Reaction & Commentary
Class and at the same time they will say they have to find some way to pay for this build back better plan which by the way they also say doesn’t cost anything okay then they say uh don’t worry they uh are only going to do uh increased audits on the wealthiest one percent
But to do that apparently they need to double the size of the irs okay just take those into consideration here for a second by administration has proposed to require banks to provide the irs with data on accounts with a total yearly deposit or withdraw of more than 600
That is to say every single person in the country now democrats who are opposed to that figure the few of them say we should move it up to ten thousand dollars that is every withdrawal or deposit that you make in a year by the way the average person pays
Between ten and twenty thousand dollars a year just for rent so if you are renting you’re gonna fall under this irs scrutiny okay this is a violation of the fourth amendment if we don’t start caring about the amendments and the bill of rights we are not going to make it
Do not argue about the money do not argue about the irs don’t argue about anything other than this is a violation of the fourth amendment it is a violation of our privacy and by the way the right to privacy has been defined as the right to be left alone
Now you’re never going to be left alone ever the government is never going to mind its business because everything you do every penny you spend will now be charted now they say don’t worry this is not happening for people who uh you know we’re not gonna count their their salary
Well of course you’re not gonna count their salary you already have a record of that you already know the w-2 so please don’t tell me that oh well we’re not counting everything yes you are you’re just now covering the things you can’t spy on why do they do this why
The reason why they are doing this now is because a they are going to affect you and your budget they are going to affect your money for instance if you’ve had any money in your 401k has it gone up or down since 2008 if you’re like
Most people you would only have to guess because you haven’t been really watching it because generally the news has been good for the stock market if you have a retirement fund you have money in the stock market let me play what janet yellen has just proposed that the treasury needs to do
Well um i think what’s under consideration is a proposal that senator wyden in the senate finance committee have been looking at that would impose a tax on unrealized capital gains on liquid assets held by extremely wealthy individuals billionaires i wouldn’t call that a wealth tax but it would help get at
Capital gains capital gains it would get at capital gains okay and it’s going to start with millionaires i just want to remind you that’s what they said at the beginning of the irs this is only going to be for millionaires this is not going to affect anybody else
Once you give them this power it will never be given back so what are they saying well they say that an unrealized capital gains well you’ve had unrealized capital gains okay what an unrealized capital gains is if you have your money in a pension plan and the stock market has gone up
You even though you haven’t pulled it out even though it’s still sitting there you have to pay the taxes on the increase even though you haven’t pulled the money out you pay money on the increase that you just made in the stock market well wait a minute no i pull that out
When i pull that out that’s when i pay taxes no now this begs the question is the government going to pay me when it goes down do i get that money back of course not of course not all of this is to do one thing and that is to complete the goal
Of the plan that its slogan is build back better its plan its goal by 2030 is that you will own nothing and you will like it this is destroying everyone’s wealth no matter how rich or poor you are you will own nothing you
