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Silicon Valley Billionaire Sounds The Alarm;
Biden’s Tax Plan Is About To Wreck Havoc

Original Article

Posted By: Imright, 5/2/2021 11:05:13 PM

Without any doubt, raising taxes on Americans makes them poorer and never better off, regardless of the justification behind the levy.But taxes can also be — and have been — used in a punitive way to punish success and reward favored political constituencies.The Democrats are experts at the latter.For a half-century, Democrats, when they’ve had enough power to do so, built a ‘progressive’ tax structure that prohibited growth and shunted innovation as individuals and corporations alike were kept from realizing their fullest potential.

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Reply 1 - Posted by: LadyVet 5/2/2021 11:35:53 PM (No. 773706)
Writer needs help with his math. Capital gains tax will not go up just 20%. It will double. That is a 100% increase.
49 people like this.

Reply 2 - Posted by: stablemoney 5/2/2021 11:50:06 PM (No. 773712)
Why do the Democrats want to bother with a tax increase? The Federal Reserve has printed $6T for them, and has stated they intend to print all Biden wants.
31 people like this.

Reply 3 - Posted by: RedWhite&Blue2 5/3/2021 1:20:34 AM (No. 773751)
Hey Bob we’re out of money! Nah, Joe, we’re just out of ink! s/
47 people like this.

Reply 4 - Posted by: Vesicant 5/3/2021 1:26:48 AM (No. 773755)
I'm sorry (not really), but words have meaning. The term is "wreak havoc." Wrecking havoc would be a good thing.
78 people like this.

Reply 5 - Posted by: DVC 5/3/2021 1:42:46 AM (No. 773759)
Wreak....are there no proofreaders or editors left? And the headline writer is an ignoramus.
58 people like this.

Reply 6 - Posted by: Strike3 5/3/2021 4:30:23 AM (No. 773773)
The writer needs help with both math and spelling - which explains exactly why he became a journalist. His second choice would have been school teacher.
68 people like this.

Reply 7 - Posted by: Dodge Boy 5/3/2021 4:40:25 AM (No. 773775)
FTA - "Stewart said he “ran the numbers” and determined an employee working at Google earning $400,000 per year in California “pays 38 percent of income over 10 years in taxes.”" Just what is a bottom-feeding google employee doing that justifies a $400,000/year salary, besides censoring content, that is.
26 people like this.

Reply 8 - Posted by: franq 5/3/2021 5:53:01 AM (No. 773783)
Thanks for the laugh, #6.
23 people like this.

Reply 9 - Posted by: chance_232 5/3/2021 6:21:10 AM (No. 773792)
Perhaps the silicone Valley billionaires should have given more consideration to the candidates, political party and agenda they SUPPORTED. You can't have your woke big government nanny state without skyhigh high taxes. How us it that these supposed geniuses are so stupid??
24 people like this.

Reply 10 - Posted by: Califedup 5/3/2021 6:32:02 AM (No. 773797)
What a shock, all these so called brilliant Silicon Valley billionaires who have backed the communist death democrats including their paramilitary forces like Black Communist Racist Lives Matter, Antifa are now surprised and dismayed that the communist death democrats are coming for them! Guess being a billionaire also means that history was not one of their strongest subjects while being indoctrinated by the marxist professors at the elite university they attended. Here's what they should have learned: Billionaires Rule #1 - Feeding the communist tiger and riding on it's back thinking that this will protect you and your vast wealth from being swallowed ignores the fact that one day the communist tiger will throw you off it's back and eat you along with the rest of us kulaks. All those donations you made for woke causes, the millions in political cash contributions, running your companies like some sort of marxist collective enterprise, in the end only whets the communist death democrats appetite for your money after they achieve totalitarian power over this country. Sounds like one billionaire is starting to wake up to reality but it may be too late. Guess all that money you fed into the hungry maw of the communist death democrats tiger in the end was poorly spent. Zuckerberg, Gates, Buffet, Thiel, and that human disaster who runs twitter - One day the communists will be coming for you.
41 people like this.

Reply 11 - Posted by: HPmatt 5/3/2021 6:45:41 AM (No. 773807)
They can always become a coal miner when coding doesn’t pay....
40 people like this.

Reply 12 - Posted by: Rinktum 5/3/2021 7:11:52 AM (No. 773821)
Thank you #10. These fools enabled and supported the democrats insane polices. The deserve everything coming their way. Unfortunately, the good people of this country will suffer right along with them. They will pass along their tax hikes to the consumer like they always do,
26 people like this.

Reply 13 - Posted by: Donna M 5/3/2021 7:47:29 AM (No. 773848)
#10, I would only wish...but what the billionaires are seeing is corporate fascism a la Hitler and Mussolini, not Soviet or Pol Pot style communism. Big corporations did just fine under the former as their competitors were squeezed out. Remember Krupp, IG Farben, and Fiat.
7 people like this.

Reply 14 - Posted by: Califedup 5/3/2021 8:15:50 AM (No. 773877)
#13 - Mark my words, the communist death democrats are of the Stalin/Mao mold and not supporters of the type of Fascism that was in place in Germany. They are hard core communists who will use any means to impose a Soviet style dictatorship and they will go after all these "woke" billionaires and crush them. Free America!
13 people like this.

Reply 15 - Posted by: Ida Lou Pino 5/3/2021 9:43:44 AM (No. 773980)
The demonrat tax system will cause chaos, havoc, and poverty. So? That's the whole idea - - isn't it?
9 people like this.

Reply 16 - Posted by: Zigrid 5/3/2021 9:53:51 AM (No. 773992)
Great way for Silicon Valley to stop growth of small business...they control the market with their shopping on line and credit cards... now they will punish the senior's retirement funds....401s and IRAs are gonna take a big's all about power and control for the worries... WE will be in charge again....the rush to change America is all about getting as much socialised as they can cram through before they lose power in 2022...
4 people like this.

Reply 17 - Posted by: columba 5/3/2021 12:18:50 PM (No. 774147)
Writer needs help with spelling.
3 people like this.

Reply 18 - Posted by: jacksin5 5/3/2021 1:48:35 PM (No. 774238)
Don't these billionaires understand that if the Marxists have their way, the money they have accrued, and the businesses the have built, will be turned over to an Albert Speer type to create the new Socialist Paradise?
3 people like this.

Reply 19 - Posted by: clipped wings 5/3/2021 2:05:06 PM (No. 774258)
#4, 5 & 6. You got there first. Whoever wrote this should be educated in spelling and word usage. Whoever claims to have edited it, should be um, booted.
2 people like this.

Reply 20 - Posted by: cat2 5/3/2021 5:25:13 PM (No. 774441)
That's "wreak" havoc.
0 people like this.

Reply 21 - Posted by: montwoodcliff 5/4/2021 8:47:47 AM (No. 774947)
It’s WREAK havoc! These tax increases are confiscatory, but Biden allegedly got 80 million votes, so live with the consequences of being ruled by Democrats. After all, what is more important, who runs the country or who wins The Voice?
1 person likes this.

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