Dear Friends,
It seems to me, the proposed “billionaires tax,” that taxes the unrealized capital gains, of “billionaires,” is the most obvious Trojan horse ever devised, by malevolent minds. If it were to pass, not one single billionaire would pay a red penny in that tax, instead it would work to insure they pay no taxes at all. You and I are the real targets of this new revenue stream. Insuring no plebeian could get ahead again. Trapping us in perpetual poverty, without means to escape, while they and their half witted kids live in unearned opulence. Like the income tax that was sold as a tax only the “rich” would pay. You can forgive Charlie Brown for falling for Lucy’s trick, since he is a cartoon character, you and I however are real human beings, hopefully with brains enough not to fall for it again.
The proposed billionaire’s tax on unearned capital gains is being sold as a way to punish those dastardly billionaires. It is using a hated minority, to get the majority to accept legislation, to harm that hated minority. This, in and of itself, is a perversion of the role of government, democracy and is based on envy. It is an effective way to get legislation passed though. This particular method has been very successful in the past as well. The income tax was originally sold as a way to hurt the rich. Since only the rich would pay it. Of course, that was a scam, now everyone pays it, except the truly rich. Whenever someone appeals to your worse nature, it is wise to question their motivations. In doing so you will usually find they are not good. Allowing our worse natures to guide us… is always stupid.
No billionaire will pay a penny, because the unrealized capital gains tax has a provision so that unrealized losses also can be deducted, as well as gains reported. Smart billionaires, and let’s face it, they all have smart accountants and lawyers, will massage their holding so they can use paper “losses” to cover real gains. Meanwhile the actual targets of the tax, you and I, don’t have access to the funds, accountants and lawyers to massage our fillings, so we will pay that tax. Insuring no poor kid will ever by ETFs, rental units or the means of production, and get rich. Not to mention, the tax would actually be taking money, based on how much they have already stolen through inflation! So when you see the word, “billionaire” in an article about it, replace it with, “me, myself and I.”
A swindle always has an element of perversion to it, as well as a healthy dose of greed and perhaps envy. The swindler gives the Mark some leg up that is supposed to result in a quick payday. The whole thing plays on the victim’s greed and willingness to engage in underhanded means to get rich. In our case, instead of appealing to greed, the swindler is appealing to the Mark’s (our) envy. All the elite need is for us to open the door, and they will thrust it all the way open and tax everyone, (except themselves). Think about it for a moment. The elite are telling us, they are going to unfairly harm themselves, and their patrons, simply out of spite. All we are asked to do is allow them. Yea, if you don’t think that reeks of a swindle, I suspect you are waiting on a few Nigerian Princes.
Anyone who would try to pull such a malevolent swindle on us, is someone who should be removed from power, and sent to prison. Such crimes dwarf those of a mere bank robber, drug dealer or even Bernie Madoff. Since mid level drug dealers often get 40 or more years in the penitentiary, I think that would be fair for politicians who attempt such onerous crimes. Imagine trapping humanity in a state of perpetual poverty? Think of the magnitude of that crime. The unimaginable human suffering that would result, alone, would justify a life sentence. Remember, that same criminal would happily send you to prison ruining your life and thereby your kids lives, for not wearing a mask. So, are we going to take a shot at that ball Lucy is holding… or not? Maybe she will let us kick it this time?
Sincerely,
John Pepin
