Biden’s claim is based on the fact that we don’t charge taxes on stock profits every single time the market rises. We don;t count every stock market wiggle as income.
He counts every wiggle as gain and calls it “untaxed income.”
Crazy thing is: he actually proposes charging taxes this way.
Under the Biden’s crazy proposal, taxes must be paid on unrealized capital gains.
Every time the stock market wiggles up, people will owe taxes.
(Pay 10% this time. Pay another 10% next time, and pay it again if the market bounces again.)
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But don’t worry, about the double, triple or quadruple taxes. It will never ever apply it to you and me. It will only to rich folks. You can trust them on that, right? This time they are being honest, right?
My Opinion:
Lib policies don’t work. they are bad for the economy and bad for America.
Demonstrated fact (not opinion):
The American people don’t want Lib policies whether they work or not.
This is demonstrated by the fact that Libs have to lie to get them passed.
This is not a lie about “Jan 6 was an insurrection and Trump organized it.”
This is not a lie about “The economy is doing well.”
This is a lie about their ideas their proposals, their plans, the things that make Libs feel they are smarter than everyone else. Like an auto mechanic who tells you you need a new transmission, they are lying and they cannot sell their ideas without lying about them.