Democrats' proposed wealth tax spells
doom for entrepreneurs and economic growth
Posted By: RockyTCB, 8/16/2023 9:37:26 AM
A group of far-left lawmakers has introduced yet another bill to soak the rich. The new bill is called the Oppose Limitless Inequality Growth and Reverse Community Harms Act — the OLIGARCH Act, get it? It would introduce an entirely new tax on wealth above $120 million, starting at 2% and climbing to 8%. This new tax would be in addition to the income tax. Rep. Barbara Lee (D-CA) claims the legislation is designed to “tax extreme wealth, reduce inequality, and combat the threat to democracy posed by aristocracy.” But it would more accurately be described as
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A Climate For Absolute Power
1 reply
How do we know that Joe Biden has made a verbal blunder? His lips were moving. There are so many slip-ups and absurdities coming out of his mouth that it’s hard to keep up. But one recent gaffe stands out: The president said last week during an interview with the Weather Channel that he had already “practically speaking” declared a climate emergency.
He of course hasn’t, but should he or another president do so, they would in effect also be declaring themselves to be an American kaiser who could issue tyrannical edicts with absolute power. They would be able to autocratically “
A group of far-left lawmakers has introduced yet another bill to soak the rich.
The new bill is called the Oppose Limitless Inequality Growth and Reverse Community Harms Act — the OLIGARCH Act, get it? It would introduce an entirely new tax on wealth above $120 million, starting at 2% and climbing to 8%. This new tax would be in addition to the income tax.
Rep. Barbara Lee (D-CA) claims the legislation is designed to “tax extreme wealth, reduce inequality, and combat the threat to democracy posed by aristocracy.” But it would more accurately be described as
In reporting on a Montana case in which a judge ruled that the state had to include the climate effect of oil and gas permits before deciding on them, the Associated Press showed just how brain-dead the discussions of “global warming” have become.
District Court Judge Kathy Seeley ruled in favor of several young plaintiffs – ranging in age from 5 to 22 – saying they “have a fundamental constitutional right to a clean and healthful environment, which includes climate as part of the environmental-support system.”
As proof of the harm the plaintiffs are suffering, the order has a list of horribles that includes:
What Will Biden Admit To Next?
7 replies
Two weeks after President Joe Biden acknowledged the existence of his seventh grandchild, he admitted that the Inflation Reduction Act was false advertising – both of which everybody knew already. Fresh signs of dementia? Perhaps. But it leads us to wonder what else will Biden confess. We have some suggestions.
Until a few weeks ago, Biden kept insisting that he had only six grandchildren, four of them granddaughters. In fact, he seemed to delight in pointing this out.
At a take-your-child-to-work day event this April, one of the kids asked Biden how many people lived in the White House, to which he answered by saying, apropos of nothing,
If being thrice-indicted for alleged felonies is fatal to one’s political career, you couldn’t tell by former President Donald Trump. He’s still riding a wave of popularity within his party, and continues to maintain a comfortable lead over potential rivals for the Republican Party nomination in 2024, the latest I&I/TIPP Poll shows.
In recent months, I&I/TIPP has polled members of both major political parties and independents on their nominee preferences. What is surprising is not only has Trump held on to his lead among likely Republican voters, he has expanded it.
Our latest national online poll,
Environmentalists’ Broken Toys
8 replies
We’ve recently written quite a bit about electric vehicles’ many flaws – the reasons to hate them, their evil nature, the entire EV con. But they’re not the only green plaything that’s being exposed for the debacle they are. Windmills are just as troubled.
“All over the world, rural people are reacting with fury at the encroachment of large wind and solar projects on their homes and neighborhoods,” writes energy author Robert Bryce.
Last month, “thousands of Druze residents in the Golan Heights,” says Bryce, “rioted to stop the installation of a large wind project on their traditional lands.” Before that,
"You know, if you let me write $200 billion worth of hot checks every year, I could give you an illusion of prosperity, too.”
That was then-Democratic Sen. Lloyd Bentsen back in 1988 arguing that the Reagan boom was a myth because it was bought and paid for with deficit spending, then running about $200 billion a year.
What would Bentsen say today about an economy that – instead of blasting ahead at more than 4% a year at it was in 1988 – is barely eking out gains and appears headed to a downturn … despite the fact that President Joe
Some months ago, California Gov. Gavin Newsom said he would be “all in” on a debate with Florida Gov. Ron DeSantis. DeSantis later accepted. Now some are wondering if Newsom’s offer was sincere because it looks as if he wants to avoid the verbal sparring. Which makes sense: Newsom probably knows he can’t take the heat.
Newsom was fast-tracked for political stardom through his connections to San Francisco wealth and power. He was groomed and polished by the Gettys, the Pritzkers and the Fishers, not only in politics but in business, where he was set up not to fail.
Three California residents last week filed a lawsuit against Tesla for what they claim is false advertising over the car’s range. But why stop at Tesla? And why just sue over false claims about range when every other claim about EVs is also a lie?
The lawsuit comes in the wake of a Reuters report contending that Tesla had been goosing the range displayed on its dashboard and created a “diversion team” to deal with all the customer complaints about faulty batteries.
The filing claims that “Had Tesla honestly advertised its electric vehicle ranges, consumers either would not have purchased
So Guv Ron escaped injury in a car wreck engulfing his security entourage recently. Too bad the same can’t be said for his chances of relocating from Tallahassee to 1600 Pennsylvania Avenue, now close to being crushed in his continuing train wreck of a campaign.
When your poll numbers nationally and in key swing states are plunging faster than a J-Lo neckline – when you’re slashing staff to preserve cash and hitting the hustings despite near-record hauls – when your bid is compared to presidential pratfalls by Scott Walker and Kamala Harris – and especially when you’re assuring supporters of your “top-to-bottom review”
Despite three criminal indictments, the threat of hundreds of years of prison-time and an unprecedented media assault on his character and reputation, former President Donald Trump has maintained his head-to-head lead in polls against President Joe Biden. How is that possible? A significant number of Americans simply don’t believe the charges are valid, the latest I&I/TIPP Poll shows.
For this month’s online national poll, taken August 2-4 of 1,369 adults, we asked the following:
“Former President Trump is facing more than 40 federal charges in connection with the Mar-a-Lago
"Trickle-down economics has never worked.”
That’s what President Joe Biden says any time he’s talking about economic policy. Assuming our Octogenarian-in-Chief knows what he’s talking about, he’s guilty of what psychiatrists call projection.
Because it’s Bidenomics that has failed everywhere it’s been tried. At home. Abroad. Throughout history. And right now in states across the U.S.
Earlier this week in our What We’re Reading column, we linked to a multitude of stories that had been published detailing how Biden’s approach to economic policy — high taxes, heavy regulation, attacks on the rich and businesses,
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The American Medical Association (AMA) has suggested that taxpayers should subsidize uterus transplants worth up to $300,000 to help transgender women get pregnant.
Arguments were made to reduce the cost of the surgery in its Journal of Ethics issue in June titled Patient-Centered Transgender Surgical Care.
But the AMA has been criticized for floating the idea and has been accused of holding an 'activist position'. It argued that trans women's inability to bear children may cause them to experience 'psychological dissonance' which undermines their health and well-being.
Dr. Rachel Levine is assistant secretary for health in the Department of Health and Human Services. Levine was previously Pennsylvania’s secretary of health. Levine is the first openly transgender federal official to be confirmed by the Senate. In Joe Biden’s administration of identity box checkers, Levine is at the top.
Levine visited the Identity Alaska on August 6 but is just now being reported. Levine praised the clinic’s ‘tireless’ efforts to provide ‘lifesaving medical care.’
Levine praised the gender-affirming care clinic that wants to eliminate the word ‘mother’ and replace it with a phase like ‘egg producer.” It is just the latest example of transgender activists not respecting women,
Fulton County machine to shove President
Trump in their rat-, roach- and bedbug-infested jail 31 replies
Trump in their rat-, roach- and bedbug-infested jail 31 replies
What's a political prosecution without a little humilation and torture on the side?
Every left-wing dictator knows this, and so does the far-left political prosecution team in Fulton County, Georgia, where yes, they plan to shove President Trump and his 18 co-defendants into a bona fide human rights-violating dump of a prison.
According to the Washington Examiner:
When former President Donald Trump and his 18 co-defendants in the Georgia election case turn themselves in, they will be booked at the notorious Fulton County Jail, a consistently overcrowded, bedbug- and fire ant-ridden detention center
Wherever we drive nowadays, we see electric vehicles (EVs) amid the normal internal combustion cars and hybrids.
(Snip) The modern Left has a dream – that soon, very soon, every vehicle in the world will be electric, running on a heavy, cobalt-laden, lithium battery that needs to be charged up somewhere with electricity derived from an out-of-sight coal plant.
The EV’s current average, we are told, is eight hours to a “full charge,” whatever that means. It might be a couple hundred miles, maybe less, maybe more. Some chargers charge faster, some vehicles take longer. We rarely see the EVs charging up while we fill our normal cars
During the inferno that devastated part of the island of Maui, wiping entire towns off the map and possibly killing more than a thousand people (once a full assessment can be made), people on Maui begged state officials to allow West Maui stream water to be diverted to fill up reservoirs for firefighting. That request went to M. Kaleo Manuel, Deputy Director of Hawaii's Commission on Water Resource Management, and he delayed approval of that water for five hours - five hours in which the once-contained fire exploded. By the time the approval was received, workers were unable to reach the siphon release so that the water could be diverted.
Man's Hellish Family Trip With an Electric
Truck Is a Warning to All About These Vehicles 20 replies
Truck Is a Warning to All About These Vehicles 20 replies
We’ve discussed sporadically about electric cars and how they’re a crock. It’s a vanity project for car manufacturers because no one wants them. Ford only keeps production going because its gas-powered divisions make enough profits to keep this operation going. The car company is losing billions on its push into electric vehicles. Yet, the greenies and environmentally conscious remain gung-ho about these cars even though you must burn fossil fuels to charge them. Energy fairies do not dwell in the charging stations, folks. One man learned that going green is a crock the hard way.
On Wednesday’s broadcast of “CNN This Morning,” White House Press Secretary Karine Jean-Pierre said that she thinks President Joe Biden’s poll numbers will turn around because “Americans are going to start to see” the impacts of President Joe Biden’s economic policies, although she argued there has been positive economic news due to his policies already, and stated that polling doesn’t tell the whole story.
Co-host Phil Mattingly asked, “The thing that I think — and this has been an issue for you guys for the last two-plus years, connecting [legislation passed under Biden] to how the public feels or what the public knows, if you look at
Shouting Biden: ‘Name me a single objective
we’ve ever set out to accomplish that
we’ve failed on!’ 18 replies
we’ve ever set out to accomplish that
we’ve failed on!’ 18 replies
President Joe Biden suddenly changed his tone during a speech Wednesday and started yelling that the US has never failed at “one thing.”
The speech given on Wednesday, following the second anniversary of the catastrophic withdrawal from Afghanistan, was given from the East Room of the White House and was meant to tout the one-year anniversary of the Inflation Reduction Act, which did anything but that. Nevertheless, Biden is crowing over its delusional success.
As he was bragging about a non-existent win, he pointed to “our friends on the other side of the aisle,” and carped that all he hears from Republicans is how much is wrong
Former President Donald Trump is dropping a new report on the reported election fraud during the 2020 election. It’ll be around 100 pages, released next Monday morning in Bedminster, New Jersey. Trump described the findings as “conclusive” and “irrefutable.” It doesn’t matter because the Left is going to go apoplectic, especially given the recent indictments against the former president (via NYT):
Hours after former President Donald J. Trump was indicted in Georgia on charges accusing him of a conspiracy to subvert the 2020 election, his aides and allies awoke to a social-media post from the Republican front-runner inviting people to a news conference on Monday.
Horrific images captured the final moments of five young friends murdered by a Mexican cartel - including one man forced to behead his childhood friend before he was himself killed.
Video footage released by the cartel members Tuesday shows childhood friends Roberto Olmeda, 20; Diego Lara, 20; Uriel Galván, 19; Dante Cedillo, 22; and Jaime Martínez, 21, kneeling next to each other in order.
The victims all have their faces bruised with tape over their mouths and their hands tied behind their backs. It is unclear what, if anything, they had done to get on the wrong side of the Jalisco New Generation Cartel.
The 2024 Michelle Obama Factor
16 replies
Over the summer, media commentators on both the left and right have been discussing Joe Biden's political future. They all largely agree on one thing: Biden is not a viable presidential candidate in 2024. They cite Biden's immense unpopularity due to his disastrous record as president in every field, from the economy to the border to the war in Ukraine. Some cite Biden's physical and mental frailty and the corruption investigations in the House as reasons Biden won't be a 2024 candidate. Others are skeptical that Biden will even finish his current term.
Once the death toll is finally tallied and the extent of the damages is assessed, there will be investigations into the Maui wildfires. At least, there should be, due to the revelations that the bureaucrats tasked with managing disasters were absolute garbage at their jobs. The island suffered massive brushfires that killed at least 100 people last week. Over 1,000 people are still missing, and whole communities have been destroyed. The damage currently stands at $6 billion, but that’s subject to change, making this one of the deadliest wildfires in over a century.