Whites Earn Too Much. Biden Going to Fix It
Treasury States Whites Earn Excessive, So Taxes Are Coming
This is what Marxism will get you– high taxes and a bloated federal government. The Biden Regime is thinking about a capital gains tax between 39% and 49.6%, however don’t worry– it’s incremental. It will take a while before they ensnare everyone. This is another grift.
This is the fundamental part
” … some components of the tax code exacerbate differences in earnings and wealth, build-up by different racial groups, resulting in greater income inequality. For example, the treasury estimates that 92% of the benefits of the tax expense for preferential rates on capital gains and certified dividends accrued to white families, just 2% of the tax expenditure accumulated to black households, and 3% to Hispanic families. A comparable share of the advantages of the tax expense for the deduction for earnings go through companies accumulates to each group.”
So, if you’re white, and you understand how to make money, you need to be reduced to the same level as people who aren’t investing and taking a risk as you had. If you’re white, you can not be making more cash, and you can not be more productive.
The Treasury is making this into the rich should “pay their fair share.” While investing trillions overseas, they declare they will use the money to provide working families tax credits [welfare].
They want a much more progressive tax than they have now. They’re going to decrease child hardship, supposedly make health insurance more inexpensive, and support the middle class by broadening refundable credits for low and moderate-income workers and families.
It never works that way, and we have no reason to think it will ever work. Socialism is eliminating the middle class.
This is precisely the ideology seeping into public education. They wish to lower the education of the innovative students, the more effective trainees, since whites and Asians are more successful than other groups. Instead of providing extra help to black and Hispanic students, they are going to make the majority less effective. This is the ideology of greed, envy, and victimhood.
