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Elizabeth Warren’s wealth tax won’t work

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Elizabeth Warrens wealth tax wont work

There’s a popular sentiment that’s present in many circles across America. The “rich” are the bad guys who plot against the common American to keep us down. In some cases, this is actually true; wealth has been used by many throughout history to buy favors, subvert prosperity for the economic middle- and lower-classes, and steer governments to do things that benefit them while hurting others. But corruption is much less of a driving force for the hatred towards the rich than envy. Few people would take the “moral high road” and turn down opportunities that would allow them to be rich. Just ask Bernie Sanders.

But this envy of the rich is manifesting into something much more dangerous than we’ve seen in the recent past. Senator Elizabeth Warren, a top contender for the Democratic nomination for president, has built her campaign around offering as much free stuff as possible and claiming that she’ll pay for it all through her wealth tax, which she currently proposes as 2% on any household with more than $50 million and 3% on any household worth more than a billion dollars. It’s a yearly tax that is designed to help her get elected. It isn’t designed to work, and either she knows this but hopes the people won’t see it, or she doesn’t realize it and she’s an idiot.

Wealth taxes have never worked. They hamper the ability of actual job-builders to build jobs. They also incentivize the rich to take their money elsewhere, which has a cascading effect on the economy when done in bulk. But perhaps most importantly is that the revenues projected to be generating from them never come to pass.

The saddest part is based on Warren’s own calculations of how much revenue she’ll generate compared to non-partisan estimates of how much her proposals will cost, it isn’t even close. We’re not talking about being off by millions, billions, or even trillions. If she gets her way, we’ll experience a budget shortfall of tens or even hundreds of trillions of dollars over a decade. This isn’t insignificant, but it may be part of the plan.

Who would plan for economic collapse? Someone who wants to install Modern Monetary Theory in America. That’s the only realistic conclusion that one can come to unless we’re to believe she’s a total liar. And that’s possible. She could be so eager to be a one-term president that she’s willing to make promises she knows are impossible to keep. But more likely, she’s going to try to keep those promises by taking us down a path in which we print money to pay our bills, leading to hyperinflation and the total collapse of the United States of America as a viable nation.

If that happens, she’ll have the ultimate form of socialism in which everyone is suffering equally. Well, everyone other than the elite.

This video by Reason breaks down other examples of hour Elizabeth Warren’s proposed wealth tax is either based on ignorance, deceit, or both. Her calculations are off by a few decimal points, but in a post-truth society, Democrats don’t care.

We are currently forming the American Conservative Movement. If you are interested in learning more, we will be sending out information in a few weeks.

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Democrats

Dianne Feinstein’s comment on Dayton shooter skipped one important point

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Dianne Feinsteins comment on Dayton shooter skipped one important point

Gun control is the talk of the town as the week comes to a close. Well, that and Greenland. And Jeffrey Epstein. But the mass shootings two weeks ago has DC buzzing, media furiously reporting, and activists on both sides of the debate furiously Tweeting at each other. Senator Dianne Feinstein weighed in on the discussion by pointing out some important facts about the alleged Dayton shooter, Connor Betts.

Her facts are correct. Her analysis is off because it missed one important point. We’ll get to that in a minute, but let’s declare once and for all (though I’m sure I’ll have to repeat myself later) that the 2nd Amendment IS NOT ABOUT HUNTING OR HOME PROTECTION. Our right to keep and bear firearms was put into the Constitution by our founders because they recognized what could happen if the people had no recourse against an oppressive government. Just as Venezuelans didn’t realize they danger they were putting themselves into when they allowed their guns to be taken away, so too do many Americans put way too much trust in government.

The authoritarian left wants guns because they know they’ll never achieve their endgame as long as the people can defend themselves from tyranny.

Feinstein is correct that the Dayton shooter was able to cause an extreme amount of death and injury in a short period of time. Police were quick to respond, otherwise it could have been much worse. But as our EIC pointed out in a Tweet, Feinstein’s narrative is worthless when you look at it from the opposite perspective.

Gun control is not the solution to our mass shooting problem. If anything, gun control has enabled shooters to enact their crimes without fear of many “good guys with a gun” to stop them. We must never give up our 2nd Amendment rights.

We are currently forming the American Conservative Movement. If you are interested in learning more, we will be sending out information in a few weeks.

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Democrats

President says AOC ‘fuming’ that Tlaib, Omar are becoming the faces of the party

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President says AOC fuming that Tlaib Omar are becoming the faces of the party

President Trump took to Twitter to make fun of the opposition party as two of its most outspoken members, Representatives Rashida Tlaib and Ilhan Omar, continue making headlines and stirring up controversy. He even threw in an accusation against Representative Alexandria Ocasio-Cortez for good measure.

There are no indications that this is accurate, but that’s not the point. This isn’t hard policy or thoughtful analysis. It’s a petty jab, and while many Americans, including some of his fans, are against him taking shots at the opposition in such a manner, this is the society we live in and it includes a President who takes jabs on Twitter. You can stress over it or sit back and enjoy it. I choose the latter.

For AOC’s part, she took the jab with a chuckle.

Beyond the diversion this offers ahead of a weekend, reality is probably more closely reflected by the President’s Tweet than Democrats are comfortable admitting, at least the part about them being the face of the party. “The Squad” makes more headlines among the four of them than the rest of the Democrats combined, and this includes the powerful heads of committees who are actively investigating President Trump ahead of a possible impeachment.

Both Democrats and Republicans have different degrees of infatuation with “The Squad.” Are they a real threat to our republic, as many on both sides claim, or are they merely a diversion from real decisions being made in DC?

We are currently forming the American Conservative Movement. If you are interested in learning more, we will be sending out information in a few weeks.

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Kirsten Gillibrand wants to confiscate guns

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Kirsten Gillibrand wants to confiscate guns

Senator and failing Democratic candidate for president Kirsten Gillibrand wants to confiscate your guns. The former “conservative” when it was politically expedient to be one in upstate New York has now gone the way of most her new party. She’s a radical progressive who wants your guns.

For someone who used to have an “A” rating with the NRA, she’s come a long way to hit rock bottom by calling for “assault weapons” bans and mandatory buybacks, AKA confiscations. Oh, but she won’t actually SAY they’re mandatory buybacks. She danced around that question like a pop star.

Gun activist Colion Noir broke down a recent interview she did with CNN. It was clear, as Noir pointed out, that CNN has already weighed Gillibrand in the balance and found her wanting. They went after her to corner her on her old gun rights support and tried to get her to admit what she wants to do as president with gun confiscations.

It’s funny watching Democrats flail around trying to get attention for themselves. There are only a handful of candidates leaving a mark, and Kirsten Gillibrand isn’t one of them. But she’s still trying to do damage to the 2nd Amendment on her way out.

We are currently forming the American Conservative Movement. If you are interested in learning more, we will be sending out information in a few weeks.

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