'Why Can't You Just Answer Me?': John Kennedy Grills Dem Witness

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@Mikeissm
@Mikeissm Жыл бұрын
Senator Kennedy is 71 years old and still kicking butt! One of my favorite in Congress for sure!
@WellWisdom.
@WellWisdom. Жыл бұрын
Yeah he is a badxss.
@cydpeace126
@cydpeace126 Жыл бұрын
Like the mind of a 5 year old he cannot see the complexity of the issue. Unlike you, I do not see taxing the rich at comparable rates as inherently unjust. Gross wealth is only a aquired by means of using others. They reaped all of the benefits our economy has to offer but don't want to pay their fair share of the cost.
@Mikeissm
@Mikeissm Жыл бұрын
@@cydpeace126 This whole thing isn't about taxing them comparably. It's about taxing them more because they can afford it. I don't think it's very fair that a business owner should pay astronomically more in taxes because on paper they're a "millionaire" when that person's business has contributed way more to the economy than the average person. Not to mention giving even more money to an out of control federal government that is $31.7 TRILLION in debt. If the fed wants more money they should start by not spending money they don't even have.
@manmanny6462
@manmanny6462 Жыл бұрын
Another dipstick
@jameshvernon
@jameshvernon Жыл бұрын
@@WellWisdom. Yeah, his badass type lost the civil wah, ya'll
@1960shakey
@1960shakey Жыл бұрын
Just hearing “PRE TAX”…. It lets me know where they stand!
@elizabethfirnschild8471
@elizabethfirnschild8471 Жыл бұрын
Elizabeth Firnschild 0 seconds ago I pay quarterly estimated taxes. I stress estiamated not what I have earned but what the goverment has estimated that I will earn and some mouthsI go with out BECAUSE I did not earn what the goverment ESTIMATED. Tell me is that fair and how is this different that what we are discussing??? The billianaires will not wash their cloths for want of money why should I>
@will-ob7pr
@will-ob7pr Жыл бұрын
It's like monetary Minority Report the movie. Pre-Crime now Pre-Tax .. gotta be communist like DEI , ESG and Cypto Currency. Nothing like a Trans Social Corporate Equality *Index* with a pre-tax, to give you that warm and fuzzy feeling for a CCP style Social Credit Score.
@FarmingWithYahweh
@FarmingWithYahweh Жыл бұрын
@@elizabethfirnschild8471 That's _NOT_ what is being discussed here. It's being taxed on gains before you make them. Do you think they should get a refund later on if they don't realize those gains?
@hugoglenn9741
@hugoglenn9741 Жыл бұрын
@@elizabethfirnschild8471 you can underpay if you did not pay a lot taxes in the previous year and if you are not going to make money in the current year you don’t have to pay estimate taxes.
@bobbyy.7762
@bobbyy.7762 Жыл бұрын
No. It doesn't. You really don't care what the witness says because you've already made up your mind. So admit it! You don't care what the witness says!!!
@donmacadam2004
@donmacadam2004 Жыл бұрын
Just listen to these people for a few minutes and you know longer wonder why our country is such a mess
@davewhite3629
@davewhite3629 Жыл бұрын
It’s always been that way. it is just we became wiser
@cloudoftime
@cloudoftime Жыл бұрын
Exactly how?
@JUSTICE-COMING
@JUSTICE-COMING Жыл бұрын
Let's go BRANDON
@paldeusjaco9657
@paldeusjaco9657 Жыл бұрын
The arrogance of today's generation. They have no clue what they are doing, they have never worked a day for anything. Equity can only be achieved by zeroing out everyone. Simple math the least common denominator. It's why biden has even shown for the house loans, those with good credit will be taxed extra, those with bad credit get a tax break. it makes more sense to be a worthless useless person than to help progress civilization.
@JUSTICE-COMING
@JUSTICE-COMING Жыл бұрын
​@@cloudoftime well, stop listening to cnn...
@DrSkippy1
@DrSkippy1 9 ай бұрын
I'm in my 60s. I don't know anybody leaving Texas for California.
@jhonsoto6663
@jhonsoto6663 9 ай бұрын
Migrants😂😂😂
@kurthandrews6206
@kurthandrews6206 9 ай бұрын
Texans don’t.
@richbob9155
@richbob9155 9 ай бұрын
They are referring to illegals. They all flock to California.
@trollol_
@trollol_ 9 ай бұрын
Try expanding your social circle.
@DrSkippy1
@DrSkippy1 9 ай бұрын
@@trollol_ You're kidding. That's your play? Grow up, junior.
@Greghh1960
@Greghh1960 Жыл бұрын
Yep...people move to New York because of the free handouts. People leave NY because of the taxes to pay the free handouts.
@joshdaniels5970
@joshdaniels5970 Жыл бұрын
California too !
@NoJersey
@NoJersey Жыл бұрын
People don't move for the handouts 😢. The rent is too damn high for them and they can't get public housing unless they're already New Yorkers
@WizzRacing
@WizzRacing Жыл бұрын
Exactly.. As they never tell you whom it is moving there... The poor move in. The wealthy move out.. And all you have to do is look at the States that run Huge Deficits.. And they need to raise taxes on those that have money. To pay for their Salaries. Pension Funds. Premium Medical. Vacations etc... And it only gets worse as time goes by in those States...
@WizzRacing
@WizzRacing Жыл бұрын
@@NoJersey Like hell they can't.. You got 1 Million illegals that moved there this year. As they want the ID's and that gets them the free stuff.. You can even look at New York's budget every year...It shows where the money went..
@jaylayland2867
@jaylayland2867 Жыл бұрын
What about Al Sharpton did he ever pay his taxes which was in the millions of dollars? Have they confiscated any of his property?
@freeman7296
@freeman7296 Жыл бұрын
the threat isn't even hiding anymore - it's totally out in the open and this guy is the evidence.
@jdlives8992
@jdlives8992 Жыл бұрын
yup. freakin scary. these people lord have mercy
@MrYac-ie8ie
@MrYac-ie8ie Жыл бұрын
it was never a a threat, it was always a promise from them.
@mkrchnak5269
@mkrchnak5269 Жыл бұрын
@@MrYac-ie8ie .....yes sir, I could not agree more.
@paulotonedef
@paulotonedef Жыл бұрын
Which guy? There’s several.
@Schoolship.
@Schoolship. Жыл бұрын
@@paulotonedef probably, since he mentioned they're a threat, the first guy, the obvious communist who the first thing he said was dividing us up into "labor" and "capital".
@colemanwolfe6404
@colemanwolfe6404 Жыл бұрын
Awesome job as always Senator Kennedy
@macnewman2588
@macnewman2588 Жыл бұрын
Mr Kennedy is always so polite and respectful Calm, cool and collected when grilling people - a real gentleman.
@kathlake4009
@kathlake4009 Жыл бұрын
I hope you're being sarcastic. He is so rude and keeps interrupting as people are trying to answer.
@ambicateiler3152
@ambicateiler3152 Жыл бұрын
No. He is very polite, but holds scoundrels‘ feet to the fire. He makes them answer the questions he asks, not the questions they might want him to ask. They try to worm out of answering his questions, and that‘s what makes them scoundrels. I guess you think scoundrels are ok because more Democrats per capita are scoundrels than are Republicans.
@trollol_
@trollol_ 9 ай бұрын
If he was on the internet he would be labeled a troll. Ask me how I know.
@tomwickham8938
@tomwickham8938 9 ай бұрын
The power of asking logical, simple questions!
@carolynmacaluso4957
@carolynmacaluso4957 8 ай бұрын
He's like a southern "Columbo." (From the old TV series)
@revonda5204
@revonda5204 Жыл бұрын
Yes, always entertaining, but more than that, he's right! He's a very smart man.
@elizabethfirnschild8471
@elizabethfirnschild8471 Жыл бұрын
Elizabeth Firnschild 0 seconds ago I pay quarterly estimated taxes. I stress estiamated not what I have earned but what the goverment has estimated that I will earn and some months I go with out BECAUSE I did not earn what the goverment ESTIMATED. Tell me is that fair and how is this different that what we are discussing???
@dallaspatron7411
@dallaspatron7411 Жыл бұрын
I know I shouldn't be laughing as our country goes down the toilet but John Kennedy makes me laugh hard when I watch him question people.
@4040smokey
@4040smokey Жыл бұрын
It is fun but I would like to see more solutions enacted and less time asking "gotcha" questions.
@LibertyFascism
@LibertyFascism Жыл бұрын
@@4040smokey, Step 1 is to discredit the left's ridiculousness.
@dannybird4996
@dannybird4996 Жыл бұрын
@@4040smokey how’s he asking gotcha questions? Oh you mean he should be throwing softball questions like democrats do ?
@992turbos
@992turbos Жыл бұрын
Get old grumpy men set in their ways focused on nothing but $ out of office
@terrytownsend5583
@terrytownsend5583 Жыл бұрын
Can’t beat Cruz
@cathleenhamby4723
@cathleenhamby4723 Жыл бұрын
Inheritance taxes should be abolished completely! What a family is able to earn and preserve for their heirs has already been taxed many times over. What remains should never be taxed!
@scottb4579
@scottb4579 Жыл бұрын
It's practically immoral, isn't it?
@cheriwarren4524
@cheriwarren4524 Жыл бұрын
Agree
@TheBlueFabbit
@TheBlueFabbit Жыл бұрын
I agree, except in the case if the inheriting family members sell the property rather than taking ownership. (I.E. if My Grandfather left me a house in his will, and I inherit it once he passes away. If I do not wish to live in said home and instead opt to sell the property...then I should be taxed on that asset.)
@prybarknives
@prybarknives Жыл бұрын
​@TheBlueFabbit why should property that's already been taxed for its ownership (all previous property tax) and taxed before its ownership (income tax on the money originally used to buy it), and is still being taxed (current property tax)... Be taxed again, because it is sold?
@opietwoep1247
@opietwoep1247 Жыл бұрын
Because they want to destroy the Family
@jamesmehalick4777
@jamesmehalick4777 Жыл бұрын
Never fails to amaze me. People always want someone else's money but won't give their own.
@michaelegan6037
@michaelegan6037 Жыл бұрын
Who makes the rich richer are the working class Kennedy is for the rich not the poor
@meritocracyordeath
@meritocracyordeath Жыл бұрын
That Kennedy is a treasure.
@ceecee1951
@ceecee1951 Жыл бұрын
A voice of reason ❤
@suzyq5675
@suzyq5675 10 ай бұрын
Kennedy doesn't want to pay taxes on his investments and his properties. LOL! www.disclosures.org/wp-content/uploads/2017/08/John-Neely-Kennedy-Annual-Financial-Disclosure-2016-1.pdf
@BenLujan-r5q
@BenLujan-r5q 9 ай бұрын
Amen!
@Susan-j3w
@Susan-j3w 5 ай бұрын
History class is in. Thank you Mr. Kennedy.❤🤍💙
@TheSilentprayer
@TheSilentprayer Жыл бұрын
When they talked about taxes (wealth taxes, using France as an example), Thomas Sowell just crossed my mind. Despite all empirical evidence on what works and never works, some so called intellectuals want to still push for what never works.
@paulenterline3107
@paulenterline3107 Жыл бұрын
Always remember, for them it's not about fixing the system. It's about tearing it all down and starting anew without individual freedoms and autonomy.
@Pincuishin
@Pincuishin Жыл бұрын
because its always about control and oppressing and drawing wealth from the people.
@hutch13133
@hutch13133 Жыл бұрын
@Paul Enterline They are trying to fix the system just like a fixed boxing match.
@martinnielsen5851
@martinnielsen5851 Жыл бұрын
​@@paulenterline3107 No. They are trying to rewrite the laws so that they can keep control. They are really just trying to gain more of an edge, while they try to cover up their true crimes. These people are the only really evil ones i know of.
@silentwitness536
@silentwitness536 Жыл бұрын
France doesnt have the natural resources, the large population and a massive GDP the USA does.
@richardmmasliah3130
@richardmmasliah3130 Жыл бұрын
Senator Kennedy is not just a national treasure, a top tier / exceptional law maker but also a rational, down to earth, honest and very appreciated American soul 🙏🏻
@KrazyIndeed
@KrazyIndeed Жыл бұрын
And term limits would ensure he didn't last long.
@ZKrinny
@ZKrinny Жыл бұрын
i think hes actually brilliant he luls these high intellect people in with the way he speaks right before he just blows up their arguement
@heynow01
@heynow01 Жыл бұрын
But, he just show boats and always ends up voting in favor of so many idiot nominee's. It's like he gets credit for making these fools expose themselves, but then no criticism for voting for idiots.
@fmcg5364
@fmcg5364 Жыл бұрын
But why is he on the senate budget committee when he doesn't not understand anything about the subject?
@richardkev3077
@richardkev3077 9 ай бұрын
It’s amusing listening to these people try to pretend that wealthy people do not flee high taxes.
@DaveZaniboni
@DaveZaniboni Жыл бұрын
"People vote with their feet." I love Senator John Kennedy.
@pcraft8785
@pcraft8785 Жыл бұрын
Checked these jews for sure.
@claudiobasile6113
@claudiobasile6113 Жыл бұрын
Worse ... Many vote with their butts!
@patdriver5696
@patdriver5696 11 ай бұрын
What's he going to do about the treason of the Biden group, except talk about it?
@JERIGNUSS
@JERIGNUSS Жыл бұрын
Could it be Senator Kennedy is just too practical & down to earth
@elizabethfirnschild8471
@elizabethfirnschild8471 Жыл бұрын
Elizabeth Firnschild 0 seconds ago I pay quarterly estimated taxes. I stress estiamated not what I have earned but what the goverment has estimated that I will earn and some mounth I go with out BECAUSE I did not earn what the goverment ESTIMATED. Tell me is that fair and how is this different that what we are discussing???
@Kezoman1
@Kezoman1 Жыл бұрын
@@elizabethfirnschild8471 They are not talking about earned income. They are talking about INHERITANCE TAX. I understand exactly what that economist is saying. Why is that idiot Senator pretending that it’s too difficult to comprehend. EVERYONE (((WILL))) eventually have to pay at least at point of sale, but, if the Billionaire does have the cash up front, then that financially capable individual or entity SHOULD have to pay up front.
@pbrooks2099
@pbrooks2099 Жыл бұрын
Pre-pay unrealized gains tax? That is preposterous.
@luggnutz
@luggnutz Жыл бұрын
I want to know, will the IRS pre-pay on the loss?
@leslie6350
@leslie6350 Жыл бұрын
We already are taxed to death, to the point that we can never own one God blessed thing ,if you by a house pay for it in full taxes paid when it is paid for we are still required to keep paying taxes,that Means you never own it and still can,t aford to keep maintained on it even a car You never own it ,pay the payments all your life ,it,s not yours give it to your kids They will never own it eighter.
@Kevinm1025
@Kevinm1025 Жыл бұрын
I was waiting for him to ask, what if those gains are never realized, do we pay back the taxes plus interest? Would lve to see them try to justify keeping it or not paying interest for money they took
@travisfoster1071
@travisfoster1071 Жыл бұрын
The Republican party is only about the rich, the poor man is left behind.
@Joebethere7
@Joebethere7 Жыл бұрын
Is it fair for billionaires to pay less than people who make 80K? Because that is what you are saying is fair. Keep your billions in real estate and you never pay a dime. Your first home? yes. Owning whole city blocks? Nope
@thrashmetal7588
@thrashmetal7588 Жыл бұрын
Her saying California has one of the best economies tells me all I need to know!
@gymshoe8862
@gymshoe8862 9 ай бұрын
CA is billions in the red--they are near collapse!
@trollol_
@trollol_ 9 ай бұрын
That's right you know nothing.
@striker44
@striker44 8 ай бұрын
Check California's GDP against other nations including USA - then you will know better.
@mikey92362
@mikey92362 8 ай бұрын
​@@striker44 move silicon valley to anywhere else and then check the numbers.
@Jsior1
@Jsior1 8 ай бұрын
@@mikey92362are you saying California is a great economic state because it has Silicon Valley?
@mmctest
@mmctest Жыл бұрын
This gentleman is an excellent example of the difference between intelligent and smart and the concept.of knowing more and more about less and less until one knows everything about nothing. God bless Senator Kennedy. My opinion
@mathprodigy
@mathprodigy Жыл бұрын
Oh yea, this dude is old school and wields all his power and abilities properly with responsibility, and he isn't at all afraid to dictate the conversation and steer it directly into the most prominent points. He doesn't put up with people not answering the question. He's a true blessing to America. Folks don't like Marjorie Taylor Greene for the same reasons, she's brash, bold, and doesn't put up with BS. We need strong representatives of the public like Greene, Kennedy, Gaetz, Jordan, Paul, etc
@googleisskynet7312
@googleisskynet7312 Жыл бұрын
"The trouble with our Liberal friends is not that they're ignorant; it's just that they know so much that isn't so." - The Gipper
@guitarken6446
@guitarken6446 Жыл бұрын
On behalf of Floridians, to the guy that said he would never move to Florida, thank you.
@edprall5648
@edprall5648 Жыл бұрын
Lots of people would never even want to visit that hole.
@vicm6561
@vicm6561 Жыл бұрын
Yet we get almost all our revenue from TOURIST 😀thanks
@deanhauser6626
@deanhauser6626 Жыл бұрын
@@edprall5648 then you best stay where you are most appreciated, I assume you are a hater of good
@bmack2938
@bmack2938 Жыл бұрын
@@edprall5648 LOL. How exactly is Florida a hole? Nearly the entire East coast of the US has vacationed there. Blue state residents are relocating there. Nobody moves away. So back up your claim. Or better yet try to book a Uhaul one way from California or NY. People vote in elections. They vote with their feet as well. And all the feet are voting against blue states in favor of Florida beach sand between their toes. The data doesn’t lie.
@jameswright2974
@jameswright2974 Жыл бұрын
Only 10 % live In Florida Zelensky got a condo . In that area used to be run by a steroid junkie ???????????💪
@surfersilver6610
@surfersilver6610 Жыл бұрын
Mr. Kennedy can have a podcast or TV show if he ever gets out of politics. He's a real deal.
@louisbabycos106
@louisbabycos106 Жыл бұрын
I love the way he talks .
@diapricea4888
@diapricea4888 Жыл бұрын
This man is an ICON!
@diapricea4888
@diapricea4888 Жыл бұрын
Sen Kennedy is brilliant
@EdmxndDantes
@EdmxndDantes 9 ай бұрын
Senator John Kennedy is a national treasure.
@workaholic5318
@workaholic5318 Жыл бұрын
Unrealized income tax is like paying tax on a slot machine jackpot that you are sitting at without winning the jackpot.
@TheBDD1970
@TheBDD1970 Жыл бұрын
When the debt ceiling is raised and the fed prints more money, all future values are taxed.
@Kenny-bj2zq
@Kenny-bj2zq Жыл бұрын
Just go to a flat tax get rid of so much Fat in the Govt.
@Lightning613
@Lightning613 Жыл бұрын
great analogy even a DEM might understand.
@sfguidry1959
@sfguidry1959 Жыл бұрын
He said the really wealthy who can afford to prepay their taxes.
@skp8748
@skp8748 Жыл бұрын
​@@Lightning613 but you can get a loan against that asset... untaxed
@JohnDeWeese-lq4pf
@JohnDeWeese-lq4pf Жыл бұрын
“You can’t fix stupid, but you can put it in charge of the economy to come up with even more unconstitutional tax codes!”
@CourageGraceandKickintheAss
@CourageGraceandKickintheAss Жыл бұрын
Absolutely!!! Unfortunately this applies to most Gov agencies.
@elizabethfirnschild8471
@elizabethfirnschild8471 Жыл бұрын
Elizabeth Firnschild 0 seconds ago I pay quarterly estimated taxes. I stress estiamated not what I have earned but what the goverment has estimated that I will earn and some mounth I go with out BECAUSE I did not earn what the goverment ESTIMATED. Tell me is that fair and how is this different that what we are discussing???
@bertdiver3708
@bertdiver3708 Жыл бұрын
Stupid is a relative term by that I mean you must think everyone is stupid if they don't agree with you
@bertdiver3708
@bertdiver3708 Жыл бұрын
Why are you concerned about wealthy are you trying to protect yourself Andrew wealthy friends. You sure sound pretty defensive
@bertdiver3708
@bertdiver3708 Жыл бұрын
Poor people will always be poor because they have no means to gain. Wealthy people are either beneficiaries or those who have employees. Either way it is the system of our country and the infrastructure built by taxpayers that makes it possible for them to do so.
@trishfischer4127
@trishfischer4127 Жыл бұрын
Senator Kennedy. You are amazing. Thank you so much for common sense ❤❤❤
@davidbrattain1446
@davidbrattain1446 Жыл бұрын
This is the most asinine idea I have ever heard. The tax system has been bent into a Gordian knot that needs to be reduced to a single flat tax and a modest consumption tax.
@adamnichols476
@adamnichols476 Жыл бұрын
flat tax yes, no consumption or vat tax.
@megauser8512
@megauser8512 Жыл бұрын
Exactly!
@sleepete12
@sleepete12 Жыл бұрын
I am right (and right) but I do understand lefties for taxing rich, there is a rich and RICH. The last few years we had a thing and it was economic downturn, many middle class people sunk into lower class and many "rich" feels like middle class again, but those who were RICH became even more RICH... transfer of wealth happens each time there is economic crisis - these RICH never became poorer they always profit of it, they have christmas when 2008 property bubble burst or when had a thing these last couple of years and the following global economic downturn will transfer even more wealth from middle class and "rich" to them... there must be balance, I believe in progressive property tax for example, pay low for your house, but buy a second property (investment or present for furture kid) and pay exponentially more with each, many low eye-cue people will argue: but then the dad will just sign the house on his wife and kids and they all will pay the low tax...yes...that is the point...each person has right to own something and pay little, but if the dad, or mom or any of the kid buy ANOTHER property then they will be taxxed heavily.... For companies owning office space for rental or sell or apartment buildings there would be flat tax but much much higher than for a non-legal person's first property... Taxes should not be flat and it can be balanced well enough, other thing to fix is to stop crony capitalism and capitalizing profits but socializing losses.... if blackrock owns stock in chayna properties then they should go absolutely bankrupt once that enormous bubble burst (chayna economy is in the toilet and they have astronomic internal debt). The same for any bank, no bailouts.... you risk, you win or lose....
@astronautical1082
@astronautical1082 Жыл бұрын
No, the absurdly rich generate a far higher cost to infrastructure, government, and environment than those with modest incomes. That is the basis for increasing rates as a function of income. A flat tax shifts that burden to the vast majority of modest income earners.
@warrencusick1140
@warrencusick1140 Жыл бұрын
The consumption tax always grows. Europe has been down that road with their Value-Added Tax (VAT) and most are at 20% now. Not when they started the idea. That is on top of their income tax. So, NO, we don't want a "modest" consumption tax that the politicians will raise then redistribute to buy votes.
@81ghale
@81ghale Жыл бұрын
That woman seriously tried to come up with some off the wall reason for people leaving NY just to avoid saying the obvious.
@lindab1792
@lindab1792 Жыл бұрын
Lots of reasons to leave NY, crime, high taxes, filth, crap public schools.
@popeyethepirate5473
@popeyethepirate5473 Жыл бұрын
She didn't even do that much
@Andrew-wv7qp
@Andrew-wv7qp Жыл бұрын
I was laughing at the members who were saying "people also move to California." That's like making 100k but spending 500k and thinking you're financially fine because of the money going in, when you're actually screwed because of the money going out.
@RMCroft
@RMCroft Жыл бұрын
@@lindab1792 All Democrat constructs.
@the_even_toed_ungulate.
@the_even_toed_ungulate. Жыл бұрын
It's called 'fumfering' aka buying time to make up rhetoric and bullshit
@jeffw5263
@jeffw5263 Жыл бұрын
“There are no solutions, only trade-offs.” -Dr. Thomas Sowell
@sl4529
@sl4529 9 ай бұрын
WE ARE TAXED AT LEAST 8 TIMES ON A SINGLE $$. AND WE HAVE NO VALID REPRESENTATION
@UISTMAN59
@UISTMAN59 8 ай бұрын
Would you like to give one concrete example of that facetious claim? Of course you wouldn't and neither could you. It is not possible to be taxed 8 times on a single dollar.
@francissmith3592
@francissmith3592 8 ай бұрын
​@@UISTMAN59taxed as income and then taxed when you spend it.. there is 2 right off the bat. Of course a dollar can be taxed multiple times while in your possession
@robins265
@robins265 8 ай бұрын
@@UISTMAN59let’s say I buy an item from another country. A trinket of some sort. There’s going to be a tariff on imports. That’s your first tax. Then there’s a tax when it’s sold to the distributor. Then again when it goes from distributor to retailer. The. Again when it’s sold to the consumer. The money the consumer used to pay for the item is taxed (income tax). The money the retailer used to buy it is taxed (income tax) and the money they used to pay their staff is taxed (payroll tax). The money the distributor used to buy it from the manufacturer is taxed (income) and the money they used to pay their staff to move it is taxed (payroll). The money the manufacturer used to produce the product was taxed (income) and the money they used to pay their staff was taxed (payroll). Even if we simplify it down to just the money from your pocket: it was taxed when your employer paid you (payroll tax), taxed as income to you (income tax), and you paid tax when you bought the item (sales tax). At the very least the money is being triple taxed.
@tommykaji4414
@tommykaji4414 7 ай бұрын
Not 8 but forever taxes on your dollar.
@joe.oneill
@joe.oneill Жыл бұрын
John Kennedy is a National Treasure. We need a few hundred more of him in Washington.
@mycdoc
@mycdoc Жыл бұрын
If Republicans would get behind a statesman like John Kennedy, and not an orange clownish criminal, they would be in control of the federal government.
@ryanp6999
@ryanp6999 Жыл бұрын
Quit throwing around "national treasure" so carelessly. He's a great lawyer and senate member. He's not a "national treasure"....
@kevinmacisaac4856
@kevinmacisaac4856 Жыл бұрын
I think John Kennedy is a brilliant man , maybe president one day
@Conflict_Boardgaming
@Conflict_Boardgaming Жыл бұрын
Mr. Kennedy should be put on Mount Rushmore!
@dcsteve7869
@dcsteve7869 Жыл бұрын
@@ryanp6999 well in a day and time when so many people who are supposed to do the peoples work have stopped doing so, stopped being civilized, stopped making rational arguments and instead substitute their duty to the nation for duty to keep getting themselves elected I'd say the rare few like Kennedy become treasures. He's an example of what and how our representatives should be, regardless of their party affiliation and if I was a jr senator of either party I would look to him for that example of how to conduct myself.
@Ineden774
@Ineden774 Жыл бұрын
It’s fascinating the way they’ve made an art form out of ways to dodge answering questions.
@loreicmaster
@loreicmaster Жыл бұрын
Democrat Government Employees only answer when paid by foreign nations sorry America.
@glennhatley2010
@glennhatley2010 Жыл бұрын
Democrats either lie or just dodge questions
@edwalker2169
@edwalker2169 Жыл бұрын
Which question did he dodge?
@loreicmaster
@loreicmaster Жыл бұрын
@@edwalker2169 pretty much every single one of them...... liberals cant see truth cause they know they support the liars.
@lennykravitz4107
@lennykravitz4107 Жыл бұрын
@@edwalker2169ask a 5th grader if it’s raining outside. They will tell you. Ask one of these goons in front of congress and they will waste 5 minutes discussing if it’s even possible for rain to have a benefit to us
@fredericksharon7494
@fredericksharon7494 Жыл бұрын
John Kennedy is a National Treasure
@MarieN8959
@MarieN8959 Жыл бұрын
I like the man so much. He is so funny and yet so serious 🤣 😂
@lindathayres1416
@lindathayres1416 Жыл бұрын
Senator Kennedy Rocks !!! 💪👍👏🇺🇸
@rogerwright1902
@rogerwright1902 Жыл бұрын
It amazes me that, when two or more Doctors of Philosophy in Economics are gathered in one spot, the IQ of the entire group drops like a rock.
@russlawrencerjbrk
@russlawrencerjbrk Жыл бұрын
Ask those 2 PhDs the same question and you'll 4 different answers.
@SSchradle
@SSchradle Жыл бұрын
"Should we tax income you didn't receive?" You really have to have a screwed-up mindset to want to tax someone for something they didn't receive...
@davidburns5374
@davidburns5374 Жыл бұрын
I believe Bill Clinton floated something like this. it had to do with home equity. It didn't fly so I'd forgotten about it until I saw this. Don't underestimate the Democrat's ability to work a long term plan. Once they get an idea they stick to it like a dog with a bone. And of course, it would only affect the ultra rich, for now.
@elizabethfirnschild8471
@elizabethfirnschild8471 Жыл бұрын
I pay quarterly estimated taxes. I stress estiamated not what I have earned but what the goverment has estimated that I will earn and some mounth I go with out BECAUSE I did not earn what the goverment ESTIMATED. Tell me is that fair and how is this different that what we are discussing???
@jasonwiley798
@jasonwiley798 Жыл бұрын
Have you heard of imputed income.?
@SynthApprentice
@SynthApprentice Жыл бұрын
Then loans against property should also be taxed as realized gains. Loans shouldn't be used as a loophole to escape paying taxes.
@nicholashodges201
@nicholashodges201 Жыл бұрын
@@SynthApprentice there are already taxes on loans, they are added into the repayments. They are also collected on whatever the borrower uses that loan to pay for. Which is bunk. Loans are NOT income for the borrower they are DEBT. The only one that ultimately profits from the loan itself is the lender. You do not pay tax on debt. You also ignore the fact that it is unlawful to tax individual demographics under separate tax systems, which this would do, so it would have to be applied across the board. Which means that this would also impact those who could not afford the extra, speculative taxes as well as the "ultrawealthy".
@markstasek5746
@markstasek5746 Жыл бұрын
To pretend that "taxing" nothing because it might one day be something is INSANE as well as unconstitutional.
@wendyd8888
@wendyd8888 Жыл бұрын
Many of them are indeed INSANE and/or CORRUPT
@pcraft8785
@pcraft8785 Жыл бұрын
These jews don't care.
@stran9adan9a63
@stran9adan9a63 Жыл бұрын
​@@pcraft8785typical racist!
@cedarmanagement2343
@cedarmanagement2343 Жыл бұрын
Exactly. They should value the asset and land on the condition there is a cash buyer and not purchased via bank loans. Meaning that the sources of buyer's funds must come from own savings only. The IRD wants cash, and they won't accept shares as payment , and some fictitious valuation
@erikarice6859
@erikarice6859 Жыл бұрын
Well all politicians break the law eventually, how about we jail them preemptively just in case?!?
@justinmadrid8712
@justinmadrid8712 9 ай бұрын
When you avoid a basic question, you lose all credibility with me. It’s not like this is a criminal trial where you have to worry about going to jail.
@claydupuy7327
@claydupuy7327 Жыл бұрын
Haha! Kennedy’s last statement was absolutely brilliant! 😂
@BooDamnHoo
@BooDamnHoo Жыл бұрын
NOBODY should pay taxes on unrealized income/gain. You don't actually have any wealth until you sell and convert something INTO wealth.
@mattpoules9225
@mattpoules9225 Жыл бұрын
common sense should be a required skill set in Government positions
@jonathanconklin6351
@jonathanconklin6351 Жыл бұрын
@@mattpoules9225 This is what we all voted for if you all are to be believed. No need for passports anymore, Gitmo waived that requirement.
@StoryGordon
@StoryGordon Жыл бұрын
He's offering an opinion. One person out of millions. Who among us thinks the same.
@thegrandlevel313
@thegrandlevel313 Жыл бұрын
UNLESS, you could pay a flat rate on securities, equities, assets, or businesses, and when those gain are realized, you are paid in full.
@thegrandlevel313
@thegrandlevel313 Жыл бұрын
@@mattpoules9225 I had a government official tell me recently they don’t have to follow state law, that a local gov has constitutional rights, and fingerprinting programs do not trigger the fourth amendment. We need people who ARE educated. Not people who THINK they’re educated.
@ElkStirrinTheHoney
@ElkStirrinTheHoney Жыл бұрын
I love the respect that Senator Kennedy has, and the respect they give back.
@danemart1842
@danemart1842 Жыл бұрын
Great point. He can make his point with calm discussion instead of brow-beating insults.
@surfinchemist1
@surfinchemist1 Жыл бұрын
This is what healthy discussion and debate looks like. Comparing this committee hearing to the one Taibbi had to sit through is night in day.
@ronaldhall2489
@ronaldhall2489 Жыл бұрын
He is looking right down their throat
@FarmingWithYahweh
@FarmingWithYahweh Жыл бұрын
you should watch the debates they have in Parliament.
@ElkStirrinTheHoney
@ElkStirrinTheHoney Жыл бұрын
@@FarmingWithYahweh Lol. I do. It's kind of a circus compared to the Hearings we have in the US. But our Hearings are starting to get out of hand also. But you guys get to cheer your colleagues on. Which is funny.
@kingeris1657
@kingeris1657 8 ай бұрын
I can listen to senator Kennedy all day. He is smart and funny.
@JohnDoe69X
@JohnDoe69X Жыл бұрын
The fact that this is even being discussed gives me the willies.
@bt9704
@bt9704 Жыл бұрын
People worth over $100M actually paying taxes gives you the willies? Let me guess you are going to strike it rich any day now
@JohnDoe69X
@JohnDoe69X Жыл бұрын
@@bt9704 Now, that's funny. Reminds me of the income tax law, which was passed in the early-20th century. It was _supposed_ to be temporary, and affect only the very richest. Now look where we are. The same thing will happen with a 'wealth' tax. Today it will affect only billionaires, and eventually, it will trickle down to the rest of us. That's why I'm against it.
@grizzlygrizzle
@grizzlygrizzle Жыл бұрын
So if the IRS wants pre-payment on unrealized gain, will they pay the person back if the property declines in value? With interest? This whole scheme sets a disturbing precedent. There are better ways to collect from the very wealthy. Tightening up the loopholes for tax shelters would be one way. But in any case, income should only be taxed once, and there are several ways in which it is taxed twice.
@davenoejoe
@davenoejoe Жыл бұрын
Describe the Willie's please
@valerieshive9160
@valerieshive9160 Жыл бұрын
Twice? I think they tax the dollars more than twice! Stunning they would even consider especially with real examples of it having been “tried” in France and it being a disaster that they repealed. Too bad when we “try” something in our country, it sticks hard. Like Obama Care. How audacious of them to consider taxing on unrealized gains when they know inflation is soaring and so property values are on a trend down and not upward! This cannot happen.
@kristenrusso6924
@kristenrusso6924 Жыл бұрын
We ❤ you john KENNEDY
@kurtdobson
@kurtdobson Жыл бұрын
Government needs to prove they can live within a budget before they try to find new avenues to tax our citizens.
@katblu8874
@katblu8874 Жыл бұрын
Well, that'll never happen, with any government entity. 😂
@cathleenhamby4723
@cathleenhamby4723 Жыл бұрын
Amen!
@jamessoares1563
@jamessoares1563 Жыл бұрын
So well said. Please keep putting that out there. You hit it on the nose.. so post it all over the internet.🤔🙏🏽🙏🙏🏽🙏🏽🙏
@pbr2805
@pbr2805 Жыл бұрын
@@katblu8874 We need to start a new country some where else with no government.
@Jimmy-Pie
@Jimmy-Pie Жыл бұрын
I agree with you 100percent!
@kbaker9804
@kbaker9804 9 ай бұрын
Senator Kennedy is so great!
@Zoofactory
@Zoofactory Жыл бұрын
I sure like watching Kennedy work.
@pokeymjt
@pokeymjt Жыл бұрын
I've often wondered, just why do corrupt politicians believe that they have a right to my income to "run government" yet their ill-gotten money is untouchable?
@cheyennealvis8284
@cheyennealvis8284 Жыл бұрын
I might be really really poor now but I'm glad that when I'm a baliginineer politicians like this guy will be there to help me. God Bless America.
@PorterPickUp
@PorterPickUp Жыл бұрын
The rationale is that the people who became rich based on the support of government back bone which helped to enable it. Things like roads, internet, utilities. Currently our ultra wealthy are undertaxed. Other countries have gone too harshly in the other direction like all the former European nobility who had to sell off estates over the decades to pay their taxes. Its a fine balance, but right now its decidedly unbalanced.
@Dakarn
@Dakarn Жыл бұрын
@@PorterPickUp But the people calling on the "ultra-wealthy" to be taxed into oblivion are the same people that think it's PROPER that the nobility had to sell estates to pay their taxes. Who owns those estates now? The governments who forced their sale. Same thing happening here. "Nobody should own a Lamborghini... unless I have one, then it's fine."
@Tank50us
@Tank50us Жыл бұрын
@@Dakarn The other thing to consider is that roughly 40% of the countries working population pays 0 taxes at all. And despite this, many people consider such an idea to be 'racist' if that 40% had to pay even so much as a dollar in taxes. The Feds could easily say "ok, everyone pays 10%", and be done with it. It's an easy calculation to make how much you'll pay in (move the decimal one spot to the right), and you never have to guess how much you actually owe or get refunded at the end of the year. But again, doing so would be decied as racist or whateverphobic the left wants to push, and are instead pushing for the super wealthy, who already pay more in taxes than everyone else, to pay even more.
@naturalPaths
@naturalPaths Жыл бұрын
Uhm, you pretty much said it yourself: corrupt.
@Shadewe
@Shadewe Жыл бұрын
John Kennedy is a national treasure.
@dennisdean7433
@dennisdean7433 Жыл бұрын
Absolutely he is(John Kennedy of Louisiana) is a national treasure.This man would be a excellent choice from many in the GOP as a Vice President running mate for 2024.
@starshine5637
@starshine5637 Жыл бұрын
No one should be paying tax on any owned property.
@BeFaithful00
@BeFaithful00 Жыл бұрын
Mr. Kennedy, please exercise, eat right, no smoking, an occasional drink -- TAKE CARE OF YOURSELF! We need this man to live forever.
@toddbrooks2452
@toddbrooks2452 Жыл бұрын
His brain is smoother than a bowling ball
@stephenkarla7113
@stephenkarla7113 Жыл бұрын
He does. He's very clear minded.
@davef.2329
@davef.2329 Жыл бұрын
Common sense on a YT comment post!! How refreshing!
@workingstiffdiogenes2195
@workingstiffdiogenes2195 Жыл бұрын
I've said the same thing a hundred times. "We love you, Senator, but we're taking away your cigars."
@ShrimpDick234
@ShrimpDick234 Жыл бұрын
The oldest woman who lived smoked
@Tbone51
@Tbone51 Жыл бұрын
Try as you may, it's almost impossible to get a rational, honest answer from most of these people.
@MrKadvaga
@MrKadvaga Жыл бұрын
Personally I found the questioning to be the side lacking in honesty and good faith.
@lincolnyaco5626
@lincolnyaco5626 Жыл бұрын
I wonder what they would say about you. I know what I would say about you. And TO you. "Was it hard to get yr GED?"
@matsv201
@matsv201 Жыл бұрын
People that are cought in a lie, can´t be honest.
@Tbone51
@Tbone51 Жыл бұрын
@@lincolnyaco5626 Ooooo . . . so clever and funny!
@richardrobinow5289
@richardrobinow5289 Жыл бұрын
right, the republicans
@brianpine2355
@brianpine2355 Жыл бұрын
Thanks Mr Kennedy. You are a breath of fresh air. The people speaking are not worried about taxes because they're wealthy enough to survive where as middle class people can not
@cloudoftime
@cloudoftime Жыл бұрын
They're talking about taxing wealthy people. It's like you didn't listen.
@mcvet57103
@mcvet57103 Жыл бұрын
@@cloudoftime And who owns the factories and businesses who hire the middle class, and sell their products to them? Do you actually think the business person will just absorb the high taxes? If you do, you are a fool.
@cloudoftime
@cloudoftime Жыл бұрын
@@mcvet57103 That's why the policy doesn't end there. You Do realize that economic policy can't be thoroughly and comprehensively explained in 10 seconds especially while you're being cut off, right? There's a reason for minimum wage, unions, and worker rights which have been fought for hard throughout time and protect the lower middle class workers from the corporate elites. It's because corporations are not moral entities. Wealthy people are not going to make sure that us lower class and middle class people have comfortable lives if they're left unchecked. And they are more capable of being taxed at a higher rate, which is why we have progressive tax systems in the first place. But the point is, wealthy people are not just going to provide to everyone else from the kindness of their own hearts. That's a fantasy. It's time to get real.
@barrykime5580
@barrykime5580 Жыл бұрын
So very true.
@MikeTidman
@MikeTidman Жыл бұрын
See that's the thing. No one survives what's coming. ESPECIALLY the wealthy. They'll be dragged out of their castles and dealt with as quickly as anyone.
@ryland20
@ryland20 Жыл бұрын
Texas native here, 40 years old. I know of one family when I was in 7th grade who moved from Texas to California. The amount of California, Pennsylvania, New York and other blue state license plates I've seen transplant here, especially post Covid, is absolutely insane. Tell every one of them, don't vote blue. You fled your state to come to mine.
@ChicagoGurl
@ChicagoGurl 9 ай бұрын
Awesome point and so true
@StaceyMayer
@StaceyMayer 9 ай бұрын
We left Seattle for Texas. We're thrilled to live in a state that's still proud to be American. God, family, and country! Plus, Texas food is awesome. ❤
@Bonzi_Buddy
@Bonzi_Buddy 7 ай бұрын
If I moved from one of these disastrous states, I'd make sure to put out a Trump 2024 flag or other things that make it 100% clear to my neighbors that I am not "one of them". And by one of them, I mean a communist democrat.
@williamcarlile4590
@williamcarlile4590 Жыл бұрын
They're not answering anything because they've completely lost their minds!
@think2invest
@think2invest Жыл бұрын
No they haven't. Politicians are the ones that get to redistribute were the tax money goes. If you can decide what to do with it, it can go to the person/company that gives you the bigest kickback.
@jimr5285
@jimr5285 Жыл бұрын
@@think2invest For sure, look at their boss!!!!
@discipio1778
@discipio1778 Жыл бұрын
Enjoy him while he’s here. IMO this man is a gem
@michaelegan6037
@michaelegan6037 Жыл бұрын
Think what he says a lot of b/s
@MichaelSheffield-ox8yd
@MichaelSheffield-ox8yd Жыл бұрын
@@michaelegan6037 Wow, how convincing that observation is.
@binbashbuddy
@binbashbuddy Жыл бұрын
Any land owner knows how this "prepay on unrealiszed gains" will work. My house is taxed on a value the county assessed which is far more than I could actually sell my house for.
@justinbiondi
@justinbiondi Жыл бұрын
Sue them. You will win
@mattpoules9225
@mattpoules9225 Жыл бұрын
it's legalized thievery
@hydrolito
@hydrolito Жыл бұрын
If they wanted to build a road through your property they might claim it is less valuable to pay you less for it.
@hydrolito
@hydrolito Жыл бұрын
Also, when you do sell it usually get less than it's value as realtor that advertises it for you gets some of the money.
@navalnationalguard534
@navalnationalguard534 Жыл бұрын
Property Taxes that are based on "Assessed Value" are Taxes on "UNREALIZED GAINS". This type of "Shell Game" is UNCONSTITUTIONAL !!!
@samurai_jack_1
@samurai_jack_1 9 ай бұрын
This lady is in complete denial
@conniehuffaCRE8
@conniehuffaCRE8 Жыл бұрын
So, if you have money in the bank, pay bills, and save money people are penalized, but if you are in debt up to your eyeballs and leveraged yourself to oblivion you get to keep all the marbles?
@johnkronos6435
@johnkronos6435 Жыл бұрын
Good analysis of these people's backwards policies and perceptions, The D's are criminals
@travisstorbakken1737
@travisstorbakken1737 Жыл бұрын
Yes.
@johntheboy6555
@johntheboy6555 Жыл бұрын
The ultra wealthy have very easy ways of avoiding paying tax entirely. For example, if you own 1 billion in a stock, you can take out low interest loans backed by that asset, annually if you like, and live far more lavishly than the average American, for the rest of your life, without ever selling the stock. So you pay 5% interest on the loans, while the stock grows by 9% per year, and you pay zero income tax the rest of your life. There is a threshold beyond which taxing wealth starts to make sense as the only way to close these sort of loopholes. If it’s a large totally liquid stock, the price is updated every few seconds, it’s not terribly difficult to think of a way to value that stock and tax it. The majority of wealth is held by the top 1%, with no way of extracting tax revenue from it, due to loopholes.
@schirmc1
@schirmc1 Жыл бұрын
@@johntheboy6555 First, you will never get a personal loan with interest that low (5%). Second, you have to lose money to avoid taxes. If you have stock, you pay capital gains on those dividends you receive from the stock (which is not 9% but far less). If you realize the stock (receive the 9% gain) you pay those gains in taxes. No investment is guaranteed to gain and 9% especially hard to maintain. Invested money was already taxed at some point. How many times should the government get to tax your assets? I guess if you have none, the answer is forever as long as you can get a piece (IE government handout). It is foolish to restrict your ownself from obtaining wealth in your desire to limit the wealthy.
@johntheboy6555
@johntheboy6555 Жыл бұрын
@@schirmc1 you don’t get it… the loan itself is your income, not the appreciation of the stock. So you can live as though you have an annual income by taking out low interest loans, for the rest of your life, without paying any tax. Secondly, most stocks do not pay dividends. And you’re right, at the moment in a time of hyperinflation you can’t get a loan with that low interest. But for the last two decades 5% would be easy. Remember we’re talking about loans backed by billions in assets, because we’re not talking about you or I, we’re talking about the ultra-rich. From the bank’s perspective there couldn’t possibly be a lower risk loan. They can find sub-prime lending with ease. But again, that’s not really the point. The point is you don’t sell the stock, and the loan itself acts as your income, until the day you die. You live incredibly lavishly and never pay a dime in tax. This is why income tax barely touches the rich. They don’t need “income” like most people do. They just take out loans against their essentially infinite supply of equity.
@MichaelBergeron-c5n
@MichaelBergeron-c5n Жыл бұрын
John Kennedy is full of common sense and is an asset to Louisiana. Thank you, Senator Kennedy.
@TeachAManToAngle
@TeachAManToAngle Жыл бұрын
He is an asset to the entire United States. Thank you, voters of Louisiana.
@MichaelFloodSr
@MichaelFloodSr Жыл бұрын
LOL Common sense? You must be joking.
@lovestodesign
@lovestodesign Жыл бұрын
@@MichaelFloodSr The one who said “it was a lot worse under Trump…”fact” (you), thinks he knows what common sense is? The FACT is, NOTHING was worse under Trump. You could go straight down the list and compare every single issue, and our country was better off during President Trumps administration than it was before, AND especially now during Biden’s. You can’t just make things up and call them “facts”…I guess you were asleep during Trumps time in office, and STILL asleep during Biden’s administration. Now it feels like “Weekend at Bernie’s”, trying to prop up a dead man.
@ambicateiler3152
@ambicateiler3152 Жыл бұрын
He’s an asset to the whole nation!
@lovestodesign
@lovestodesign Жыл бұрын
@@ambicateiler3152 I agree and I’m from Louisiana and voted for John Kennedy 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
@Game-The-System
@Game-The-System Жыл бұрын
Always entertaining, and in this case he's also absolutely right.
@Ghrainne
@Ghrainne Жыл бұрын
And there are millions will disagree with both him and you
@hannannah1uk
@hannannah1uk Жыл бұрын
Yeah that last comment was patronising and belittling of the Senator. That's what they do.
@melodymakermark
@melodymakermark Жыл бұрын
Yeah well Ray, there are millions who wallow in ignorance as well.
@JacobLewis-lu8gc
@JacobLewis-lu8gc Жыл бұрын
@@Ghrainne well, millions can disagree with Kennedy but data proves him correct. Have you not seen the millions fleeing Commiefornia for cleaner, safer conservative states, over just the last few years???
@robertalcock1523
@robertalcock1523 Жыл бұрын
Senator Kennedy, never stop "killing it and grilling it"!😂😂
@i3i2ian
@i3i2ian Жыл бұрын
“If you can't explain it to a six-year-old, then you don't understand it yourself” - Albert Einstein
@KJ-od8wq
@KJ-od8wq Жыл бұрын
Unfortunately, politicians are even less educated than 6 year olds.
@riccardocarbo2479
@riccardocarbo2479 Жыл бұрын
And yes, it was Albert Einstein who did say that and to his credit.
@welcometotheanimalhouse
@welcometotheanimalhouse Жыл бұрын
It's easier to explain something to a 6 year old because they actually shut up and listen most of the time. This dude would ask a question and interrupt the answer to ask another question. I'm with the person above ^^ cant fix stupid, but you can put them in charge of the economy.....". ^^
@drewmichaels3808
@drewmichaels3808 Жыл бұрын
I highly doubt that Einstein would be able to explain his theory of relativity to a six-year-old. Educated adults have difficulty understanding relativity.
@gabrielcapistrano6644
@gabrielcapistrano6644 Жыл бұрын
That’s assuming most people nowadays can comprehend past a 6th grade level
@biggestnate3
@biggestnate3 Жыл бұрын
Let's throw more money down the bottomless hole of debt.
@elizabethfirnschild8471
@elizabethfirnschild8471 Жыл бұрын
Elizabeth Firnschild 0 seconds ago I pay quarterly estimated taxes. I stress estiamated not what I have earned but what the goverment has estimated that I will earn and some mounth I go with out BECAUSE I did not earn what the goverment ESTIMATED. Tell me is that fair and how is this different that what we are discussing???
@1000frolly
@1000frolly Жыл бұрын
The US is very lucky to have a smart and level-headed person in congress like Sen Kennedy. There just seems to be so few of them.
@labyrinth75
@labyrinth75 7 ай бұрын
John Kennedy should run for President. I'd vote for him.
@greenmachine1987
@greenmachine1987 Жыл бұрын
One reason we don’t tax unrealized gains is because they are speculative, a thing is only actually worth what someone will actually pay for it. So until it’s sold, there isn’t a way to clearly value it. If you were taxes on property appreciation, if the value goes down, you would then be entitled to a loss realization.
@kevinmunguia7381
@kevinmunguia7381 Жыл бұрын
yeah i dont understand how "educated" people can legitimately consider that a solution... it would be a nightmare endeavor for any agency to investigate and validate speculated value. i do think there are loopholes that should be closed off that benefit those with wealth but this idea of PREPAYING taxes on unrealized gains is insanity especially when it doesnt apply to everyone.
@jameswright2974
@jameswright2974 Жыл бұрын
Company profits are un paid wages
@jameswright2974
@jameswright2974 Жыл бұрын
Paintings a 1% vulgar ponzi scheme likebanks bailed out by their citizens
@jameswright2974
@jameswright2974 Жыл бұрын
One american paid 2billion dollar fine ciitizen pays 1000 earns 10 thousand ????????
@beth4893
@beth4893 Жыл бұрын
Is the property taxes on houses not unrealized gain? This year our home value sky rocketed and the taxes went right with it! What am I missing?
@bebop4874
@bebop4874 Жыл бұрын
If you ever feel that you’re not qualified to do your job. Just watch these videos it will make you feel OK. Guaranteed
@johnkronos6435
@johnkronos6435 Жыл бұрын
That's a good one, ha!
@jacksonbennett84
@jacksonbennett84 Жыл бұрын
Pre pay on unrealized gains is hilarious. So do they get the money back if they realize the gains below the pre paid rate? Also, if you only realize these mystical gains on people with liquid money .... what are the odds the billionaires have liquid assets?
@ripwff7502
@ripwff7502 Жыл бұрын
PLENTY of Christians would EASILY qualify to do their jobs while having NO PRICE.
@Papaghost8902
@Papaghost8902 Жыл бұрын
For decades I lived in the belief that professionals, be they doctors, lawyers, architects or economists, etc..., were competent, knew what they were doing and were intelligent people. Approaching 60 years of age I've come to realise that very few of these "professionals" are even close to being capable of functioning in their professions or merit the respect so blindly given by the general population. The term "educated idiots" was coined some time ago and carries a lot of weight, particularly today.
@jonathantack
@jonathantack Жыл бұрын
Well said
@kiddhitta
@kiddhitta Жыл бұрын
The biggest mistake we've made as a society was giving so much power to people who were bullied in high school.
@jasonwiley798
@jasonwiley798 Жыл бұрын
Wow, you know nothing about these people.
@canoetripper4651
@canoetripper4651 Жыл бұрын
The repugs give it to people who were bullies in high school.
@johnholliday5874
@johnholliday5874 Жыл бұрын
​​@@canoetripper4651Funny. All the bullying I see is coming from Leftists against normal people.
@johnholliday5874
@johnholliday5874 Жыл бұрын
I would not be surprised if at this moment Yagan has a "Kick me" sign taped to his back.
@sickna-sty3244
@sickna-sty3244 Жыл бұрын
That's a really stupid thing to say but alas. Yo do understand scientists and actual mfkers who studied hard got bullied (most times) right? The people who can fix this?
@hellogoodbye4728
@hellogoodbye4728 9 ай бұрын
Well said senator, well said
@nicholasb8799
@nicholasb8799 Жыл бұрын
And...he is right...again and again....make fun of him all you want, he understands economics better than economics majors out of school....the future of this country is in the hands of some pretty un-educated people.
@DFWAI
@DFWAI Жыл бұрын
The other part of this discussion is what if someone pre-pays tax on a piece of property based on its estimated value and then the value drops? Will the taxing body refund any money? I'm guessing not.
@The_Lucent_Archangel
@The_Lucent_Archangel Жыл бұрын
It's also a laughable kick to the groin to tax inheritances and capital gains, but the bread tuber types don't see anything wrong with the IRS multi-dipping on investments several times whether or not they turn a profit or re-taxing assets when a person passes away. Sometimes to the point where the person inheriting them can't even afford to pay the tax and so sells it off rather than incur a massive loss. It's like another form of civil asset forfeiture but at the federal level, with even less recourse than locally, and without the necessity of even being suspected of a crime.
@Kash_Munni
@Kash_Munni Жыл бұрын
They haven't thought that far ahead, unfortunately, and I'm 100% serious.
@abcaabca6364
@abcaabca6364 Жыл бұрын
@@The_Lucent_Archangel And capital gains never consider the loss in value due to inflation. Holding an asset for 10 years and selling causes a tax on the total gain. Considering inflation, it might well have lost true value.
@myakkafly3506
@myakkafly3506 Жыл бұрын
@@The_Lucent_Archangel Thank You, my thoughts exactly. It’s scary to me how easily all demoncrats and their so called experts can blatantly lie and show no remorse at all.
@davids5006
@davids5006 Жыл бұрын
They are convinced that won't happen 🤣
@wolfpat
@wolfpat Жыл бұрын
If they pay a tax on an unrealized gain, can they get a refund or credit for an unrealized loss?
@geraldritchey4822
@geraldritchey4822 Жыл бұрын
I bet not.
@MrStewbee
@MrStewbee Жыл бұрын
Loses are realized only when sold.I..and I believe only a small portion of it can be written off each year for like 10 years. Tax payer gets scrued
@joeb1522
@joeb1522 Жыл бұрын
Absolutely not.
@robertbowman9108
@robertbowman9108 Жыл бұрын
But what if they actually do sell a stock and the next day it goes up 500%. Seams about as logical to call that a loss as taxing them before they sell it as a gain. Since it has no value at all until someone actually pays money for it
@wrathofgrothendieck
@wrathofgrothendieck 3 ай бұрын
Yes it’s called a deduction, any more brain busters?
@joelhc9703
@joelhc9703 2 ай бұрын
6:44 absolutely not, only Communism and Socialism say that: "from each one according to his ability for each one according to his needs"
@susannefiore4338
@susannefiore4338 Жыл бұрын
Kennedy asked her why are so many people leaving New York, and she starts talking about what a wonderful city it is! He didn't ask her if New York was a wonderful city said why are they freaking leaving!
@asnark7115
@asnark7115 Жыл бұрын
It's a wonderful city if you enjoy staring at cement, being jostled around, freezing, breathing noxious fumes, and paying a dozen times for rent what you would pay anywhere else for a 15th floor walk-up.
@yuribudnyatsky3450
@yuribudnyatsky3450 Жыл бұрын
I think she confused between Leaving NY and Live in NY )))
@botmoderator3405
@botmoderator3405 Жыл бұрын
Uh, rich people leave places all the time. They do have houses all over the world and and different states.
@susannefiore4338
@susannefiore4338 Жыл бұрын
I'm pretty sure that we're not talking about the small percentage of rich people that live in New York leaving to go to another house somewhere in the Eastern seaboard. Pretty sure we're talking about those people that are working two jobs to pay for a 200 ft² mini apartment for $3,000 a month! It's insane! There is no freaking city on this earth that would be worth living in a shoebox for that amount of money!
@davidmonroe4780
@davidmonroe4780 Жыл бұрын
@@asnark7115 Says someone who has CLEARLY NEVER been there.
@cliffyknight
@cliffyknight Жыл бұрын
My mother was the least political person I knew and the 1st bit of advice she gave was to vote "NO" on anything that would raise taxes or take my money in any way. Smart advice...
@johnristheanswer
@johnristheanswer Жыл бұрын
I guess you've never voted then.
@CaptainFritz28
@CaptainFritz28 Жыл бұрын
@@johnristheanswer Ha! True, true. If only our politicians had an ounce of common sense.
@fetB
@fetB Жыл бұрын
@@CaptainFritz28 if you think these people dont know exactly what they're doing, you need some common sense. YOu dont get into those kind of positions purely by doing the good thing
@CaptainFritz28
@CaptainFritz28 Жыл бұрын
@@fetB I stand corrected. *If only our politicians had an ounce of care for people other than themselves.
@fetB
@fetB Жыл бұрын
@@CaptainFritz28 I can sign that
@greggmacklin4222
@greggmacklin4222 Жыл бұрын
"The power to tax, once conceded, has no limits; it continues until it destroys. Taxes are not levied for the benefit of the taxed." "There is no worse tyranny than to force a man to pay for what he does not want merely because you think it would be good for him.”
@Chris-zx3wo
@Chris-zx3wo Жыл бұрын
Don't agree with taxation but to punish somebody more for being successful (billionaires) is not right
@susanschuenemann3073
@susanschuenemann3073 Жыл бұрын
YESSSS!!!
@matthewgilfus1640
@matthewgilfus1640 Жыл бұрын
Ok, so you want to have an ez pass installed in your car to charge you a fee whenever you take a turn, use interstates, or go from a town to a city to a county to a state road continuously?? That'll cost way more than a simple tax.
@jerkysasquatch9256
@jerkysasquatch9256 Жыл бұрын
@@matthewgilfus1640 Bro, what? They already have toll roads and a GAS tax, not to mention registration and license fees. Both of those are expensive.
@whateveritwasitis
@whateveritwasitis Жыл бұрын
its not about punishment, its about equality and fairness. what do you think when i tell you Amazon with 11billion in profit, not revenue, PROFIT, in 2017 and paid no federal taxes. are we punishing amazon by making them pay taxes? it becomes a game to te ultra rich, staking billions they cant spend in 10 lifetimes. if we dont find some type of hybrid system the whole thing is going to fail.
@bmg7763
@bmg7763 11 ай бұрын
No more true state statement ever told, He is “always entertaining”
@manikenpachi2760
@manikenpachi2760 Жыл бұрын
Thank you, sir, Mr. Kennedy! We need more senators like you🫡
@michaelpettengill4789
@michaelpettengill4789 Жыл бұрын
Thank you John Kennedy for setting these people straight
@ponderrous2659
@ponderrous2659 Жыл бұрын
When you tax something, you disincentivize that thing. Income taxes suppress the production of wealth. Whether it's the bastardized income tax we have currently, or a flat tax. A sales tax has it's challenges too. The biggest problem is that our federal government has become a massive insatiable monster. The spending needs to be brought under control.
@elizabethfirnschild8471
@elizabethfirnschild8471 Жыл бұрын
Elizabeth Firnschild 0 seconds ago I pay quarterly estimated taxes. I stress estiamated not what I have earned but what the goverment has estimated that I will earn and some mounth I go with out BECAUSE I did not earn what the goverment ESTIMATED. Tell me is that fair and how is this different that what we are discussing???
@dennisdean7433
@dennisdean7433 Жыл бұрын
👍👍👍👍👍💯💯💯💯💯
@slimerone
@slimerone Жыл бұрын
Senator Kennedy is such a beast
@meomy29
@meomy29 Жыл бұрын
You have to love Mr. Kennedy’s common sense approach to things.
@jonnaking3054
@jonnaking3054 Жыл бұрын
my common sense tells me that if you have so much money you don't know what to do with it, you should be paying more in taxes.
@ianmcgaughey1
@ianmcgaughey1 Жыл бұрын
​@@jonnaking3054 why? What's it going to do besides make rich government officials richer?
@rocketman6973
@rocketman6973 Жыл бұрын
"For the record", I'm a native New Yorker, lived in Florida for 20 years, now live in North Carolina. I have had job offers for NYC, Chicago and San Francisco among others since moving south. Even with large increases in the offered income, my family's standard of living would have dropped dramatically if I had accepted those offers. The left ivory tower gang has no perception of reality for what citizens of this country have to deal with. That's besides that fact that I live in a free state where I have the right to defend myself and my family, as opposed to NYC where I have the right to die or be jailed for defending myself. The country has gone insane and I hope that we can find a way to bring it back from the brink.
@helenthomas6716
@helenthomas6716 Жыл бұрын
I do too.😢
@sonyasanders5170
@sonyasanders5170 Жыл бұрын
​@@helenthomas6716 me to Helen😢
@JT-en9ni
@JT-en9ni Жыл бұрын
I'm made those exact 2 moves NY to FL to NC. I still test the market and getting a 50% raise by moving to CA or NJ would put my lifestyle back a bunch.
@mattycreek384
@mattycreek384 Жыл бұрын
These economists sound like the marketing team at Budweiser
@elizabethfirnschild8471
@elizabethfirnschild8471 Жыл бұрын
Elizabeth Firnschild 0 seconds ago I pay quarterly estimated taxes. I stress estiamated not what I have earned but what the goverment has estimated that I will earn and some mounth I go with out BECAUSE I did not earn what the goverment ESTIMATED. Tell me is that fair and how is this different that what we are discussing???
@mattycreek384
@mattycreek384 Жыл бұрын
@@elizabethfirnschild8471 Taxing unrealized gains is garbage and will cause a war
@profenew9640
@profenew9640 8 ай бұрын
If you earn less than $100,000 a year single, $200k family, you shouldn't have to file/pay taxes...... Government can make money on sales tax on items not made in America.....
@Zero_2500
@Zero_2500 Жыл бұрын
These “economic advisors” couldn’t run a water fountain. No experience outside an air conditioned building. No experience around the working poor.
@devonhughes3805
@devonhughes3805 Жыл бұрын
No experience around the working ANYBODY!
@flaggman1
@flaggman1 Жыл бұрын
Indeed
@kellymcclendon6601
@kellymcclendon6601 Жыл бұрын
These economist could destroy a steel hammer beating a rubber ball
@kathyhenderson1950
@kathyhenderson1950 Жыл бұрын
Senator Kennedy is so nice, calm, and totally respectful to everyone. He would make a great Pres. And that accent is a bonus.
@rayray8687
@rayray8687 Жыл бұрын
Except that he constantly interrupts the respondent mid sentence and doesn’t appear to understand what the other person is saying when it goes a little bit beyond very basic finances. As for the ‘accshent’ he ‘shounds’ like he’s ‘mishplaced’ his teeth.
@stephjudice
@stephjudice Жыл бұрын
Love my senator.
@lloydwaycott8178
@lloydwaycott8178 Жыл бұрын
He's also a liar. We can smell his lies from here in Britain.
@David-hm9ic
@David-hm9ic Жыл бұрын
@@rayray8687 Don't believe for one second that Senator Kennedy doesn't understand. Accents are not a measure of intelligence.
@rayray8687
@rayray8687 Жыл бұрын
@@David-hm9ic: No, but listening IS a sign of intelligence. Mr Kennedy himself states multiple times that he doesn’t understand the answers but he interrupts so frequently he can’t possibly understand them and that’s because he doesn’t want to hear them. The question was simple and the answers from all respondents equally simple. Q: ‘Should the wealthy pay a higher share of taxes?’ A: ‘Yes.’ FACT: Taxes have always been geared to wealth - the wealthier you are, the higher your level of tax responsibility. Right or wrong, that’s the way taxes are appropriated. Mr Kennedy seems to be unaware of this fact.
@chxwv
@chxwv Жыл бұрын
This woman first gave statement why people live in NYC when asked why they are leaving , then she denied they are leaving and then Sheldon jumped in with his neurotic response
@3namechangezalowdevry90day7
@3namechangezalowdevry90day7 Жыл бұрын
Looks like she's trying to say there's a bunch of immigrants coming in that compensates for any exodus. These news clips are always highly edited so you can't tell what they said already.
@mariavillamil5272
@mariavillamil5272 Жыл бұрын
Chewy, the people from California and N. Y are leaving by droves. Who wants to live in cities were crime is s high and not accountability for the criminals. Taxation to the roof, and people be intimidated. In my communist country, the government even prohibit the people to move to farms, and leave the shit cities.
@dogfostermom2018
@dogfostermom2018 Жыл бұрын
She clearly has no idea what is going on in California. Most "regular" people are struggling big time. Calif is NOT is a better place than ever, she is lying.
@maggiemay-ip8ls
@maggiemay-ip8ls Жыл бұрын
The time that I come to watch these kinds of hearings and someone actually answers a question, in English, and doesn't make a federal case out of a simple explanation... I think I would drop dead from sheer surprise. These so-called experts are word salad spreaders.
@fmcg5364
@fmcg5364 Жыл бұрын
There are many smart people out there who do have a hard time expressing themselves and then to have to dumb down answers must be hard
@jackiefowler6237
@jackiefowler6237 Жыл бұрын
I can't get enough of this great man! So few in government have the courage to tell it like it is!
@yesthanks6769
@yesthanks6769 Жыл бұрын
Nobody can ever give this man a straight answer 😂😂😂😂
@mpettway6982
@mpettway6982 Жыл бұрын
Because he's asking nonsense questions.
@stevemitchell904
@stevemitchell904 Жыл бұрын
it's a common tactic with Democrats who don't want to reveal what they are really up to. As for the clown who responded to you that Kennedy was asking nonsense questions...he is a burger flipper who is clueless about big business or how the tax code works.
@jerrycooper2306
@jerrycooper2306 Жыл бұрын
It seems like he’s getting a number of straight answers to his questions, he just doesn’t like them. He’s got a very clear agenda that’s he’s trying to push and he’s not going to stop re-phrasing the question until he gets the answer he needs to further his narrative.
@jonnaking3054
@jonnaking3054 Жыл бұрын
I would define rich as being able to CHOOSE not to have to work
@GLSEST2010
@GLSEST2010 Жыл бұрын
The questions are loaded, definitely.
@aaronstasel8292
@aaronstasel8292 Жыл бұрын
Senator Kennedy is a master of the art of letting a fool talk themselves around in a circle until they find a corner.
@gigi6374
@gigi6374 Жыл бұрын
He's like a cobra, mesmerizing it's prey, lulling it into a false sense of safety before it strikes. It is breathtaking to watch.
@bobmitchell2123
@bobmitchell2123 Жыл бұрын
That was genius.
@monsieur-le-chupacabra
@monsieur-le-chupacabra Жыл бұрын
Sounds to me like all he’s doing is interrupting them.
@aaronstasel8292
@aaronstasel8292 Жыл бұрын
@@monsieur-le-chupacabra Well, then, maybe you found your corner?
@monsieur-le-chupacabra
@monsieur-le-chupacabra Жыл бұрын
@@aaronstasel8292 What does that even mean?
@keithmccabe4040
@keithmccabe4040 Жыл бұрын
Senator Kennedy, just love when you have these moments of brilliance! They're often and appreciated.
@TheHarberHangar
@TheHarberHangar Жыл бұрын
Senator: "What three things would you change in our tax system?" Me: "I only need one: Make it flat 9% for everyone, no loopholes or write-offs whatsoever."
@kennyfrew9994
@kennyfrew9994 Жыл бұрын
Bingo
@tylerjames329
@tylerjames329 Жыл бұрын
you wouldn't give a deduction for children?
@TimParker-Chambers
@TimParker-Chambers Жыл бұрын
@@tylerjames329Absolutely not: It's a person's choice to have children. If the person can't afford the expense of having a child without getting tax breaks, or child support benefits, then IMHuO, they shouldn't be planning on having a child...
@thedopplereffect00
@thedopplereffect00 Жыл бұрын
Make it 0%. Go back to tariffs
@jasonwiley798
@jasonwiley798 Жыл бұрын
9 pct won't do it. Need 20 pct. That is more than I pay under the current tax structure. And more than the vast majority pay.
@chiefwaukon
@chiefwaukon Жыл бұрын
Govt: "Give us all your money and we'll give back what you don't owe in taxes. Trust us."
@1pcmedic
@1pcmedic Жыл бұрын
Democrats always know how to spend your hard earned money better than you do.
@CurtisDensmore1
@CurtisDensmore1 Жыл бұрын
Ask your employer to not withhold any from your paychecks. It's up to you.
@1pcmedic
@1pcmedic Жыл бұрын
@@CurtisDensmore1 If they don't withhold then you have to do quarterly estimated, either way they have you.
@Werebat
@Werebat Жыл бұрын
@@1pcmedic It’s worse than that, as the tax companies like H&R Block constantly lobby to keep the tax code Byzantine and ensure that we always have to factor taxes ourselves, even though the government already knows damn well what we owe. “Let’s play a guessing game. If you guess right, you won’t be punished. Oh, and you can pay my little friend here to give you the answers if you want.”
@lcln1
@lcln1 Жыл бұрын
After all, we're from the government and we're here to help.
@kclm7
@kclm7 Жыл бұрын
The Estate tax should be done away with because it's absolutely criminal. People pay taxes their whole lives, die and then their heirs have to pay Estate taxes on money/property that has already been taxed several times.
@wardmacleod3765
@wardmacleod3765 Жыл бұрын
It wipes out the family farm
@loreicmaster
@loreicmaster Жыл бұрын
Democrat Government Employees only answer when paid by foreign nations sorry America.
@DudeInOhio85
@DudeInOhio85 Жыл бұрын
Every dollar you earn is taxed about 10 times. It's damn ridiculous.
@christacap
@christacap Жыл бұрын
Triple taxation ... call it what it is
@ppumpkin3282
@ppumpkin3282 Жыл бұрын
The constitution allows taxation of income, not wealth.
@friggenbozo4495
@friggenbozo4495 Жыл бұрын
arguing with people to keep their paws off other peoples money.
@Barskor1
@Barskor1 Жыл бұрын
“I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money.” ― Thomas Sowell, Barbarians inside the Gates and Other Controversial Essays
@samdajellybeenie14
@samdajellybeenie14 Жыл бұрын
Billionaires are hoarding money and don't pay their fair share.
@Barskor1
@Barskor1 Жыл бұрын
@@samdajellybeenie14 How is keeping what you earned horading? and what is their fair share in quantifiable terms?
@samdajellybeenie14
@samdajellybeenie14 Жыл бұрын
@@Barskor1 When the top 1% have more wealth than the entire middle class, that’s hoarding.
@samdajellybeenie14
@samdajellybeenie14 Жыл бұрын
@@Barskor1 There's no right answer to how much the rich should pay. Just that they should pay more. In 1958 the top marginal tax rate was 91%. Hardly anyone paid that due to deductions, but it's the elimination of policies like those that have allowed people's wealth to balloon. Don't you want free healthcare?
@Barskor1
@Barskor1 Жыл бұрын
@@samdajellybeenie14 That is the result of the US going off the gold standard and lobbying for laws and regulations to create barrriors to entry in business
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