“We want to take money
That’s my money and yours, my dear readers
and put it back in the pocket of middle-class people,” Biden said. Of those who would pay more, he said: “It’s time to be patriotic … time to jump in, time to be part of the deal, time to help get America out of the rut.”
Look, it is asinine stuff like this for which I absolutely have no patience. This politician who has more hair plugs than brains and who has more or less produced absolutely nothing in his life for nobody, who has donated 1/3 of 1% of his 300K per year taxpayer-provided salary to charity, and has lived off of taxes generated by private businesses and middle-class workers for his entire career is proposing raising taxes on the top earners in the country (who already pay more than their fair share) during the worst financial crisis in decades (h/t Sweetness & Light). Click on the graphic to read the related article:
And by the way, NJ residents are so patriotic they are bursting in tax increases to the point that a net 75,000 NJ residents have moved out of the state – escaping the highest State/Local Tax Burden in the nation.
Is Biden nuts, or just incompetent?
2) Raise taxes. Another classic. The Revenue Act of 1932 was at the time the largest peacetime tax increase in American history. The top rate, for instance, went from 25 percent to 63 percent. Economists agree this is one of the dumbest things Herbert Hoover did. Alas, it is a mistake we might be getting ready to repeat.
Biden can’t wait.