini and his girlfriend hanging from a gas station are relics of the past. It's a very short leap for that to happen to them but they can't see it.

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    2. Jake, they pay people to be their army of guards. The problem for them is those guards are like us, moderate income folks who resent the lavish styles while we eat crumbs. Will their own guards be the ones who hang them from the lamp posts?
      I'll fight to protect my life and lifestyle. I won't fight for theirs.

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    3. We can sure hope so, sir!

      I'm with you. I'll fight for myself, family, or friends like you, but not for them.

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    4. Getting tired of even the right side stating "Biden was elected...", he was not and as such it's high time everyone ignored him

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  3. There's nothing to stop the Demonrats at the national level. No, Manchin won't save the country. Don't kid yourself.

    We need nullification and non-compliance. It works for the left.

    Seems the only fighter on our side other than Trump is DeSantis (and to a lesser extent Noem).

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    1. Oh, and as far as a tax hike goes, raising the corporate rate just makes doing business in the USA less attractive. Exactly as Xi ordered. ARBITRAGE.

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    2. Corporations don't "pay" taxes anyway...they just pass it along.

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    3. Exactly. Which makes their products more expensive and harder to sell. By relocating they get the best of both worlds.

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  4. Give it to them good and hard. A famous quote.

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  5. Very mixed emotions.

    I want them to cut spending (you may say I’m a dreamer, but I’m not the only one).

    I despise the estate tax - I have been working for a year and a half on my aunts estate and the only winners are the tax collectors and the attorneys.

    But I can disagree with your premise.

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  6. Investors in public companies - with unrealized positions of say more than $1 billion, need to pay a tax on that 'wealth'. Since it is a public company, they can sell any portion of it quickly to raise cash and pay the tax. Give'em 10 years to turn paper gains into taxable gains, after that, rachet up the tax on the filthy rich Rentiers.

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  7. I agree with your main points that they should pay for their disloyalty to America. However, I see two problems if this tax hike happens.
    1. Most of these entities can simply pass the higher costs of their business onto others. (many of us)

    2. When the government realizes they still can't generate enough revenue by taxing the rich, they will pass tax hikes onto more of us in the middle class.

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    1. Actually, they can't as easily as you may think. Apple can, but Amazon cannot.

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  8. Amen. I never thought I would say this but screw em. Support massive tax increases on the rich. I say a 20% one time tax on all billionaires and then a 5% a year after that. They need to pay for what they have chosen.

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    1. No thanks. If my boss sells his jet due to a tax hike I lose my job, career, savings, house, EVERYTHING. He'll just charter when he wants to fly and save money but I'll be hosed.

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    2. Everyone has to make sacrifices. if you were a welder on the Keystone, you would have to do something else - learn to code, I think is what they told us to do.

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    3. Yes, but I'm an "Essential Worker" -- essential.

      (BANG)

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  9. Come ON, y’all! EVERY SINGLE DAMN TAX INCREASE winds up trickling down to the working classes (working classes). Haven’t you listened to any Gang of Four?

    Aim for politician fair, who'll treat your vote, hope well
    The last thing they'll ever do, act in your interest
    Look at the world through your Polaroid glasses
    Things'll look a whole lot better for the working classes (Working classes)

    [Refrain]
    I found that essence rare, it's what I looked for
    I knew I'd get what I asked for

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    Replies
    1. Dirt behind the daydream
      The happy ever after
      Is at the end of the rainbow

      Delete
  10. "EVERY SINGLE DAMN TAX INCREASE winds up trickling down to the working classes..."

    Truth, in more ways than one.

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  11. What zregime said, and it won’t come down in a trickle. Taxing the rich isn’t where the money is, and it isn’t where the power is. Any tax passed by Democrats that purports to tax billionaires will include enough workarounds for those who can afford tax lawyers, that the burden will fall squarely on workers and other Trump supporters.

    The tax would have to be written simply, and with as few words as possible to avoid hiding hidden taxes on workers inside, and somehow be limited to the top 2% in a way that it is always limited to the top 2%. Otherwise the Democrats are Willie Sutton all over again.

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    1. Actually it falls on the well off who cannot finance all the tax lawyers and accountants, who cannot pay to restructure businesses so the estate tax man doesn't force its sale to the real rich. It insulates the very rich from having upstarts knock them off their perch. The poor and middle class pay almost no income tax.

      Now in fairness, these up and coming wealthy all voted for Biden because they didn't like mean tweets, they put BLM signs in their yards to show how with it they were. So I say go for it - tax them up the you know what. They asked for it, they should pay for it good and hard.

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  12. On thinking it over, I have to go along with Don. Those who stabbed President Trump in the back deserve what they get from Democrat tax legislators, and the rift in that unholy alliance would be good for us normal Americans.

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  13. I support a special 50 percent tax on all federally elected politicians' earned and unearned income, although they don't deserve this generosity.

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    1. Ha ha.

      I think Congress needs to have people chosen like jury duty--at random. We would be better represented.

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    2. Right.

      Jeffery, if you actually had an intelligent idea, most people wouldn't believe it was yours. Of course, this is all agitprop for class warfare.

      ROLCON.

      PS Juries, as you, of all people would know, are not selected by random. The panel is, but even those are selected through voter registration.

      That might be some kind of justice in your case, a lot of good Catholic homophobic Chicanos on your jury.

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    3. Hey, Edweenie, learn to read, a-hole. The **Jury Duty pool** is random. I never said the JURY was chosen randomly, putz. Wake up you schmuck and learn to read for COMPREHENSION you unEDucated, arrogant, inbred, E.D.-stricken, phony-conservative buffoon. (We need to change your nickname to E.D. Weenie.)

      And yes, I'm a homosexual--I'm a Male Lesbian. Women are amazing. You should try one sometime.

      #COAD Jeffrey.

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    4. Dadgum phone. JURY DUTY should have been capitalized for effect. It won't matter. Ed-the-Dope can't read any way.

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    5. Jake, careful about identifying as a lesbian trapped in a man's body, some crazy dyke might try getting you out with a knife.
      As for our elected rips, end their retirement scam. Any retirement should come from their home state, be voted on by the legislature, and ratified by the voters, with a five year cooling off period before the vote.

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    6. Your first point is noted. (LOL) Your second point is seconded!

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  14. The lovely Maria Bartiromo had a great video about this. She says the 20% or so increase in capital gains taxes from 2021 to 2022 will cause a massive sell-off of stocks this year.

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    1. Hardest hit, the average working stiff, because that's where his pension is.

      You're fooling no one, Jeffery.

      Delete
    2. Look, there goes Edweenie with the Jeffrey crap again. Mkelley, congrats. You are now the tenth (at least) member of the Jeffrey Club.

      (Ed the Talking Horse's Ass thinks he is multiple people--based on the voices in his empty head--while the rest of us are the same one.)

      Welcome aboard! And I agree about Maria. She's a cutie.

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    3. Re: Maria, as I recall, she was the original "Money Honey." :D

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  15. Agree. Conservatives should insist the wealthiest suffer the consequences of their politics.

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    1. Spoken like a true Commie, Jeffery.

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    2. Shut up, Edweenie. You're a bigger fraud than Bidet*.

      Congrats, dfp21. You are the eleventh member (at least) of the Jeffrey Club.

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    3. The Jeffrey Club!!! We need a patch for our jackets!!!

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  16. Who cares if we conservatives support this or fight it tooth and nail. It's institutional fraud that put them in power to do whatever they want, and after the 2020 election fraud and ZERO consequences, they are truly emboldened. It will only get worse in future and currently there's nothing we can do about it. In fact our corrupt FBI will make sure that any conservative protester is treated like Roger Stone. Very sad indeed


    https://www.americanthinker.com/articles/2021/03/the_sovereign_crime_of_industrial_scale_vote_fraud.html#

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    1. But you still love it, don't you, Jeffery?

      ROLCON.

      Delete
    2. Someone get Edweenie a straight jacket, stat.

      TO were you already in the Jeffrey Club or are you now #12? We already had at least eleven.

      Delete
    3. Oh no! I've been a proud member of E.D.'s "Jeffrey Club" for a month or so now...ever since he misinterpreted a post I made; plus he thinks my 'handle' is disrespectful to Trump even though in this case, Trump is my Australian Shepherd dog!
      I picture E.D. as the Michael Douglas character in "Falling Down"...eventually he'll snap and we'll all ready about him

      Delete
    4. HA HA HA! That's epic. E.D. is the perfect nickname for that guy.

      "YOU FORGOT YOUR BRIEFCASE!!!"

      Hahahahahahahha!!

      Okay, so we have eleven members and counting. He hasn't called Susie "Jeffrey" yet that I recall but we'll be up to twelve shortly. I think he's added four or five since yesterday.

      What a tool. Hell, he's the entire kit.

      Delete
    5. Not sure if ED ever called me Jeffery. He did say I was part of the problem because I had uncommitted sex in the 70's.
      "Must have been a dream
      I don't believe where I've been
      Come on, let's do it again" Wilbur needs to barn that jackass.

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    6. We need to get you in the Jeffrey Club bruh.

      As for Edoucher (a classic by you), he didn’t have sex in the 70s, committed or otherwise, because nobody would have him. That hardly makes him virtuous!

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    7. Can't take credit for Edoucher. That would be Lyn5, or as Edoucher calls her... Jeffery!

      Delete
  17. ""Sources state that planned increases include raising the corporate tax from 21% to 28%..."

    Resist the temptation, Don, just to punish the Big Tech companies. Regressing with the corporate tax rate will be another arrow in the heart of US manufacturing, and is of direct benefit to Comrade Xiden's paymasters in the CCP.

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    1. Supposedly, the natives at Facebarf are getting restless over Joe and the Ho. If the people who don't have a life except on their wall (or whatever it is) are talking politics and economics, Zuck may also be in a spot of trouble.

      YMMV

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  18. My last month paycheck was for 11000 dollars All i did was simple online work from comfort at home for 3-4 hours/day that I got from this agency I discovered over the internet and they paid me for it 95 bucks every hour------->   www.Tips47.com

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  19. Of course, the hole in that is that such things get passed on to the people, if they're not already left out in the fine print.

    You want to hit them in the pocketbook?

    Pick somebody you hate and boycott his products. Bezos or Disney or somebody. Just them.

    328 million boycotts is going to sting a lot of Lefties.

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    1. Exactly. If you want to hit 'em where they eat, that's the way to do it. Stop giving them your money, and spread the word. Taxes always wind up hurting the people who can least afford to be hurt.

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  20. Fed tax increase plus, the State of New York plans to raise taxes by at least $7B next year on the wealthiest. I'm with Don, "hit em again, harder, harder, hit em again, harder, harder".

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  21. Buffet Romney et all get the "carried interest" loophole

    They always have their loopholes. They have from the beginning. That's the joke on Americans.

    Whatever they pass there will be loopholes for the uber rich

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  22. Maybe they need to tax university endowments and politicians' war chests as well. It'll never happen, but it's nice to dream...

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  23. Why do we even have taxes anymore? The spending is already completely disconnected from tax revenues. If we're going to print, print, print to pay for all these excess trillions of spending, why do we pretend that any of it should be tied to tax revenue? Those who can still think rationally know it's unsustainable, but at this point I'd rather just get it over with and reach the inevitable end point sooner.

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  24. One source of revenue never mentioned is the foundations and other nonprofits, which are little more than money laundering rackets. Just ask the Clintons. They should be taxed hard and heavy.

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  25. What Republican or Conservative do you know who plays hardball in Washington DC? They never have in my lifetime.

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  26. hit the ultra rich where it hurts. make the wealth tax apply to non-profits, where bezos, gates, and buffet put the majority of their wealth. these non-profits then pay handsome salaries to the children, grandchildren, and great grand kids of the billionaires for them to just sit on the advisory boards.

    anyway, the government knows better how to use all that money than the nonprofits do.......

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  27. Treat Rich Bastard Virtue Signalling like a telegram, at a million bucks a word, minimum message twenty words.

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  28. Unfortunately the corporate tax increase will hurt the small businesspeople far more than the large cap corps. And the > $400k income tax will be a double whammy. damhikt.

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  29. I fully agree. If nothing else, it will give them an incentive to support republicans, not that I want them on our side. Also, neither party is supporting antitrust right now - that's the solution to massive wealth accumulation that Teddy Roosevelt (R) came up with a hundred years ago.

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  30. Back in 1986, the congresscritters passed an excise tax on "luxury vessels" and crowed about how great it was to make "the fat cats" pay their "fair share" (Whatever that is).

    Shortly thereafter, the tax was quietly rescinded - as the "fat cats" weren't hurt by it... but the working stiffs who worked in the boatyards (particularly in Florida) building and maintaining them were taking it in the neck.

    As I said this morning, the too-high corporate tax was making low-margin business activities (like manufacturing) too expensive, and so it moved overseas. PDJT had the sense to see the problem and got it down to the more-competitive 21% rate - and manufacturing flowed into the US (not just "back" - e.g., the upscale German auto manufacturers were happy to build here rather than in too-expensive Germany).

    Keep in mind that pricing is never determined by what someone thinks is "fair." Competition sets the maximum, and the need to cover expenses sets the minimum... and if you can't get a gap between those two, you can't be in business. When there is competition in the governmental space, they get angry and demand that it be overridden. This is how there big sectors - health care, education, and government - became rackets; they need to be unracketed.

    Putting the corporate tax rate back up again will price American workers out of the labor market - and drive manufacturing back out of the country, to the applause of Chairman Xi.

    If you want cash, you have to tax the middle-class - because that's where the money is.

    I do agree that some of the "not-for-profit" sector needs a revisit. Basically, places like Harvard and Stanford are just hedge funds that have tax-exempt status.

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  31. This is a completely pointless recommendation, since the corporations don't pay the corporate tax. The customers do. Frankly, I have always thought corporate taxes should be 0%, but it seems to be a hard sell. In the end, it's just a tax on us.

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  32. Meanwhile, Republicans keep sending out fundraising letters. They're a big help, aren't they? Do you now see why most Russians were drunk most of time during the Soviet days? They had lost all hope. If Red State governors don't get off their asses, form a coalition and nullify this crap, we'll be in the same boat.

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    1. Republicans are the engineered opposition. It's a game.

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  33. We need to restore integrity to the voting booth and the media and the political campaigns.

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  34. I am as conflicted as Don on this one. On the tax side I would add, don’t let them deduct the federal increase on state amd local taxes. Make the corrupt blue states pay their fair share.

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  35. I wouldn't put Elon Musk with the others - he's the one that said "take the red pill," is moving to Texas, and called Bezos the Washington Post's puppetmaster

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  36. Let IMPOTUS joe go for it! Sock it to the RICH but make sure there are no carveouts for democrats or illicit income from China! That should push even the diehard libers closer to realizing "what the hell have we done"!!

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  37. Laser liposuction Discovering nightlife in Seoul is anything but a troublesome assignment. Wherever you go, you will see Koreans, expats, companions, couples, understudies and financial specialists celebrating it up.

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