Once again, liberals are counting on their belief that most Americans are stupid.
Kamala Harris wants to tax unrealized gains and the liberal fact checkers have her back, as usual.
It is only for the evil wealthy people, they say. You know – the ones who actually earned their money, unlike Harris and other politicians.
Guess what? It’s always just going to affect the rich, if you believe their pitch.
That’s what they said about the federal income tax when it began in1913. Only 358,000 people paid it, and it only totaled $28 million.
Flash forward to 2024: 53.6 million tax returns were filed nearly $2.2 trillion in individual income taxes was collected.
Then there was the Alternative Minimum Tax. This is one of my favorites.
Politicians were irate because 155 people used the legal deductions Congress approved to lower the amount of taxes paid.
So they created a tax that says “if you don’t pay as much as we think you should, you have to pay more.”
Sheer insanity. They could have abolished deductions and created a flat tax rate for everyone. They didn’t.
Once again, they said it is only for the rich. But within a few years 30 million people were paying the AMT. Congress finally took action to limit its growth but not by much.
For every dollar the federal government takes in, it spends $1.50. It simply has no fiscal discipline. None. Nada. Zip. Spending is the problem, not a lack of revenue.
But, even though the Constitution does not give them authority to redistribute wealth, libs always strive to do so.
In 2021, the top 1percent of earners paid more taxes than the entire bottom 90 percent. Libs like Bernie “The Bum” Sanders, who never worked in his life, say the top earner “don’t pay their fair share.”
Continue to elect people like Harris — who is no smarter than Biden but also has the most annoying laugh on the planet – and “taxes on the rich” will proliferate but you will pay them eventually.
