Let’s start by being intentionally direct with each other. The JoeBama tax proposals are not accidental or misguided; far from it. The intent of Obama’s third term economic policy is to return to forced globalism and diminished U.S. middle-class prosperity…. the often mentioned “service driven economy.”
There is nothing of value behind the obtuse term “service driven economy.” The multinationals are paying for this administration, just like they paid the Obama administration; paying for economic policy that advances their interests.
Congress goes along with the K-Street demands because Wall Street is now the primary benefactor of legislative intent. Nothing about their effort is done with American interests in mind.
Let me also be clear… Ever since I put forth the explanations of “A New Dimension in American Economics” I have been contacted by several prominent people within the financial institutions and academic sphere who agree with the principle. However, every single person states there is too much risk in explaining the intent and motive behind the curtain.
What JoeBama is proposing in his tax plan is specifically intended to rapidly advance the interests of Wall Street and corporate multinationals. Before getting to the baseline of how, let’s first look at his proposals as purposefully leaked:
WASHINGTON (Reuters) -President Joe Biden will roll out a plan to raise taxes on the wealthiest Americans, including the largest-ever increase in levies on investment gains, to fund about $1 trillion in childcare, universal pre-kindergarten education and paid leave for workers, sources familiar with the proposal said.
The plan is part of the White House’s push for a sweeping overhaul of the U.S. tax system to make rich people and big companies pay more and help foot the bill for Biden’s ambitious economic agenda. The proposal calls for increasing the top marginal income tax rate to 39.6% from 37%, the sources said this week. It would also nearly double taxes on capital gains to 39.6% for people earning more than $1 million.
(more…)
Posted in A New America,
Big Government,
Big Stupid Government,
Cold Anger,
Conspiracy ?,
Decepticons,
Deep State,
Donald Trump,
Economy,
Election 2022,
European Union,
Joe Biden,
JoeBama,
Legislation,
media bias,
President Trump,
Typical Prog Behavior,
Uncategorized,
US Treasury,
USA