They have all the answers but no brains. How many of these nitwits have ever run a business. They have sucked off the governments tit their entire life. Trump 2024
I will mention that I got a chuckle when I read the part about buying a CME membership and I thought about explaining that to my spouse. So, honey, you know all that cash money we have? It's gone. Yeah, I spent it on a club membership...
They always have a "claim" on everything we work for and everything we might acquire. It makes no difference to them. That just don't understand. And worse than that, they just don't care. In Illinois, where I live, they're searching for "revenue", or my/your money, cause they've spent the state into financial oblivion. Bankruptcy is the only way out for this and many other "Blue States", but sadly they're not smart enough to take the loss and crawl out of the hole they dug. Vanity? Hubris? Ignorance? Hard to choose just one. Things that can't go on, won't.
They are bona-fide marxists and communists. Let's hope we don't have to get as bad as Argentina was before they voted for Milei. The Argentines finally realized that voting for the same thing over and over again and expecting a different outcome was insanity. It's like Jared Bernstein is Kamala's adviser.
There’s 40 T in retirement savings in the US. They will start at 3% and knock back 1.2 t. Then 4%. And so on and so on.
I wouldn’t mind, well- Inwould, if it went to paying down debt. But it’s going to go into shit ideas. If she wins, it’s not as big of. Deal if she loses congress and the senate. If she has both, we are eternally hosed
Obviously taxing unrealized gains is nuts. But there's only one way taxes are heading. FBW there's no path to a consumption tax. This is a reasonable plan with minimized new taxes.
Excellent post by Jeff Carter. In probability those, like Mr. Camembert in. his comments, who write that Kamala is clueless about "unrealized gains" are correct. But those around her do. This leads credence to my own Substack today that the Democrats have become a new form of communist party--except one doubts Xi Jinping would be so stupid as to tax in that manner and destroy his economy. https://americanrefugees.substack.com/p/are-the-democrats-a-communist-party
I will pay any journalist $50 if he/she asks Kamala Harris to define an "unrealized gain on an investment". Ye gads, the word salad that would ensue.
That group is stuck on the definition of “woman” so don’t hold your breath.
They spent all the money on bread and circuses and need more so those attending don’t notice the ever so slight siphoning.
They have all the answers but no brains. How many of these nitwits have ever run a business. They have sucked off the governments tit their entire life. Trump 2024
Everything you write is true. Disgustingly so.
I will mention that I got a chuckle when I read the part about buying a CME membership and I thought about explaining that to my spouse. So, honey, you know all that cash money we have? It's gone. Yeah, I spent it on a club membership...
Her comments that are on tape from a few years back about taking patents is beyond telling
The effect of inflation means that the true capital gains tax in real terms can be much higher than the published rates.
Taxing unrealized gains is bonkers.
Democrats get in that will be tge end of capitalism and this country
They always have a "claim" on everything we work for and everything we might acquire. It makes no difference to them. That just don't understand. And worse than that, they just don't care. In Illinois, where I live, they're searching for "revenue", or my/your money, cause they've spent the state into financial oblivion. Bankruptcy is the only way out for this and many other "Blue States", but sadly they're not smart enough to take the loss and crawl out of the hole they dug. Vanity? Hubris? Ignorance? Hard to choose just one. Things that can't go on, won't.
They are bona-fide marxists and communists. Let's hope we don't have to get as bad as Argentina was before they voted for Milei. The Argentines finally realized that voting for the same thing over and over again and expecting a different outcome was insanity. It's like Jared Bernstein is Kamala's adviser.
There’s 40 T in retirement savings in the US. They will start at 3% and knock back 1.2 t. Then 4%. And so on and so on.
I wouldn’t mind, well- Inwould, if it went to paying down debt. But it’s going to go into shit ideas. If she wins, it’s not as big of. Deal if she loses congress and the senate. If she has both, we are eternally hosed
they already started. forced distributions...or when you die, you pass it along but your heirs have to distribute the entire amount in ten years.
They are going after retirement funds next.
Thank you for this post.
Let them vote for Kam. We will survive, adapt and come out ahead no matter what these communist thieves throw at us.
Obviously taxing unrealized gains is nuts. But there's only one way taxes are heading. FBW there's no path to a consumption tax. This is a reasonable plan with minimized new taxes.
https://manhattan.institute/article/a-comprehensive-federal-budget-plan-to-avert-a-debt-crisis-2024
There is a path. The elites don't want it. Believe me when I tell you, there is a path.
It only applies to people with $100 million net worth who don’t pay at least 25% tax on their income- I think you’re safe
Excellent post by Jeff Carter. In probability those, like Mr. Camembert in. his comments, who write that Kamala is clueless about "unrealized gains" are correct. But those around her do. This leads credence to my own Substack today that the Democrats have become a new form of communist party--except one doubts Xi Jinping would be so stupid as to tax in that manner and destroy his economy. https://americanrefugees.substack.com/p/are-the-democrats-a-communist-party