Biden Gang Now Pushing for ‘Billionaire’s Tax’ Which In Reality Will Likely Soon Tax Americans’ 401Ks and IRAs

Biden Gang Now Pushing for ‘Billionaire’s Tax’ Which In Reality Will Likely Soon Tax Americans’ 401Ks and IRAs

” Its not a wealth tax, but a tax on unrealized capital gains of exceptionally wealthy people,” U.S. Treasury Secretary Janet Yellen informed CNN on Sunday.
Thats like saying you have a four-legged pet that eats kibble, barks, brings, and looks exactly like a Golden Retriever– however it isnt a pet.
Yellen told Jake Tapper, “I think whats under consideration is a proposition that Senator Wyden and the Senate Finance Committee have actually been taking a look at that would enforce a tax on unrealized capital gains, on liquid possessions held by incredibly wealthy individuals, billionaires. I wouldnt call that a wealth tax.”
Its a wealth tax.
Worse, its a tax on the investments and productivity gains that make the whole nation richer.
Others see this as a tax on IRAs and 401ks.

Joe Biden might not know it however no doubt his Treasury Secretary does. A tax labeled a Billionaires Tax is being pressed by the Biden gang that will in reality tax Americans IRAs and 401ks.
PJ Media reports:
A wealth tax on billionaires is consisted of in the most recent variation of Joe Bidens “Build Back Better” program, however its a safe bet the real target is your retirement savings.

The left has had its eyes on your 401K & & IRA for 30 years. Theres trillions of dollars there that they absolutely starve for, they would blow that cash so quickly.
— Hunter Bidens Life Coach (@Dave_AllRighty) October 25, 2021

Remember, earnings taxes were introduced just on the rich. Now look who pays earnings taxes? If these taxes target the super-rich now, how numerous years prior to they tax everyone?
Who here trusts Joe Biden with your cash?

The post Biden Gang Now Pushing for Billionaires Tax Which In Reality Will Likely Soon Tax Americans IRAs and 401ks appeared initially on The Gateway Pundit.This material was originally released here.

The so-called “Billionaire Income Tax” is being written by Senate Finance Committee Chairman Ron Wyden (D-Ore.) with “input from the U.S. Treasury Department and the White House,” according to SWFI.

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