Presidential hopeful, Elizabeth Warren — also known as Pocahontas — really HATES the rich. She has a history of trying to PLUNDER the wealth of the rich.
Last week, she unveiled her plan to tax the wealthiest Americans. She proposed taxing ALL assets of the megarich — including stocks, real estate and retirement funds — held either in the United States or abroad. She even proposed a penalty that would require violators of the tax to “renounce their citizenship.”
Sounds like authoritarianism, doesn’t it?
Pocahontas didn’t stop there. She has proposed nationalizing every major industry in the United States. That means that no business with more than $1 billion in revenue would be allowed to operate without permission from the federal government.
The government will tell corporations who will sit on their boards, how much they get paid, how to run their businesses and much more.
Sounds like socialism, doesn’t it?
Pocahontas is not the only member of the socialist class of the Democratic Party to attack the rich. The leftists are trying to out — left each other.
The “future of the Democratic Party,” Alexandria Ocasio-Cortez, recently called for a tax rate of 70% on the richest Americans to pay for her “Green New Deal.” She cited the common refrain amongst leftists: The rich must pay their “fair share.”
However, the wealthiest 1% of income earners pay 40% of the income taxes in this country, and the top 20% pay 87% of income taxes. The bottom 60% pay NO net income tax.
Sounds like the rich are the ones getting screwed, doesn’t it?
The likely Democratic candidates for president in 2020 ALL support Medicare-for-all. Medicare-for-all would cost $32 trillion over 10 years.
How are they going to pay for this?
Answer: Tax the rich, of course.
Creepy-grandpa, Bernie Sanders, is the patron saint of attacking the “top 1%.”
In between eating his pudding cups, Grandpa Bernie is constantly banging his high chair saying it’s not fair that the top 1% have so much money. The only remedy for this is to take the money from them and give it to the poor and middle class.
Comrade Bernie loves him some government-run health care. He loves it so much that he has proposed a government-run health care program called: “Medicare-for-all.”
Sounds nice comrade, but how are you going to pay for it?
Answer: Shock — tax the rich!
Comrade Bernie has proposed raising taxes on the rich to 52%, charge a wealth tax on the top earners (similar to Elizabeth Warren’s proposal), increase the “death tax” and tax those “greedy” bankers on Wall Street.
The arrogance of the left never ends.
They feel they are so much smarter than the job creators in this country. The fact that most of them have never run a business or know the stress of turning a profit in a competitive market, is inconsequential to them.
They want to use the levers of power to “redistribute” income as they see fit — rewarding those who “kiss their ring.”
Former Commander in Chief Barack Obama never missed an opportunity to attack the wealthy. He famously told a crowd, during the 2012 campaign, “If you’ve got a business, you didn’t build that. Somebody else made that happen.”
Obama, whose closest thing to a job was as a community organizer, knows better than the wealthy business owners how to run a business.
Give me a break.
This coming from a guy who once said, “At some point you’ve made enough money.”
So, Barack, how much is enough?
You and your wife, Let-Them-Eat-Cake Michelle “Antoinette” Obama, have made over $100 million since leaving the White House.
The Obamas signed a $65 million book deal and a $50 million production deal with Netflix. The former commander in chief charges $400,000 per speech, and then returns at night to relax in his $8 million Washington, D.C. mansion.
Not bad for a community organizer.
The way things are going, if President Trump is not re-elected in 2020, the next president will be a socialist who will be hellbent on confiscating wealth from the richest Americans.
Editor’s Note: A great book we recently came across is called Pay $0 Taxes by Ted Bauman. You can get it for free by going here now.