Arrr! The scallywag Democrats be wantin' to plunder your treasures from home, retirement, and all that be yours!
2024-03-29
Arrr mateys, the scallywags in the US be havin' a taxing trouble and a spendin' trouble! The Democrats be suggestin' a wealth tax as their solution, but don't be fooled me hearties, it be hittin' the middle class too! Aye, beware the taxman's sword!
In the language of a 17th-century pirate, the Democrats be telegraphing their next financial move: they want to tax yer wealth, mateys! From President Joe Biden’s budget proposal to Senator Elizabeth Warren’s re-proposal of a wealth tax, it’s clear that we need to keep a weather eye on the horizon against this nefarious obsession.Last fiscal year, the U.S. be haulin' in over $4.4 trillion in revenue, a staggering amount that be more than the GDP of every country on earth except the U.S. and China. If the government be keepin' spending at 2019 levels, we'd be breakin' even; at 2018 levels, we'd be in the black.The reality be that the government doesn't need more booty. It needs to be restructured and downsized. Yet they keep spendin' trillions more than they take in each year, lookin' for ways to pay for their wish list.As the government grows, we be gettin' less value for our doubloons. Their spendin' be creatin' a rocky financial foundation, threatenin' our safety, and erodin' the value of what ye earn.If the politicians get their way with a wealth tax, it could spread to the middle class, just like income tax did. Don’t give up yer property rights, mateys! Creating wealth be endless, but redistributing it be a finite game.