United States Biden administration policies and actions - megathread

Cherico

Well-known member
CIA & State Department will survive under future Presidents.
A political establishment is typically given a whole lot of chances to reform itself. Their typically given years and even decades of warning.

I don't think either the state department or the CIA have run out of chances but they are being told to knock it out and fly right.

I think they have at least another 40 years or so to inact reforms.
 

Sobek

Disgusting Scalie
I disagree, they don't have nearly that long. 4 years maximum. They are loosing control fast, and the things that would normally be used to distract people into not paying too much attention are not helping (Sports is full of woke shit, so are movie and TV. It's making it impossible to ignore.) Couple that with the collapse of the standard of living and we have a goddamn bomb waiting to go off.

It's one thing tolerating a out of touch government wanting to talk about trans issues and parrot globalist propaganda on a good day, it's another when they do that while you are literally having to swap all meat in your plate for soy and see your entire savings go up in smoke.
 

prinCZess

Warrior, Writer, Performer, Perv
Manchin coming out against unrealized gain taxation is just coming out as sane. The whole idea is bonkers from the get-go.
The 'fair share' talking point is...not even mimetic, just, like, reflexive criticism-avoiding pablum at this point.

Would be nice if the dude would actually forward some actual sane reworking of the tax code...But going that far would probably get him kicked out of his party at this point because seemingly the only direction (D) tax proposals go are 'bigger, higher, dumber!' at this point...With, I guess, the exception of gas-tax holiday proposals but those aren't very popular and some yabos seem to think stimulus checks for the job are the 'solution' because nobody can explain inflation to them.
 

49ersfootball

Well-known member
Manchin coming out against unrealized gain taxation is just coming out as sane. The whole idea is bonkers from the get-go.
The 'fair share' talking point is...not even mimetic, just, like, reflexive criticism-avoiding pablum at this point.

Would be nice if the dude would actually forward some actual sane reworking of the tax code...But going that far would probably get him kicked out of his party at this point because seemingly the only direction (D) tax proposals go are 'bigger, higher, dumber!' at this point...With, I guess, the exception of gas-tax holiday proposals but those aren't very popular and some yabos seem to think stimulus checks for the job are the 'solution' because nobody can explain inflation to them.
Manchin did say he's voting for Jackson.
 

Battlegrinder

Someday we will win, no matter what it takes.
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Obozny
Unrealized gains are just an arbitrary made up number written on a piece of paper which may or may no be anywhere close to reality.

Not exactly. It's based on the difference in value between where a stock was a year ago and where it is now, that's not totally disconnected from reality. The main issue is, as Machin noted, we tax actual income, not "well, you could have hypothetically made this much money" theoretical income.

Taxing unrealized gains is a way for the state to threaten its citizenry with ruin if they don't comply.

It would ruin people anyway. If you get a tax bill for ten billion dollars based on the hypothetically gains you made last year, because you didn't actually make those stock sales you don't have that money on hand to actually pay the tax bill, and will have to sell some to make the money to do so (I don't think even super rich people have billions of dollars sitting around as walking around money). Which will incur additional taxes next year on top of the imaginary gains tax, and that cycle will continue until you die or run out of stocks to sell.
 

Carrot of Truth

War is Peace
It would ruin people anyway. If you get a tax bill for ten billion dollars based on the hypothetically gains you made last year, because you didn't actually make those stock sales you don't have that money on hand to actually pay the tax bill, and will have to sell some to make the money to do so (I don't think even super rich people have billions of dollars sitting around as walking around money). Which will incur additional taxes next year on top of the imaginary gains tax, and that cycle will continue until you die or run out of stocks to sell.


I think said government attempting that would cease to exist before the person being taxed that way died.
 

Battlegrinder

Someday we will win, no matter what it takes.
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Obozny
I think said government attempting that would cease to exist before the person being taxed that way died.

Unrealized capital gains taxes are such a moronically dumb idea that it's hard to predict exactly how destructive they would be in general, picking a particular aspect is possibly but getting a big picture view of the damage is not. At least, not for me.
 

Bigking321

Well-known member
If inflation skyrockets, which, it is, a regular Joe could start getting massive tax bills for when their house is suddenly worth millions of dollars.

That's why they are trying this now. If the petro dollar collapses, there goes the dollar. Then people will have to sell their houses just to pay the tax on them.

It only targets the rich right now. But when everyone qualifies because of inflation? The government will just take everything and helpfully move the now bankrupt people to the new work camps.

To help them get back on their feet of course.

They get paid in food. That they grow. They can keep some of it.
 
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Bear Ribs

Well-known member
If inflation skyrockets, which, it is, a regular Joe could start getting massive tax bills for when their house is suddenly worth millions of dollars.

That's why they are trying this now. If the petro dollar collapses, there goes the dollar. Then people will have to sell their houses just to pay the tax on them.

It only targets the rich right now. But when everyone qualities because of inflation? The government will just take everything and helpfully move the now bankrupt people to the new work camps.

To help them get back on their feet of course.

They get paid in food. That they grow. They can keep some of it.
Worse when you consider the actual status of most millionaires. People tend to have the mental image of some rockstar or lavish dilatant but the majority of millionaires are people who work relatively normal hours at relatively normal jobs, it's just that their job is also a small business like a gas station, restaurant, or mom and pop grocery store, which have enough tools, buildings, and property to be worth over a million dollars. Generally, these businesses generate relatively tame amounts of income leaving these millionaires living a typical middle-class lifestyle, it's just that they own their own shop instead of stockholders in Wal-Mart or whatever getting it.

Wealth taxes, unrealized gain taxes, and the like will frequently brutally kill all the small businesses due to their nature and how much they can be valued at compared to income, which I frequently suspect to be the actual goal of those laws in order to shore up corporate control of everything.
 

Rocinante

Russian Bot
Founder
Worse when you consider the actual status of most millionaires. People tend to have the mental image of some rockstar or lavish dilatant but the majority of millionaires are people who work relatively normal hours at relatively normal jobs, it's just that their job is also a small business like a gas station, restaurant, or mom and pop grocery store, which have enough tools, buildings, and property to be worth over a million dollars. Generally, these businesses generate relatively tame amounts of income leaving these millionaires living a typical middle-class lifestyle, it's just that they own their own shop instead of stockholders in Wal-Mart or whatever getting it.

Wealth taxes, unrealized gain taxes, and the like will frequently brutally kill all the small businesses due to their nature and how much they can be valued at compared to income, which I frequently suspect to be the actual goal of those laws in order to shore up corporate control of everything.
your second paragraph is EXACTLY why they want to do it.

It's fairly obvious by this point that the left is out to destroy small business.
 

Urabrask Revealed

Let them go.
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The concerted effort to bring back feudalism is strange, I suppose certain politicians and billionaires want peasants they can lord over and abuse with impunity.
I guess they don't realize that if they get even close to succeeding at that, they will make the people who really really want to multilate them, rape their wifes and daughters, and smash their children's bodies against the walls look like the good guys for fighting back against their tyranny?
 

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