Secretary of the Treasury Janet Yellen testifying before a House committee echoed President Biden's call to look into creating a new Federal tax on unrealized capital gains. Of course the new tax is being sweetened with the class warfare proviso that only the very rich would pay ignoring the fact the Federal income tax was marketed with this same only the rich will pay falsehood.

Currently Federal taxation applies only to actual income things like wages, dividends paid, or interest earned. Unrealized capital gains such as the increased market value of a stock aren't taxed until the stock is sold. But American homeowners also benefit from unrealized capital gains from rising real estate markets.

The idea of ultrawealthy plutocrats having to pay what amounts to an ownership tax with benign Federal bureaucrats distributing the spoils to worthy victims of economic oppression has particular appeal to Marxist Democrats who basically view private property from a you didn't build that perspective. An an informed view not only reveals this tax would undermine private property rights and necessitate an huge, invasive Federal bureaucracy to inventory and appraise assets it would inevitably be extended to all taxpayers.

https://www.google.com/amp/s/www.nat...-wont-die/amp/

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If Democrats were confident their nominee actually received more than 80 million votes they wouldn't have more troops occupying Washington, DC than Lincoln had defending the city during the Civil War. Not Joe Biden, Kim Jung Biden.

You have to give the Marxists, I mean Democrats, credit for their creativity to come up with new ways of taking money from the American people to finance their Marxist wet dreams. If only they worked half as hard to do things that would benefit the country as opposed to their never ending pursuit of power and authority.

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To argue with a person who has renounced the use of reason is like administering medicine to the dead - Thomas Paine

A lie doesn't become truth, a wrong doesn't become right, and Evil doesn't become good, just because it is accepted by the majority. - Booker T Washington

The "You Didn't Build That " comment is as Marxist as it gets. Yet few Americans get it.

Amazing what a silver tongue can get accomplished over hard work and the concept of keeping the fruits of one's labor.

Rapid and accelerating inflation, as we have seen in the last 40 or so years, goes back to taking us off the Gold standard. that was Nixon and the Democrats working together for "our common good."


Yeah right
Don't blame just the democrats alone. that had ample help from the GOP.
Both of whom got rather rich with slick talk pretending to be concerned for the better interests of We the People.

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I am going to hang a Batman Costume in my closet. .......... Just to screw with myself when I get alzheimer's.
sola gratia, sola fide, sola scriptura.

I AM NOT A REPUBLICAN, I AM A FREEMAN, THE DEMOCRATS WORST NIGHTMARE