Varney: The greatest wealth transfer in history is here

'Varney & Co.' host Stuart Varney argues Biden is laying the groundwork to 'seize your money' with tax hikes on wealthy Americans. #foxbusiness #varney
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[@feliciacameron9531]

I feel sad that even though I am investing, I don't have the brain power to dig through how each company is doing, is this a good time to buy stocks or not, my reserve of $450K is laying waste to inflation and I don't know what to do at this point tbh, I need solid data on market trajectory

[@chrismillson2779]

I'll suggest you find a mentor or someone with experience to guide you especially in this recession..

[@Robertgriffinne]

@@chrismillson2779 I agree, that's the more reason I prefer my day to day invt decisions being guided by a invt-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a invt-coach for over 2years+ and I've netted over 1.5million

[@feliciacameron9531]

@@Robertgriffinne I've been thinking of going that route, been holding on to a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, think you inv-coach could guide me with portfolio-restructuring

[@Robertgriffinne]

@@feliciacameron9531 Sure, the inv-coach that guides me is Christine Marie Rocke, she popular and has quite a following, so it shouldn't be a hassle to find her, just search her

[@feliciacameron9531]

@@Robertgriffinne Christine really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her

[@evelynkope2842]

There's not a Democrat in this country I would vote for.

[@sislertx]

And every single one should be locked up in a looney bin or prison

[@carlrball]

Right with you. I cannot stand them.

[@LetsTalk649]

Unfortunately half do.

[@LetsTalk649]

Or should I say mainstream would say 81 million Americans did.

[@CallMeDr.T.]

Not the current ones, for sure, but your fellow citizens keep voting against Trump. Thus, maybe, Republicans will learn this time? What do you think?

[@paintchip173]

They want to tax you on stuff that's already been taxed

[@shattered115]

And retax you annually. Virginia taxes you like this. Buying a new car means paying additional tax every year until it depreciates.

[@johnmartin4641]

@@shattered115 how? A new car depreciates 11% as soon as you drive it off the lot if I remember correctly. With the exception of classic cars, they all depreciate as time goes on.

[@shattered115]

@@johnmartin4641 Every year you pay an annual tax on whatever value the car has retained. Even a rolling wreck worth $1,000 still gets taxed to some extent.

[@hondaman3317]

We pay taxes on everything we buy, taxes on the money we earn to buy it and then the employer also pays a tax on each employee..... I'm anti socialist and very pro capitalist, but, uh, wake up USA, they are coming for our tea again

[@Braddeman]

They do it all the time. They tax you on receiving your money, they tax you on spending your money, they then tax you if your money makes money. So the next logical step for them is to tax stagnant money and assets. Then they can have a constant tax.

[@albacus2400BC]

Yes, the stock market is currently rather unstable, but if you perform the proper calculations, you should be alright. I believe there are many wealth transfers taking place during this downturn if you know where to look because Bloomberg and other finance media have been documenting stories of people making over $250k in a matter of weeks or couple months.

[@AddilynTuffin]

Particularly in this weak market, there are several opportunities to generate excellent returns, but such intricate transactions can only be carried out by seasoned market professionals.

[@ericmendels]

Hey I'm not much of an investor, but I basically have all of my money sitting duck in my savings, been trying figure out what to put my cash into seeing inflation is at it's highest and I really would love to discuss with the coach that guides you

[@ericmendels]

Thanks for this tip. Her website popped up on the first page immediately I searched her, I read through her resume and it seems pretty tight. So, I dropped a message & hopefully she replies soon.

[@mimikimball1604]

W

[@mimikimball1604]

😊🎉🎉😮😮

[@Phoenix_Enterprises]

"The problem with Socialism is eventually you run out of other peoples money." -Margaret Thatcher

[@Aldarionz9]

@@elinope4745 yes states should have rights to print instead of a main agency.

[@Aldarionz9]

Well that money does not just disappear,Someone gets it once it transfers Margaret;

[@michaelwolf8690]

And we all know what happens when you run out of other people's money.... because it's happening right now under Capitalism.

[@gadget348]

The trouble with capitalism is a few individuals hoover up almost everyone else's money.

[@larrypaul2462]

​@@Aldarionz9 states at one point did just that! Needless to say, nobody alive today lived through that era to verify, but was claimed to be a massive cluster f.

[@barttfisher]

The time and effort required for tax filing can be significant. Are there ways to simplify the tax filing process for my situation, potentially freeing up more time to focus on managing my investments?

[@beafoster747]

Three words; Cloud-based accounting. Cloud. Based accounting tools automate a lot of the data entry and filing BS. This frees up valuable time for you to focus on managing your investments and growing your wealth.

[@PennyBergeron-os4ch]

Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2020, and I return at least $30k ROI, and this does not include capital gain.

[@HildaBennet]

I appreciate your advice. It's hard to find someone that's reliable. When I see how much you've made investing, I could really use your investment advisor. That is, if you don't mind sharing her information.

[@PennyBergeron-os4ch]

Sonya Lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@HildaBennet]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@MrMetz2112]

Vote all democrats out of office!

[@Jenda-ld8dj]

Vot'em all out of office.

[@mirandabri834]

Too late 😢

[@rileymod2523]

And al republicans that voted for the bank bailout.

[@timtaylor9633]

Vote out all Dems and Rinos

[@timtaylor9633]

@Johnny NotEnglish aren't you late for your trans story telling?

[@williamfoulk7798]

STAND FOR SOMETHING OR FALL FOR ANYTHING AMERICANS!!!

[@oddshot60]

Save your voice. The few of us that can hear you already know it ... and the rest are too stupid to listen.

[@keithbernard1565]

Waiting for the call.... will gladly die fighting evil, them terrorists for my country & people...😊

[@eleonorahmartinez1852]

The massive Federal deficit is over $$$39 trillion. How much is the interest rate???

[@oddshot60]

@@eleonorahmartinez1852 Does it really matter? We, The People are gonna pay it one way or the other.

[@dorothysnowdon6635]

Welcome to communism. Portugal did the same years ago, tax on property. Poor farmers having lived on their farms for generations had to pay a tax on their ‘assets’. They couldn’t pay, foreigners bought them at a knock down price for holiday properties. The commies Blair and Brown taxed our pension funds (windfall), companies closed their pension schemes, state pension schemes still offer fabulous pensions. Getting a promotion means that your new salary goes into calculating your future ‘pension pot’ and you pay tax on something you don’t have! Doctors etc leaving work is the result, they don’t want to pay tax on a lie. 🙀🇬🇧🇺🇸

[@robertpincus6528]

And yet, drs usually vote for democrats.

[@eleonorahmartinez1852]

Why work for income re distribution? Many people on Wellfare have better lives. College is a waste of time, students can't pay for it,and then have a huge debt which keeps them in poverty.

[@dorothysnowdon6635]

@@laurenceBDontYaNo All your figures say, if true, is that there are a hell of a lot of people on benefits and you aren’t denying it means that doctors are retiring early due to the rules Brown, Blair and Balls introduce then Cameron and Osbourne made worse. And the windfall tax when introduced destroyed private sector pension schemes. But that doesn’t matter, does it. They pay taxes so must deserve everything coming to them. 🤣🙀🇬🇧🇺🇸

[@margaritasanchez455]

@@laurenceBDontYaNo Except that's not what this video is describing. This video is describing a steady yearly tax on assets held by whites, and the monies will be redistributed to nonwhites for the purpose of "equity". Of course the 1% making this happen will not be taxed but rather will serve as the "middlemen" supervising this wealth transfer. NOW.... if someone were to propose taxing the 1% of their wealth (and only the 1%) then we may be onto something. Take from the billionaire and multi-millionaire Wall Street investment banksters, the Hollyweird and media mogul billionaires, the hedge fund billionaires. Clean them out! You know... for "equity". 😂

[@stacydalebarendse3978]

Remind me how much Senator Warren is worth. The only reason they go into gov is to inside trade with impunity.

[@calvincoolidge5545]

Her son lives in a multi million dollar house, but there is no public evidence of him having any kind of job. Maybe another Hunter?

[@johnmartin4641]

Rumor has it her Cherokee name is “Chief Spreading Bull$hit”.

[@michaelwolf8690]

If she wasn't wealthy you'd catcall her for not knowing anything about how the economy works. And if she was guilty of insider trading she'd have Marjory Taylor Green money.

[@larrypaul2462]

​@@johnmartin4641 To be fair, most descendants of Native Americans won't show up in a DNA test, or very little if and when it does. When it comes to Warren though, I'd agree with the given name! lol Remember the brand new branch of the government she campaigned on? Problem with it was, US department of economic development was started in 1965, long before it became her talking point in her campaign for potus. Far as I know, every state has one of those as well, state I live in the founding of it started 1947. And was proposed by a Republican governor of the state. Gov Kim Sigler.

[@billferris5292]

She is supposedly worth around 30 million dollars she got teaching at ivy league schools. Jobs she got by LYING about her Native American heritage to get.

[@wk.t2161]

I am sure that the Democrat politicians will have exemptions for them and their children.

[@ErikaWelindt-cs6uz]

Go after this cowards

[@sandymcgarvey4112]

I bet they do

[@jameshuntington2926]

How are the politicians that we voted for, living far better than us. Do the math and the numbers don't work for you and me at all !!! Sickening !!!

[@nelsonmcatee3721]

Bet Hunter gets a bunch of exemptions.

[@BioDeus]

Closing loop holes for the top 10% would be nice.

[@radamson1]

It's funny how the transfer of money from the rich to the poor always ends with a good portion of it in the pockets of the people doing the transferring!

[@peartfaldo]

and its never from the rich...its always from working people.

[@philipgerry5228]

That would be congress & Joe.

[@cornelkittell9926]

Most of what government seems to do these days is jump in to help those that continue to make bad decisions.

[@werollins]

A global Titanic disaster is being manufactured by AI and the elites who refuse to share and want it all

[@matejmazur191]

Wealth will ultimately go to do-nothing lawmakers, to enrich themselves and their friends. All because of human stupidity to follow rules of a weasel.

[@duanepredhome6523]

So true

[@josephwhatley9027]

That's how they funnel money. Get the money out of the accountable hands and into the money laundering. Examples: War Ukraine Foreign sponsored programs University studies Infrastructure projects that are very large. Many more

[@user-vk3ed9ew2u]

Specify Burisma BARAK Genocide Lone Black Darkness.

[@susanhardin5182]

Stop paying taxes! Time for another tea party!👹

[@sweetsummer2458]

Do you want the IRS goons after us.

[@Alan-dx1ys]

Take the democrats riches see what happens

[@BioDeus]

Why not increase tax all top 10% percent? Why is this a political issue and not a class issue?

[@gilian2587]

​@@BioDeus The top 10% have around $855,000 in wealth. You cannot live off of the interest on that at that level. How much would you tax them every year?

[@poingy4142]

I think the babyboomers need to consider who they leave their money to. If you're kid is a liberal and is helping usher in socialism then why would you help them. Leave it to a conservative kid or school that will help preserve our country and it's freedoms.

[@mirandabri834]

Like me

[@afriendtoo6971]

President Truman said back in 1952 that “Socialism is a scare word they have hurled at every advance the people have made in the last 20 years. Socialism is what they called public power. Socialism is what they called social security. Socialism is what they called bank deposit insurance. Socialism is what they called the growth of free and independent labor organizations. Socialism is their name for almost anything that helps all the people”.

[@orwellknew9112]

@@afriendtoo6971 Too bad it didn’t help all the people. This time, they’re calling it socialism, when it really means tyranny.

[@richardbarrow4620]

Socialism is a stepping stone in either direction, a ruse to enslave and a helping hand.

[@g-bgcg]

Poingy: I agree with you. Kids today expect to inherit their parents money no matter what. Our kids are in for a surprise when we die.

[@kencole781]

Their actions don't sound like for the people, more like greed and perverted deception!😮

[@phillipharris8277]

This is already being done through inflation.

[@phillipharris8159]

With a name like that I can tell you'r not only a genius, but stupid good looking as well. 😂

[@lineage13]

Babyboomers were the ones who over spent and Babyboomers are still the ones running the US government. Over spending and printing money=inflation. Inflation is the reason why housing prices and stocks go up.

[@whereswaldo5740]

You are being robbed as your money sits in the bank or credit union by inflation. Especially since there’s no interest on checking. And very little to none in savings.

[@budgarner3522]

"They do not respect success." A quote for the decade.

[@russianbot4418]

Success just gets you endlessly attacked by bad people for stupid reasons.

[@michaelwolf8690]

Given that the only ingredient in success is having been successful or born to someone that was, there's nothing worthy of respect there.

[@russianbot4418]

@@michaelwolf8690 Nope. Jealous and making up excuses for your own life's failures, much?

[@peartfaldo]

they're afraid of it......when people are successful, there is no need for govt....their biggest fear....

[@russianbot4418]

@@falcorianism3931 The dynamics of wealth and home ownership in the developed world are highly dynamic and ever-changing. It's rare for family wealth to ever make it more than 3 generations. Beyond that is family infighting when someone does do well on their own. It's surprisingly huge despite how little mention it ever gets. I grew up poor and started doing well in life and the immediate reason for that was for my dad to open up a frivolous lawsuit against me because he feels that because I am his kid, my life and assets are his to control and if he cant have it nobody gets to have anything. Now I work at a job I love doing what I love and I own the business and in a good month make more money than I used to make in two bad years of my life and all I get for it is endless lame legal attacks that do nothing but drain every penny I make, thus holding me down to the same level I was at when I was seen as a worthless bum. The wild part is how many people I have now met through my work that have been through the exact same situation to one degree or another or know someone who has.

[@tonyacerra2329]

I am 65 years old. I worked 38 years as a union carpenter in the freezing cold and extreme heat. I passed the entry test because I studied hard in junior high and high school where after those last 6 years I only missed the honor roll 1 or two times because I struggled with cutting weight for the team. My parents gave us very little. The secret in life besides working hard is two letters, IQ.

[@xStaman]

@BrightBrands I think we both know who the fool is...

[@williamsullivan3337]

If The total sum of the IQ of the Democrat party reaches higher than than single digits I will be amazed. Totally clueless as to how wealth is accumulated.

[@demonwaterdemonwater4993]

Or just let ai robots do it

[@benstr8156]

Hard work and IQ a nicely combo to have.

[@HighCountryRambler]

Why are literally ALL unions beholden to the democrats, to the point of member dues being forwarded to democrat campaign PAC's? If a cent of my hard earned wages were spent on a democrat I'd be working for a new outfit.

[@huemann7637]

1964 minimum wage was $1.25. If you take 5 quarters from 1964 and sell them to the coin shop for their silver content you will get over $25. This is why the monetary system is broken. Fiat currency.

[@sixoffive]

I heard some where that todays dollar is worth about six cents in 1964 money. Wish I held on to those quarters, dimes, halves, and silver dollars.

[@michaelwolf8690]

If you had put that $1.25 in an ordinary savings account you'd have $117.72

[@aerodicus]

Kovid was a wealth transfer, Ukraine is a wealth transfer, opening the border is a wealth transfer, etc, etc.

[@astridgalactic9336]

What really kills me is that how many of us who, thanks to those thieves, don't have money are still forced to lose everything to them.

[@michaelwolf8690]

Covid was a wealth transfer, but primarily to Conservative Owned businesses who lied to get Covid relief. Ukraine is a wealth transfer but primarily to Armed Service budgets and military contractors. And you don't live in a country with an open border, and you never have. But an insane amount of your income has been sent to overseas accounts of millionaires who don't pay less in taxes than you do while the IRS looks the other way.

[@aerodicus]

@@michaelwolf8690 I can tell you smoke a lot of weed.

[@aerodicus]

@@michaelwolf8690 The Fed lowered interest rates, printed billions in cash and spent trillions on “relief plans”, the first of which allowed home buyers to flee cities and purchase rural properties, driving them to exorbitant price’s minting equity millionaires who were to be later capitalized/preyed upon by property tax hungry municipalities. The printing of cash, so to speak, led to inflation and draining of accounts (as wages didn’t follow suit) and the spending bills/tax increases funneled even more wealth away from the working class and provided relief for the welfare coffers supporting millions of new illegals migrating north at the beckoning call of the agenda 2030 champions.

[@arthurbrumagem3844]

@@michaelwolf8690 three million across the border in two years or so and we DON’T have an open border. Wow

[@Harperrr.99]

You cannot cut your way out of recession you've got to invest your way out of recession, the Conservative party are in the dark ages on policy they've got to think again. My primary concern is how to maximize my savings/retirement fund of about £170k which has been sitting duck since forever with zero to no gains.

[@Blitcliffe]

@Margaret The truth is that people are finally waking up to the fact that our systems are breaking down in thousands of different ways all around us. Personally, the financial market seems like the only way to go with my long-term horizon (accumulated about £557,000 in earnings since May 2021), but if you don't have that time luck, it's a tough market out there down almost nowhere feels safe!

[@Blitcliffe]

​@Clara Lynn Yes, a Fidelity financial advisor named "NICOLE DESIREE SIMON" put an end to my fears about investing, and after making more investments, I was able to reach the high six-figure mark in less than 3 years. A licensing advisor satisfies the necessary security criteria; hence, reimbursement is guaranteed if I'm dissatisfied with the service, so I'm much better off hiring one.

[@johnsaltzohuigin6660]

Let's call it what it really is...the greatest conjob of the past 1000 years.

[@iamkesha.]

Why don’t politicians start first by taxing themselves that wealth tax? After they do it, then move on to other people.

[@BioDeus]

Congress couldn't just tax more income based on jobs. Increasing tax on income over 50 million would impact them and their wealthy donors.

[@trumpisatruepatriot3431]

They just gave themselves a 34,000. 00 raise.

[@michaelwolf8690]

Republicans are threatening to crash the value of the dollar if they can't take away your economic protections and give that money to the wealthy. If you're sick and tired of being made to be a mule for the government, vote out the politicians that continually side with the wealthy over you.

[@peartfaldo]

or how about they stop overspending...

[@boomer520]

Drain the swamp

[@peartfaldo]

who said that again???? and what are THEY---(you know the Swamp)--- doing to him.....

[@UltimateBargains]

"If you essentially steal the productive members of society's money and their wealth, you will all starve." -- Aaron Clarey

[@kurtrussell5228]

F Aaron Clarey

[@michaelwolf8690]

Jeff Bezos isn't missing lunch.

[@DianeSturlinXX]

It's going to be a whole lot worse before it ever gets any better 😔

[@williamfoulk7798]

Im afraid you are correct 😔

[@garybulwinkle82]

We are entering the Tribulation! Hold on to your socks; sh*ts going to get weird!!!

[@zbynekcodykolacek]

That depends on 2024 November

[@skeezix8156]

It’s going to get worse before it gets worse

[@debi5292]

It will get worse if good people do nothing. Time to go to work. Time to tell Democrats what traitors they are to their faces. Time to figure out who is woke and cross them out of your lives and businesses. Time to find out if your Bank and mutual funds are using ESG scores. Time to get yourself and family and your assets away from anyone or anything woke.

[@ck1234k]

Leaning towards communist,

[@michaelmcdowell2290]

I'm Sorry but We Are already there

[@charlescdt6509]

They dont want YOU to be rich, but they want to make sure they set their folks up right proper by taking yours.

[@peartfaldo]

THeft in other words

[@philcrane2426]

Where in the US CONSTITUTION does anyone in the government have this authority without congressional approval or by law?

[@OrangeMapleLeaf]

To the Democrats the constitution is non-existent and can therefore be ignored.

[@netteyf3857]

Let's go brandon!!

[@jamesadkins1780]

Not a transfer from the wealthy to the poor. But a transfer from the working class to the poor.

[@ModdingNewbie]

Or worse yet, a "transfer" from the wealthy (the "billionaire class" one of my friends on Facebook derides several times a week) and the middle class--to _them,_ the Senators and Reprresentatives in D.C., and those doing the collecting... once they have it all, "Distribute? What? Did we ever say that? We never said that--now get back to work, peasant! My private jet won't pay for itself, you know!!" :-P *sigh* God help us...!!

[@PD55_]

This is why accountants study hard to cheat legally on taxes, lobby Congress for loopholes.

[@TM-jo4wz]

You don’t have to cheat on taxes. All you have to do is study the IRS tax code. It tells you what to do. People just have to be smart and self disciplined to do study it. Also the common person is to afraid because of what might happen. Using the tax code is what you should do. That’s what people study to get ahead.

[@PD55_]

@@TM-jo4wz i know a PhD Accountant with a huge practice who was caught for tax fraud. Financial stress and greed make many people look for magic shortcuts.

[@stevejones7574]

@@PD55_ So from a sample of 1 you draw conclusions about the entire population. And you lack the self awareness not to reveal your ignorance. Remember, if you keep your mouth shut, people can only THINK you're stupid.

[@avalerie4467]

Actually, an accountant has zero reason to file erroneous taxes for a corporation which hires him/her. Look to the CEO and board of directors for malfeasance, not one of their vendors. No accountant will put their neck out and risk losing everything for a shady company that pays for their services.

[@PD55_]

@@avalerie4467 Look at the history of "Big 6" accounting firm scandals, who had to invent the LLP structure because originally as partnerships all the partners used to be jointly liable for the malfeasance of one. Why would they need this legal protection? Because accountants will cheat and steal if they can get away with it.

[@semlohde1]

And if you have to go into a care facility you have to sell everything you worked and saved for to da guvmnt. But if you did nothing, never worked, saved just a breeding animal- your cost is nothing. Mother in law paid $6000 a month, woman in next room paid nothing.

[@noemibarrios4056]

I am tired of these Marxists

[@Erikkurilla01]

The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies.

[@patrickbrussels4454]

@@Lemariecooper Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again

[@jessicasquire]

@@patrickbrussels4454 Please can you leave the info of your investment advisor here? I’m in dire need for one

[@patrickbrussels4454]

@@jessicasquire My advisor is *KATRINA VANRENSUM* You can easily look her up, she has years of financial market experience

[@jessicasquire]

@@patrickbrussels4454 Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

[@van6278]

@@jessicasquire make sure you buy crypto currentcy before it losses another 25%

[@generatorjohn4537]

I entered my first real job at age 22 years of age and retired at age 61 years of age. Took me a working lifetime to accumulate a decent "middle class" nest egg. I hope that with the help of my pension (without a COLA), SS, IRAs and home equity I can pass most of my savings/assets to my children upon my passing. These socialists have no idea the sacrifices we regular middle class folks have made to accumulate our monetary security. BTW - I'm white and my next door neighbors of 38 years are black.

[@zarach9459]

In Ecuador there was a real insurrection when the government tried to enact a law that would tax 75% of inheritances, people from all social classes rose up to protest, because they saw that this would deprive their children and grandchildren of their inheritance and those Children and grandchildren saw that the government would keep what was theirs. I will try to explain why Latin America is poor, here the idea that the government has to "distribute the cake" predominates, the government must control industry, commerce and money, it has to take from the rich to give to the poor, Basically, economic success is punished and failure is rewarded. I live in an oil country and we don't have oil, the government is the owner of the oil industry.

[@t-bone3657]

They absolutely DO have an idea of the hard work & sacrifices you and countless others have made. Since they don’t want to do the same, they’ve decided that stealing it from you and calling it a tax better suits their psychopathic tendencies. No government ran under a democratic republic has ever lasted more than 250 years bcuz eventually the crazies claw their way to the top. 🎉

[@werollins]

The plan may be to minimize the middle class via taxation and property seizures. Marxism in disguise

[@seanfaherty]

but if not for socialist policies put in place in the 30s you wouldn't even have had a coffee break at that job let alone enough money for a nest egg.

[@dakotabillyone]

The Socialists know exactly what sacrifices the regular people have made. They just don't care.

[@rogerstone1842]

I was really hopeful of my investments this year, but all my plans have been disoriented, I've been studying the market crashes and I realized some investors made millions from the recent 2008 recession and I was wondering if such success rate could be achieved in this present market. and the Federal Reserve taking a more hawkish approach to interest rates and bond purchase tapering.

[@lucyAngletont]

Cryptocurrency crashed the last couple years, so it should be starting a new run to a new high.

[@CliffWarrensmith]

I feel exceptionally lucky I started investing in my early 40s and consistently compounded my income to create more cash flow. I grew to a 7 figure well-diversified portfolio having exposure to different prolific investments mainly stocks, real estate, metals, and high yield dividend funds. ever grateful to Trisha Jean Webb my F.A... she is super helpful to a lot of beginners out there.

[@rogerstone1842]

@@CliffWarrensmith Did a quick web search, she has a pretty decent bio, I wrote her and I'm waiting on her reply.

[@dougearnest7590]

@@rogerstone1842 - That's strange, I did a more extensive web search and found out she either isn't real, or was linked to Epstein and securing children for Bill Clinton and Prince Andrew at Pedophile Island. So to be on the safe side, I'm going to have to pass on this opportunity to invest in yet another fiat money scheme.

[@Jenda-ld8dj]

@@CliffWarrensmith SCAM!

[@HeavyK.]

You can't spend all your money AND hand down generational wealth.

[@juliejones8785]

That would be property tax and that is unconstitutional for the federal government.

[@dougearnest7590]

And we all know the feds could never get away with doing anything unconstitutional - so we're safe. What a relief.

[@ErikaWelindt-cs6uz]

They are criminals, they don’t care

[@darylfoster7944]

The Constitution might as well be toilet paper. The government considers it a quaint relic of the past. Even if the feds can't get this enacted, it will simply be done at the state level. California, Connecticut, Hawaii, Illinois, Maryland, New York, and Washington are all introducing wealth tax legislation. The exodus from these cesspools will accelerate.

[@russellbowen3238]

Thay claim to want to help the poor but they have only made the rich richer.

[@zarach9459]

I live in Venezuela, the current government said that it would end poverty by the year 2005, while the government expropriated houses, buildings, farms and industry, there was a group that always applauded because they believed that sooner or later part of that wealth would reach them, the The reality is that the government took from the rich, took from the middle class and took from the poor to keep everything for themselves.

[@BioDeus]

Agree. Trumps tax cuts going mostly to top 10% just served to transfer more wealth to them and hurts the middle class.

[@l.k.7940]

​@@zarach9459 , that's because there wasn't just plain socialism but communistic socialism or a sort of communism! Socialism allows for private ownership of things and for capitalism while helping those that are poor, while Communism doesn't allow private ownership of anything and no private enterprises etc! Communism = to have everything in common/shared as a community without private ownership and without private enterprises and everything controlled by the govt or community. Which leaves everybody kind of poor and without incentives to improve things.

[@johnmartin4641]

They would rather hurt rich people instead of helping poor people. They’re perfectly fine with the poor ending up as collateral damage as long as it means they get to stick it to rich people.

[@peartfaldo]

exactly. and people keep voting for them over and over......unreal.....

[@mlmoreno75]

We will leave the US.

[@PD55_]

I thought you worked your entire life to build up your family and hopefully leave them someting, not to give it away to unknown strangers. This is not fairness, it is just theft made legal.

[@michaelwolf8690]

I thought if I worked hard my entire life I'd build enough income to live a comfortable life. Decades of sacrifices and overtime made the companies I worked for very successful and the executives that ran them retired as billionaires but I'm still struggling. THAT is theft made legal.

[@roberth1148]

It’s always about wealth transfer,it always goes up

[@Steve-yo4ld]

Welcome to Venezuela 2.0 One Day, One Policy, One Law, and One Crisis at a Time!✌️

[@Moondoggy1941]

Every thief needs an excuse to they can steal your money and property.

[@dougearnest7590]

Eventually society deginerates to the point criminals realize they don't need excuses.

[@eleonorahmartinez1852]

The Gov Kleptocracy! How does it really steal "your" money? One is by frivilous lawsuits! False accusations of racism. Politics by gender,race,religion, national origin all are abused to go after your wealth, or your job. Meritocracy is non existed by social/political positions. Nepotism? The Biden family is an example of corrupt influence peddling,inequality, un democractic tactics,lawless actions!

[@eleonorahmartinez1852]

Want proof?

[@deborahrabon3365]

What about the politicians that are “white”…they going to be put in this category too??

[@55points]

of course although the richest by FAR are democrat politicians! Although somehow Obama is now a billionaire he will have to pay it as well. when it comes to taxes the democrats will spare NO one not even you. The only color of money is gold silver copper and green. If you want to leave your kid your home when you die even a mobile home on an acre of land that is all you have will get a tax on it your kid has to pay. They did this before too. Not long ago. Right from the poorest of us to the richest of us, its how they run their big government take it from all the people and they will pocket whatever they can in the process. Inflation is great for them. It costs more and raises MORE tax on EVEYTHING YOU BUY.

[@leegundlach391]

Always racist against a white person

[@l.k.7940]

Bcoz there aren't wealthy black politicians too?!

[@letthedeedshaw7541]

Who is driving this trainwreck???

[@dougearnest7590]

It's been on automatic pilot for decades, and the door to the cab is locked.

[@Taxpayeroftherepublic]

Did you ever think low ambition might be popular among certain groups of people therefore they don’t attain certain levels of success did you ever think homeownership is not important to some people that’s why they don’t make it a priority don’t take mine because I made it a priority for me

[@michaelwolf8690]

Did you ever think that ambition only occurs when there's a chance of it being fruitful? Did you ever think that a whole generation grew up watching housing prices outpace wealth and have no reason to believe they'll ever have the wealth to purchase a home?

[@Stall-FedCalves]

Respect isn't demanded successfully; it's only commanded successfully & even then not necessarily in this wicked world.

[@mikewest5529]

But they won’t every pay a penny! Only the citizens are punished. Time to turn the tables lady’s and gents!!

[@werollins]

This is why the concentration of power is a dangerous addiction they only want more for the tyrants

[@duaneronan8199]

It's still less criminally insane than "income" tax. A multi millionaire has a bad year, and "only" makes $50k. You, who have been poor all your life, have the best year you've ever had, and also make $50k. And you pay the same tax. That's strike 1. Income tax is a slave labor tax. You have to work months every year, just to earn the money to pay the tax. Slave labor. Strike 2. It's a tax on you as an individual. A tax you must pay "to live". You can't live without income. A tax "on living". Strike 3. You're out. The Constitution strictly prohibits such a theft tax. Only an Amendment that was never properly ratified, allows this treason. To this day, you cannot be "convicted" of "tax evasion". Al Capone was convicted of filing a false tax return; lying on a form officially submitted to the government. NOT for "failure to pay" income tax. Get rid of income tax. For everybody. Everywhere. Forever.

[@dianemacmillan7817]

insane can watch anymore of this

[@marcocarlson1693]

Hahahahaha. Leftists, Ugh!

[@ubermacher]

A theft is now called a wealth transfer? Like the street mugger steals your wallet. Oh don't worry is only a wealth transfer.

[@ch33psk8]

succinct analogy

[@coopfam3799]

Does this apply to them as well? How is it that public servants, hired government official are worth millions? How is they have accrued such wealth working “for the people” when most of the ppl they represent are becoming more and more poor under them?

[@MgtowRubicon]

I am so glad that in April, I moved 6-figures of my cash out of a "too big to fail" bank to pay down my fixed rate 2.50% interest mortgage debt with 28 years left. I want to be totally debt-free before the Greater Depression hits hard, and to own my home free-and-clear. When you lose your job in this Greater Depression, or become sick or injured and can't earn, then you will be glad that you already paid off all of your debt including your mortgage, no matter what the interest rate was. I suspect that many people are doing the same. Retiring debt reduces the money supply, accelerating the economic collapse.

[@dougearnest7590]

I'm sorry to inform you, but you'll never own your own home in the U.S. - not as long as the government can tax it then take it away from you for not paying your taxes. (and that's just one way they own it)

[@markhirstwood4190]

Your home is never really free or clear - they can raise property taxes a lot plus the costs of maintenance and repairs can go up a lot too. Unless your home and or property produces something of value, such as a home-based small business or a large vegetable garden/microfarm with a root cellar or something. Good to pay off your mortgage, no doubt, but that's not everything. The location of your house may work against you too, with rising transportation costs, even security costs.

[@generatorjohn4537]

I don't think that was a good idea to do. That mortgage was at a very cheap rate. I hope you have some savings left for a rainy day. I would have taken some of that money and looked at investing opportunities instead.

[@dougearnest7590]

@@generatorjohn4537 -- You're right from a strictly "financial management" standpoint - "what's the best use of your money right now?" etc ... But the other thing to consider is when the house is paid off, it's paid off. You don't have to worry about things like "oops, I lost my job and can't pay the mortgage" or something crazy happens with the economy and the Congress reacts with someone even crazier - "Sure, you can raise interest rates on existing loans" or ... "since the dollar is only worth 10% of what it was when your loan was approved, that means your monthly payment is now $35,000." I'm no financial expert, but I am an historian and I watch the news and listen to people I know personally who have more money than I. There really is no safe place to invest it now other than in something tangible you can hold in your hand. So at least it's paid off -- but as has been pointed out already, even that doesn't protect you from taxes and other excuses to seize private property.

[@larrywright1589]

Before it's all over democrats will be blaming Jesus Christ for all the sins in the world...

[@dougearnest7590]

They'll all be claiming to be agnostic or athiest and preach there are no moral absolutes, but also blaming Jesus Christ for all the sin in the world -- no one in the media will question the incongruity while warning us of the dangers of not getting the 13th booster and the need to send another 10 billion in weapons to Ukraine.

[@peartfaldo]

and there are people out there that will believe them....THATS the problem

[@paulwolf7562]

Well, I hate to say it, but I must have missed the boat? Because, I didn't make that. I tried to do everything right. Went to school, studied, worked hard, etc, etc and I all I got was bad feet and knees, medical problems and Medicaid for my troubles.

[@junkyardjimmyriversiderecy6722]

You get what you vote for

[@dangaines405]

Well said Stuart! Thanks for fighting back on communism, socialism and marxism!

[@GeneralSpanky]

Let them try.

[@outdoorsman9384]

I want Biden and Harris in prison immediately 😩

[@bishrob345]

I suggest a Governmental Fire Sale!

[@BenGates101]

This is insane

[@davidmotyka2708]

I am lucky my Irish uncle gave me his farm and Biden can’t tax it.

[@Paladin-ui2uo]

You sound LIKE A BABY

[@billmundell4512]

I wonder what the USA would be like if ALL people stop being jealous of each other. Stop being envies of each other. Stop being greedy. Stop covet our neighbors stuff. Lastly, stop bearing false witness of each other. All the above is what is happening in America right now. That is also the cause of all American's problems!

[@tishajennings6254]

I agree

[@Bwanar1]

That's absurd. You can't use common sense when dealing with the government!

[@MykeeLau-tg8pc]

Sorry, I don't live in the USA anymore.

[@LTXsp]

The greatest transfer of wealth has already taken place over the past 4 decades.

[@mycatisromeo]

No point in telling idiots with a 1970s high school education and an inability to learn about their own political system and history. Too busy watching sports and force fed propaganda on cable network television.

[@marcelacaba1863]

😂😂 BRIBEN 😂😂

[@robyoung-pl1gq]

Traitor Trump

[@kenjohnson4423]

Oh good, i hope they do this. This applies to Federal US citizens only. You are a state Citizen of the state you were born in. Citizen of Utah for example. When did you become a federal US citizen, when you got your SSN on form SS5 line 5, mommy checked US citizen by error. Fill out a new SS5 and check other on line 5. No more 1040 forms. no W4 to work. Or change your W4 to exempt. they still take out SS, but no income tax. Do not fill out a 1040 form, you are no longer a US citizen. and no you didnt renounce us citizenship. you are a state citizen.

[@gary7851]

Poverty equal fascism ☝️✍️

[@FatherDuck80]

Not my fault their parents didn’t plan things right and they stay in the slums.

[@MgtowRubicon]

"The American Empire is coming to an end, that is undeniable, but what may surprise many is that when it happens, it is not an accident and it will not be left to random chance." -- Jeff Berwick, "The Controlled Demolition of the American Empire", Amazon Kindle

[@Paladin-ui2uo]

You can thank the all REPUBLICANS in the Congress who TAKING BRIBES UNDER THE TABLE, INCLUDING LYING TED CRUZ, BENEDICT TRUMP, Jim JORDAN, RAND Paul, RON Johnson

[@patrik-vw4ek]

Good news.

[@werollins]

They placed their NWO puppet in power: demolition Joe

[@donnaallgaier-lamberti3933]

I'm age 72 and far from being rich, I made what I have now by working hard. I left home at age 17, working full time and going to school full time, (which I paid for myself. I had one need-based scholarship in the entire 4 years that I was in school and i got that by having and keeping a B+ average ) Yes, I did benefit from buying, painting and remodeling and selling my first home but I earned that. I paid property taxes, income taxes etc. and saved and saved all of my life. I never took vacations, never bought a new car, did not eat out and NEVER once had Cable TV or cellphones. I raised my two sons (without Stimulus Checks, or food stamps or any governmental money) and educated them on what I had saved over 20 years. I invested in that home, I painted, remodeled, added a bedroom and a deck myself. I lived simply without a dishwasher, or a/c the entire 20 years I lived there. Yes, I made some money when I sold it but that was because the 100 year old home was fixed up and I kept it in pristine move-in ready condition. There will not be any money for my adult sons who make more income than I will ever see in my lifetime. I have just enough for a VERY simple retirement and paying for my health care out of pocket. Am I the enemy here?

[@mycatisromeo]

You're not the enemy, but politicians divide us up, and paid for and lobbyied by huge corporations, to tell everyone they can't have something without taking from "others". It's the only way they retain power: divide and conquer. However, these crooks both in government and big business are neither sides' friend. It's all about enriching themselves while getting us all to fight over the crumbs. There are millions of young people working just as hard and smart as you did and the cost of living is eating them alive. This was by design. Inflation is a transfer of wealth from the working man to the rich.

[@LilRedDog]

What in the world makes you think that Brit was referring to you? You yourself make the case you are, indeed, not. You are NOT the enemy. No one wants your savings. Arguably, you are from a generation easily manipulated by Opinion shows and dressed up as News shows. Go buy a cell phone but stay away from Facebook.

[@glenndoty739]

My kids worked their butts off, now u want to steal their 401k? Wtf

[@777bigbird]

Taxes are fundamentally " Illegal " . I work , I earn , it belongs to me . Nobody and I do mean nobody gets anything of mine unless I deem they will. Charity or whatever. Any Organization that even tries to take what belongs to me is criminal and will be dealt with accordingly . Nuff said ?

[@peartfaldo]

Agreed. I pay over double for my health insurance Thanks to that prick obama Basically taking from me to give to someone else who doesnt work.....ALL for dem votes.

[@JamesPetrycia-zj7yq]

Here is problem, the poor getting poorer and rich getting richer with welfare of government and middle class get screwed! The middle class has go to bankruptcy to pay their bill. Here is another problem, I am using China as example, China is buying farmland and exporting produce without paying taxes and when there is shortage in the US o9f produce China will not sell it in the US but export it. N0-One how much Smithfield foods avoided paying taxes on pork exports,since money stays in China.

[@lincolnstovall9471]

Governmental organizations of terroristic policy’s and activities, actions, tactics on the We the people!!!

[@rymillar8126]

It's not that I don't think it's fair... It's that I don't want to pay your debt, social security and Medicare... We'll forget about the fact that you printed yourself Rich with asset inflation and call that square.... But pay for your spending... Absolutely you will

[@crush42mash6]

We’re dealing with us in Canada right now. Constant government interference in our pockets, work hard pay for the people that do very little doesn’t seem fair.

[@jeffrowson8974]

Bernie is starting too look like the cryptkeeper

[@RS-sx2ex]

The person who wrote this article should get a real job and stop bullying people who made sacrifices to get where they are in life.

[@chrisbiro1]

We are ready paying a wealth tax, it's called property tax. And it's wrong.

[@howardsmith9342]

Neat idea. Take away money from your children, and give it to somebody else's children, because reasons. Isn't that what robbers do?

[@stevedragovich909]

Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shown that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.

[@user-dp7my4dx9t]

I'm glad I have a million dollars buried in my back yard😂.

[@lizbethartemis4886]

Come on - the biggest transferred happened when trumpet passed the new inheritance law. Both D&R went along and transferred their fortunes to their descendants 👎

[@cliveblacksheep2522]

This is the existing system, we pay tax on earnings, we pay tax on fuel and food and more tax on electricity and water, and more tax on any and all services that we might use. GST is a crippling blight on people, the true tax rate for individuals and families is more than 50%.

[@sislertx]

Build back (slavery) better

[@benardpatrick9482]

The Collapse of these banks has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I'm at a crossroads deciding if to liquidate my dipping $480k stock portfolio, what’s the best way to take advantage of this bear market?

[@thanyalakbandatang-lh7cz]

In my opinion, some of these banks were attempting to restructure their bond portfolio, which involved selling their low-yielding bonds despite the potential loss, and compensating for it by buying higher-interest-rate bonds on the open market.

[@justinajoshua9369]

I have learned to not trust corporations. I was badly hit by the '08 financial crisis. Since 2019, I've just been focused on investing through a financial advisor, and it has been paying off, and I'm never going back to banks full time.

[@justinajoshua9369]

My Financial adviser is *‘’JAMES GIFF GIFFOR ’’* he’s highly qualified and experienced in the financial market. he has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching him credentials further. he has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@l.k.7940]

Easy, invest in upcoming economies such as in Kazakhstan, Indonesia, Brazil, Chile, etc.

[@troyhawkins6820]

Migrants moving in… Americans moving out

[@leegilbert5804]

This is why they want your guns.

[@kurkgarro2341]

Arm yourselves

[@Paladin-ui2uo]

Are you normally this GULLIBLE. Maybe you come from A GULLIBLE family 😂😂😂😂😂

[@glowwurm9365]

Afraid the NY times is correct, one only has to look at the price of housing in the UK since the 1980s and the price of stocks. Stocks have accumulated only a third as much as housing during that period. Meanwhile we’re spending x6 as much on the over 65s as we do on our children as a percentage of goverment spending. But when the boomers were asked to fund their own elderly care (by a right wing goverment) all hell broke loss. Nahh they want a triple lock pension, they want to keep there house, and they want someone else to pay for it all. It just isn’t sustainable given the number of boomers and the rise in life expectancy. Meanwhile I gotta pay £2k a month for 2 under 5s to go to nursery so that I and my partner can work so that we can fund the social welfare the boomers are receiving. Things were literally easier back in the 80s, you don’t need two wages to fund a house which is ten/twelve times the average wage. Anyways let’s talk about avocados and that take away coffee I bought last week.

[@Man_Cave]

When I studied Economics in College, they would always say that free markets and Capitalism worked best. But there would always be that one chapter that addressed the Redistribution of Wealth. It's nothing short of Socialism/Communism and yet there it was in every College text book. They would never call it all for what it is.

[@matthewburns7584]

I’m sure this will pass the divided congress. Keep up the fear mongering Varney!

[@jessetorres8738]

I once saw this image that said that if someone lived for 80 years & earned an average of $5,000.00 every day of their life, they still wouldn't be a billionaire, but rather have about $150,000,000.00. At the bottom of the image was a line that said that no one works to become a billionaire. So yeah, we should be taxing multi-millionaire & billionaire individuals & corporations in this country more then we currently are! And if you want to argue that taxes shouldn't be raised on the wealthy & corporations, how can you defend them when they send their U.S. dollars to other countries so they can't be taxed & help fund domestic programs to help poor people here in the U.S.?

[@johntrudel6849]

We need to stop handouts and reduce the amount of taxes making it more lucrative to invest in American companies and innovation. Read Thomas sowell to see what happens when you raise taxes on the 1%, who already account for over 70% of the tax revenues collected by the IRS. You end up collecting fewer taxes, drive away investment, and push money overseas. You think taxing them more is going to bring back some of that overseas money? Seriously??

[@True_Patriotx]

You think the rich won’t just raise the prices of things they sell through the companies they own so that they can maintain their same standard of living? They won’t pay the tax they will push it onto the consumers which is us. This tax the rich is a bunch of nonsense. Want to get rid of all the government problems? Remove all income tax. Switch to a 1% sales/consumption tax. And the government needs to cut about 90% of its useless wasteful spending and 90% of the branches/offices can be shut down. We don’t need them. We need congress yo make laws, we need the courts, and we need the military. Everything else can go.