Armstrong Economics Blog/The Hunt for Taxes Re-Posted Nov 9, 2021 by Martin Armstrong

Biden’s Wealth Tax is going to be very dangerous. For now, it is called the Billionaires’ Tax which means all assets are to be taxed worldwide. That will include the stock market, real estate, rare art, comic books, classic cars, jewelry, and collectibles. This new tax would apply solely, for now, to people with at least $1 billion in assets or $100 million in income for three straight years. These standards mean that just 700 taxpayers would face the additional tax on increases to their wealth.

Liquid assets, such as stocks, will be subject to the Billionaires’ Tax so they will pay this wealth tax on top of income taxes when they sell them. Bezos sold $2 billion worth of shares claiming g to link this to climate change but it certainly made sense to do this now. The way this tax will work is that they will be taxed only on any increases in value and take deductions on losses. Under current law, those assets get taxed only when they are sold. Therefore, this is like a property tax.

The problem will be that the Billionaires’ Tax would also face an additional tax on nontradeable/nonliquid assets such as real estate and business interests once those assets are sold. During the first year of the proposed tax, the billionaires would also owe taxes on any built-in gains that predate the tax.

The Billionaire Tax will be for Everyone

They passed the Income Tax in 1913 swearing it would only apply to the rich. Once any tax is created, it will NEVER be rescinded and as such it will always be expended the same way they keep redefining who is actually the hated rich. Nancy Pelosi said on CNN that the tax would raise $200 billion to $250 billion. This is nonsense and it presumes a constant bull market. This will never pay for the spending of Biden claiming it will not raise the deficit. This simply means that that additional taxes such as the global minimum tax and increased enforcement dollars for the IRS would still be needed to help close the gap. The easy way is to just redefine the rich.

Clinton’s tax hike redefined the rich by changing the brackets. They could even impose a tax based upon vaccination or not. The Supreme Court will no longer defend the people for fear that Biden will try to stack the court when his report of that is delivered December 15th. Biden is just the placeholder and he will sign whatever is put in front of him.

There is absolutely no need for this infrastructure bill whatsoever. Help Wanted signs are everywhere. Just end the COVID exaggerated restrictions and the economy would bounce back,

Armstrong Economics Blog/Politics Re-Posted Nov 8, 2021 by Martin Armstrong

Now the USA Today/Suffolk University survey showed just 37.8% of Americans approve of Biden’s performance in office. A whopping 70% say the US is headed in the wrong direction. The outrageous discussion of handing $450,000 up to $1 million per family that came to American illegally and their children were separated into juvenile camps has so many people really upset.

A dated report from the University of Indiana published in 2009, suggested that the ENTIRE lifetime earnings of an American was $900,000 at a minimum and if they had a bachelor’s degree, that could rise to $1.8 million. The Biden Administration is proposing at least $450,000 per family up to $1 million is an insult to all Americans who pay taxes. What the Biden Administration is proposing is to hand tax-free half the lifetime earnings of the basic American for illegally coming to the United States, to begin with. No other country in the world would act in such an irresponsible manner.

Biden is a placeholder. There is no way he will ever run for election in 2024. His handlers are doing what they want to do and they could care less about Biden’s reputation or legacy. They have usurped the power of the Presidency, imposing vaccine mandates that were never submitted to Congress proving this is a dictatorship – not a democratic process. The United States has undergone a political coup and Biden is so not with it, he did not even know that his “Build Back Better” agenda was drafted at the World Economic Forum and was not his original idea.

Biden has no idea what is really going on and calling it his Build Back Better agenda as if he is the one the came up with this just proves the United States is now being run by a foreign organization. Historically, this has been the scenario that typically leads to military interventions to remove such corrupt political influences.

Posted originally on the conservative tree house on November 8, 2021 | Sundance | 574 Comments

We are witnessing a very specific type of electoral frustration caused by officials within a system attempting to stop a communist style fundamental change by taking action within the same system simultaneously collapsing through the actions of the communists.

Joe Biden’s approval rating has collapsed to the lowest level in history {data here} ,which would normally cause a pause amid the political operators.

However, in this new era, where collapsing the U.S. economic and social system is the objective, the polling is irrelevant.

The Obama plan to use Biden as a disposable figure was designed for one specific four year term of maximum damage.

The polling is irrelevant.

Evidence of this purpose is found in the White House telling businesses to continue operating as if the vaccine mandate is legally authorized, despite a court ordered injunction against it {data here}.  We are in a post-constitutional system now where the traditional checks and balances are ignored.   This is a very Machiavellian approach being deployed against the American people.

The U.S. borders are unsecured, and illegal alien hordes are intentionally welcomed.  Again, by design.   Simultaneously, the U.S. military is likely to be put into a crisis position by thousands of critical servicemen rejecting the mandated vaccine {data here}.  Yes, another element of the design.  Saul Alinsky taught the designers how to overwhelm and collapse the system, they are doing exactly that.

The recent off-year election showed millions of Americans rejecting the crisis they are having to deal with.  Yet again, the radicals collapsing the system and creating the crisis do not flinch.  Election losses this year and into the 2022 mid-terms will do little to halt the onslaught.  The communist network operators have all been simultaneously triggered and activated.

These outcomes are akin to implanted terror cells that lay dormant for years and suddenly begin detonating their devices.  There are explosions everywhere, except these are not suicide vests, these are pre-planted deployments.

Education networks pushing CRT {BOOM} radical teachers unions unfazed.  Transportation and supply chains {BOOM} environmental activists unfazed.  Communication networks and social media tools for organizing {BOOM} big tech unfazed.  Legislative branch {BOOM} congressional representation unfazed.  Judicial branch {BOOM} courts ignored.  Justice Department {BOOM} DOJ and FBI unfazed.  It’s not only direct assaults, the collateral damage is the intended primary target.

Inflation is skyrocketing as a direct consequence of the design {Boom} middle class is collateral damage, the communists don’t care.  Food and gasoline prices climbing creating massive pain for consumers {BOOM} the communists shrug – no biggie watch us shut down more pipelines.  Major health impacts from forced vaccinations that were not appropriately tested {BOOM}, they don’t care – vax harder, vaccinate kids.  The collective program is designed to create maximum destabilization of all systems simultaneously.

Nothing within their plan requires the approval or consent of any representative body in Washington DC.  COVID is the tool to “fundamentally change” the way the United States exists.

Joe Biden is a disposable front-man for the people organizing the objective, so they don’t have to worry about political damage. The Biden term was designed for a single set of four-year rapid advancements for the Democrat Socialist agenda. The Biden poll ratings and favorability, or lack therein, do not factor into the plan of action; those issues are irrelevant.

Those behind the executive branch; those controlling Joe Biden; are harnessing and weaponizing power; a power dynamic created by fear and enabled by COVID narratives writ large.  Meanwhile, the legislative leftists are attempting to ensure the new systems they create under the guise of COVID-19 are never in a position to be withdrawn.

That’s the bigger picture.

That’s what they mean by “Build Back Better“.

The FIRST STEP in defending against this onslaught is to stop excusing it by saying they don’t know what they are doing, or any version of the incompetency argument.  They know exactly what they are doing.

Posted originally on the conservative tree house on November 8, 2021 | Sundance | 278 Comments

Last week in an event to promote ‘environmental justice‘, Kamala Harris emphasized the priorities of the Biden administration when she held an event to highlight how trees are racist.  This week Transportation Secretary Pete Buttigieg wanted to promote ‘construction and logistic equity‘ while emphasizing the priorities of the Biden administration, so Buttigieg declared that roads and bridges are racist. WATCH:

Posted originally on the conservative tree house on November 8, 2021 | Sundance | 307 Comments

Gaige Grosskreutz was one of the attackers of Kyle Rittenhouse in Kenosha Wisconsin last year.  After giving testimony earlier today attempting to paint himself as a victim of Rittenhouse, the witness/attacker admitted today in during cross examination he was shot only after he threatened Rittenhouse by pointing a gun at him inches away from his head.

While the prosecution hoped Grosskreutz’s sketchy testimony would assist their case, the actual testimony supports the defense claim of Rittenhouse acting in self defense after being attacked by a mob.  The crushing admission is below (prompted to 08:10) WATCH:

The prosecution case just collapsed.  Rittenhouse, now 18, is charged with homicide and attempted homicide for shooting three people during the Kenosha riots as the mob attacked him.  Rittenhouse shot and killed 36-year-old Joseph Rosenbaum, 26-year-old Anthony Huber, and wounded Gaige Grosskreutz.  All of the people shot by Rittenhouse were attacking him at the time.

Posted originally on Rumble Glenn Greenwald  Published September 30, 2021 1,308,838 Views

Rumble — When former Trump speechwriter Darren Beattie reported in June that there was evidence suggesting FBI foreknowledge of the January 6 protest at the Capitol, if not active involvement, the corporate media mocked him and others who took it seriously for being deranged conspiracy theories. But now, the New York Times just reported that the FBI had at least one informant at the Capitol on that day. On the latest SYSTEM UPDATE, Glenn Greenwald speaks to Beattie about what do know now about involvement by the FBI and other law enforcement agencies. They also discuss whether concept of “right” and “left” are changing radically.