Earlier (July 2020): Biden Vows To Rip Out Roots Of Systemic Racism, i.e. Seize The Equity In Your Home
Extraordinary! The Biden administration wants to implement a White Tax supposedly to close the racial wealth gap. Of course, it's just another attempt to use the circumstances of Black people as a cover. The real goal: fund an even bigger government. https://t.co/XmN4QhW1rv
— Charles V Payne (@cvpayne) April 28, 2024
Charles Payne of Fox News is to be commended for calling this Biden Admin plan for what it is—a White Tax.
‘Dangerous’: Biden admin slammed for tax rate proposal to avoid helping ‘White taxpayers,’ by Jackson Walker, ABC3340.com, April 25, 2024
WASHINGTON (TND) — A Biden administration proposal to avoid tax rates which “disproportionally benefit White taxpayers” is drawing accusations of being “anything but” equal.
In March, the Treasury Department released its 2025 budget proposal, which suggested increasing the top capital gains tax rate to 44.6%. Capital gains tax refers to the sum of money the government takes from an investor after they sell an asset. These can include stocks, bonds and real estate.
Certain people can take advantage of a preferential rate, or decreased tax rate. These rates, budget authors wrote, “disproportionally benefit White taxpayers who receive the overwhelming majority of the benefits of the reduced rates.”
In proposing a solution to this, budget authors suggested a pair of proposals which would hike the capital gains tax rate to 44.6% for certain high-income earners with taxable income of more than $1 million. Michael Seifert, CEO of digital marketplace PublicSquare, told The National Desk Thursday the proposal is anything but fair.
Seifert also noted this federal rate does not take into account state taxes, which could compound to rates as high as 59% in some states.
“How on earth does that encourage innovation, growth, entrepreneurship?” he asked. “I am shocked that they would have the audacity to do this in an election year, and in another way, I’m not surprised at all. I think they’ve learned that they can just kind of shoot from the hip and get away with it.”
Seifert’s concerns follow new student loan debt forgiveness plans announced by the Biden administration earlier this month. These plans could cost taxpayers $559 billion over the next 10 years, according to a Penn Wharton budget model.
Too high a percentage of white families own their own homes, have a stock portfolio, and also have their own businesses at rate far exceeding that of black and Hispanic households. Naturally, this violates the sacred mandate of our state religion, Diversity, Equity, and Inclusion.
Being a normal white person in America who has a healthy sense of future time-orientation represents the biggest obstacle to enacting the racial utopia our elite are hoping to erect in the USA.
And remember—white people are still a majority. What happens when we are a minority without token Republican representation?
